$1,965,000 - 547 Melrose Avenue, Lawrence Park
Detached for Sale in Lawrence Park
Neighbourhood: Bedford Park-Nortown
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- MLS Number
- C13793344
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Taxes (2025)
- $7,988
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Turnkey Bedford Park Living At An Exceptional Entry Point. Welcome To 547 Melrose Ave, A Move-In-Ready Family Home Set On A Generous Lot On A Fantastic, Family-Friendly Street. This Is An Incredible Opportunity To Get Into One Of Toronto's Most Sought-After Neighbourhoods Without Sacrificing The Comfort And Convenience Of A Finished Home. Bright, Updated Interiors Offer An Easy, Functional Layout With Three Bedrooms, Multiple Bathrooms, A Stylish Kitchen With Centre Island, Finished Lower Level With Recreation Room And Wet Bar, And Plenty Of Space For Everyday Family Life. Outside, Enjoy A Large Fenced Backyard With Deck And Lawn, A Private Four-Car Driveway, Plus A Detached One-Car Garage. Located In The Heart Of Bedford Park, Surrounded By Excellent Schools, Parks, Shops, Restaurants And Neighbourhood Amenities. A Rare Combination Of Turnkey Condition, A Big Lot, A Great Street And An Attainable Entry Point Into An Outstanding Family Community. Move In Now And Enjoy Everything Bedford Park Has To Offer.
Estimate your monthly payments for this property
Estimated Payment
$8,691.86/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.
547 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 $2807/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 21 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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.