401 Melrose Avenue
Toronto C04, ON
- 4 bed
- 3 bath
- approx. 1500-2000 sqft
- Detached
- 184 days on market
Surrounded by beautiful custom homes, this well-maintained 3 bedroom raised bungalow presents a rare opportunity to secure space, setting, and future architectural potential in established Bedford Park. Located in the highly coveted neighbourhood of Avenue Road & Lawrence, this property sits on a premium 35 x 150 ft south-facing deep lot, offering exceptional lifestyle, flexibility, and future vision in one of Toronto's most sought-after family-friendly communities. Set along tree-lined streets in a walkable neighbourhood close to top-ranked public and private schools, this is a location that continues to define & retain value. The main level features approximately 1,515 sq ft with three generous sized bedrooms, hardwood flooring, bright open living and dining areas, and two bathrooms including a convenient 2-piece ensuite. Large picture windows fill the home with natural light, creating a warm and inviting space ideal for everyday living and entertaining. A rare built-in double car garage with ample driveway parking for 6 cars add ultra convenience & storage. The finished walk-out basement with separate entrance offers outstanding versatility, complete with an eat-in kitchen, 3 piece washroom, recreation space & fireplace with potential for multi-generational living, caregivers, or in-law suite. Endless possibilities**Move in and enjoy as-is, renovate, or explore the property's expansion and modernization potential. The rare 35 ft frontage and substantial depth provide an ideal foundation for a custom architectural transformation or second-storey addition. **A conceptual front façade rendering photo included for illustration purposes only, showcasing how the existing footprint could be elevated into a modern two-storey design (subject to approvals)**. Unparalled location, steps to Avenue Road's renowned restaurants, shops, top schools, transit, minutes to Hwy 401, Don Valley Golf Course, and premier private clubs. Survey Available!
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $9,026
- Listed
- March 2, 2026
Price History
Property
- Style
- Bungalow-Raised
- Construction
- Brick, Stone
- Roof
- Asphalt Shingle, Shingles
- Foundation
- Unknown
- Interior
- Central Vacuum, Primary Bedroom - Main Floor
- Lot Size
- 35.41 x 150.32 Feet
Parking
- Garage
- Built-In
- Covered Spaces
- 2
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Avenue & Lawrence
- Possession
- Flexible
- Occupancy
- Partial
Included
- Inclusions
- All existing appliances including fridge, stove, washer and dryer; CVAC rough-in; all existing electric light fixtures; all window coverings; roof reshingled (2023); A/C (2022); hot water tank rental ($30/month) including furnace protection plan paid Dec 2025-Dec 2026; rear custom-built shed (approx. 10' x 12').
- Exclusions
- Front exterior light camera
- Rental Items
- hot water tank rental ($30/month)
Schools
Elementary
- Bannockburn Public School0.5 km
Public · Toronto DSB · 55 students
- Ledbury Park Elementary and Middle School0.5 km
Public · Toronto DSB · 485 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 51% met the provincial standard
- John Wanless Junior Public School0.7 km
Public · Toronto DSB · 600 students
Grade 3 reading: 93% met the provincial standard · Grade 6 math: 79% met the provincial standard
Secondary
- Lawrence Park Collegiate Institute1.1 km
Public · Toronto DSB · 1255 students
Grade 10 literacy: 96% met the provincial standard
- Loretto Abbey Catholic Secondary School1.5 km
Catholic · Toronto CDSB · 685 students
Grade 10 literacy: 89% met the provincial standard
- John Polanyi Collegiate Institute2 km
Public · Toronto DSB · 500 students
Grade 10 literacy: 72% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M5M
- Population
- 25,495
- Private dwellings
- 9,726
- Median age
- 43.2
- Average household size
- 2.8
- Median household income
- $164,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Toronto C04 · last 12 months
- Median sold price
- $1,925,000
- Homes sold
- 706
- Median days on market
- 16
- Sale-to-list price
- 97.2%
Based on 706 recorded sales of residential freehold properties in Toronto C04 over the last 12 months.
Rooms
4-piece on Main, 2-piece on Main, 3-piece on Basement
Main
- Bedroom 212'10" x 10'10"
- Bedroom 312'6" x 8'10"
- Breakfast10'4" x 8'10"
- Dining Room12'10" x 12'6"
- Kitchen10'2" x 8'10"
- Living Room16'6" x 12'6"
- Primary Bedroom13'11" x 12'6"
Basement
- Cold Room/Cantina8'9" x 6'8"
- Dining Room12'2" x 11'6"
- Kitchen13'1" x 12'4"
- Recreation24'11" x 13'1"
- Utility Room13' x 12'10"
Listed by
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Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$378,000
Estimated Monthly Payment
$9,285
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $9,285/mo (20% down, 5.5%)
Taxes: $752/mo · Insurance: $473/mo
Estimates only. Consult a financial advisor.
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