401 Melrose Ave, Toronto, Ontario M5M 1Z6

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!

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').