403 Melrose Avenue, Toronto C04

Price: $4,695,000

5 bedrooms, 6 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: C13872610

Welcome To 403 Melrose Avenue, A Never-Lived-In Residence Where Custom Details And Extraordinary Attention To Craftsmanship Are Evident Throughout. Set On An Impressive 35 X 150 Ft Lot, A Depth Rarely Found In Midtown Toronto, It Offers A Heated Driveway, South-Facing Garden, 250 Sq Ft Composite Deck, And Walkout Lower Level. Every Room Reflects A Timeless Design, With Bespoke Millwork, Natural Stone And Carefully Considered Finishes. Offering 4+1 Bedrooms And 6 Bathrooms, The Home Features Approx. 10-Ft Main And 9-Ft Second-Flr Ceilings, Wire-Brushed American White Oak Herringbone Floors With Antique Brass Inlay, And Elegant Arched Openings. Large Windows And An Arteriors Chandelier Fill The Home With Light, While A Custom Foyer Bench And Arched Steel-And-Glass French Doors To The Living Rm/Office Highlight The Level Of Detail Throughout. The Custom Two-Tone Kitchen Pairs Painted And White Oak Cabinetry With Polished Monte Canyon Quartzite, A Micro-Cement Hood Fan And Island Base, And Built-In Miele Appliances. The Verias Green Marble Pantry Includes A Prep Sink, Beverage Fridge And Second Dishwasher. A Statement Wall-To-Ceiling Wood-Panelled Feature Wall With Integrated Art Niches Separates The Dining And Family Rooms. The Family Room Centres On A Three-Sided Linear Gas Fireplace With Custom Porcelain Façade. Upstairs, Every Bedroom Has Its Own Ensuite With In-Floor Heating. The Primary Suite Features Custom Built-Ins, An Electric Fireplace, Window Bench And Millwork Dressing Rm With Concealed Entry. Its Ensuite Offers His-And-Hers Showers, Custom White Oak Vanity, Italian Porcelain And Heated Floors. Children's Bedrooms Feature Wall-To-Wall Custom Built-Ins. The Walkout Lower Level Offers Radiant Heated Floors, Rec Room, Wet Bar, Nanny Suite And Direct Garage Access. Google Home Automation And Motorized Blinds Complete The Home. Vibrant And Accessible, With A Strong Sense Of Community And Close To Avenue Road And The 401. New Taxes Have Yet To Be Assessed.

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active
New Listing

$4,695,000 - 403 Melrose Avenue, Lawrence Park

Detached for Sale in Lawrence Park

New — Listed today

Neighbourhood: Bedford Park-Nortown

5Beds
6Baths
3,000 - 3,499Sq Ft
Detached

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Property Details
MLS Number
C13872610
Property Type
Detached
Status
active
Days on Site
0
Bedrooms
5
Bathrooms
6
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Lawrence Park / Bedford Park
Taxes (2026)
$9,277
Listing Brokerage
MCCANN REALTY GROUP LTD.
Description

Welcome To 403 Melrose Avenue, A Never-Lived-In Residence Where Custom Details And Extraordinary Attention To Craftsmanship Are Evident Throughout. Set On An Impressive 35 X 150 Ft Lot, A Depth Rarely Found In Midtown Toronto, It Offers A Heated Driveway, South-Facing Garden, 250 Sq Ft Composite Deck, And Walkout Lower Level. Every Room Reflects A Timeless Design, With Bespoke Millwork, Natural Stone And Carefully Considered Finishes. Offering 4+1 Bedrooms And 6 Bathrooms, The Home Features Approx. 10-Ft Main And 9-Ft Second-Flr Ceilings, Wire-Brushed American White Oak Herringbone Floors With Antique Brass Inlay, And Elegant Arched Openings. Large Windows And An Arteriors Chandelier Fill The Home With Light, While A Custom Foyer Bench And Arched Steel-And-Glass French Doors To The Living Rm/Office Highlight The Level Of Detail Throughout. The Custom Two-Tone Kitchen Pairs Painted And White Oak Cabinetry With Polished Monte Canyon Quartzite, A Micro-Cement Hood Fan And Island Base, And Built-In Miele Appliances. The Verias Green Marble Pantry Includes A Prep Sink, Beverage Fridge And Second Dishwasher. A Statement Wall-To-Ceiling Wood-Panelled Feature Wall With Integrated Art Niches Separates The Dining And Family Rooms. The Family Room Centres On A Three-Sided Linear Gas Fireplace With Custom Porcelain Façade. Upstairs, Every Bedroom Has Its Own Ensuite With In-Floor Heating. The Primary Suite Features Custom Built-Ins, An Electric Fireplace, Window Bench And Millwork Dressing Rm With Concealed Entry. Its Ensuite Offers His-And-Hers Showers, Custom White Oak Vanity, Italian Porcelain And Heated Floors. Children's Bedrooms Feature Wall-To-Wall Custom Built-Ins. The Walkout Lower Level Offers Radiant Heated Floors, Rec Room, Wet Bar, Nanny Suite And Direct Garage Access. Google Home Automation And Motorized Blinds Complete The Home. Vibrant And Accessible, With A Strong Sense Of Community And Close To Avenue Road And The 401. New Taxes Have Yet To Be Assessed.

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Estimated Payment

$20,767.57/mo

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5-yr fixed avg.

Principal: $3,756,000Interest: $2,474,271
Mortgage Amount$3,756,000
Total Interest$2,474,271
Est. Property Tax$3,326/mo
Total Cost$6,230,271

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.

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Neighbourhood Guide: Bedford Park-Nortown

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

403 Melrose Avenue, Lawrence Park / Bedford Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,200/mo
Range: $3,570 - $4,830
Cap Rate (ROI)
-0.0%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,200
Maintenance Fees-$0
Property Tax (est.)-$3,326
Insurance (est.)-$978
Net Cash Flow-$104

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1565/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Lawrence Park's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

Larger Home Realities

At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

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 6 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.

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    403 Melrose Avenue | $4,695,000 | Battaglia Team