$3,288,000 - 383 Melrose Avenue, Lawrence Park
Detached for Sale in Lawrence Park
36 days on marketNeighbourhood: Bedford Park-Nortown
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- MLS Number
- C13729824
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Taxes (2026)
- $13,904
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Custom-built in 2022, this Bedford Park smart home offers approx. 2,500SF above grade on a 25 x 150 ft. lot, with 4+1 bedrooms, 5 bathrooms, a heated foyer, a custom powder room and a walk-up basement with direct garage access and a separate entrance. Quality finishes are enhanced by 10-ft. main-floor, 9-ft. upper-level and 11-ft. basement ceilings. Specialized bay windows in the living room, family room and one bedroom, multiple skylights, adjustable pot lights and fixtures provide abundant natural light. Open-concept living/dining flows into a gourmet kitchen with high-quality porcelain countertops and an oversized porcelain island featuring a waterfall design and extended breakfast bar. Premium Miele appliances include a 36-in. 6burner gas range, custom-paneled built-in fridge and freezer, speed oven, full-size oven and dishwasher. Family room features a gas fireplace, custom TV wall and walkout to a deck with BBQ grill overlooking the landscaped backyard. Primary suite offers a custom electric fireplace/TV wall, organized walk-in closet and spa-inspired 5-piece ensuite with heated floors and smart toilet. Basement offers heated floors, a nanny bedroom, full bath, rec room with garden walkout, home-office potential and cold room. Enjoy a snow-melt driveway, porch and stairs; premium interlocking and precast stone; natural front lawn; backyard artificial turf; and firepit with benches and integrated lighting. Smart-home features include security cameras, programmable front light fixture, backyard and soffit lighting, built-in indoor/outdoor sound system, select remote blinds, automatic sprinkler system, central vacuum and two laundry sets. Insulated garage with epoxy flooring and remote opener. Steps to Avenue Rd. shops and dining, top-rated schools, parks and TTC; near Yonge & Lawrence with easy Hwy. 401 access. A rare luxury home on a 150-ft. lot in one of Toronto's most desirable neighborhoods.
Estimate your monthly payments for this property
Estimated Payment
$14,543.93/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Bedford Park-Nortown
Bedford Park-Nortown is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Bedford Park-Nortown
- •Convenient location in Lawrence Park / Bedford Park
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Bedford Park-Nortown offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
383 Melrose Avenue, Lawrence Park / Bedford Park
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1644/sqft, this property is priced above the Lawrence Park average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 36 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Lawrence Park are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Lawrence Park.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Bedford Park-Nortown
I know Bedford Park-Nortown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.