67 days on Market

478 Melrose Ave, Toronto, Ontario M5M 1Z9

Detached
3 + 1
5
~2500-3000 sqft
$2,349,999
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Detached
3 + 1
5
~2500-3000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$861/sqft

Est. Mortgage$10,092/mo

Tax Amount (2024)$12,453/yr

Days On Market67 days


Description

Welcome to 478 Melrose Ave, a truly remarkable home in one of Torontos most desirable neighborhoods. This 3+1 bedroom, 5-bathroom residence combines luxury and modern design, offering an exceptional living experience for families and discerning buyers alike. Step inside to find spacious, light-filled interiors, highlighted by elegant finishes and thoughtful details.The open-concept main floor features a chefs kitchen with top-of-the-line stainless steel appliances, including a professional wall oven, a convection microwave, built-in refrigerator, and high-efficiency dishwasher. Custom cabinetry and a large central island make this space ideal for entertaining and everyday use. The living and dining areas flow seamlessly, creating a perfect environment for gatherings with a gas fireplace, while large windows and skylights fill the home with natural light.Upstairs, the three well-appointed bedrooms offer plenty of space and privacy. The primary suite is a luxurious retreat, featuring a walk-in closet and a spa-like ensuite bathroom with double vanities and a glass-enclosed shower. Each additional bedroom is generously sized, perfect for children or guests.A standout feature of this property is the beautifully designed in-law suite in the fully finished basement. With a separate entrance, its own kitchenette, and a full bathroom, this space is ideal for extended family, guests, or even as a rental opportunity. The flexibility of this suite makes it a valuable addition, offering potential income or extra space for larger families.Outside, the property boasts three convenient parking spacesa rare find in the city. The exterior is just as inviting, with a beautifully landscaped yard and a cozy outdoor area, perfect for summer barbecues or relaxing evenings.This home also includes top-end washer and dryer units, adding to its modern amenities.


Property Details

Style2-Storey
View-
Age of property6-15
SqFt~2500-3000 SqFt
Lot Size2,914 SqFt(112.25 x 25.96)
Parking Spaces3
MLS ®NumberC9397212
Community NameLedbury Park
Data SourceTRREB
Listing byREAL ESTATE HOMEWARD

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Fin W/O, Sep Entrance

2nd Floor

2nd Br

3.51 x 3.40

Hardwood Floor / B/I Closet / Pot Lights

3rd Br

3.35 x 2.94

Hardwood Floor / B/I Closet / Pot Lights

Prim Bdrm

3.72 x 4.41

Hardwood Floor / 5 Pc Ensuite / Walk Through


Features

Lot size: 2,914 SqFt

Parking

Garage spaces 2

Garage type Carport

Other parking spaces 1

Total parking spaces 3


Property listed by REAL ESTATE HOMEWARD, Brokerage

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Market Data - Ledbury Park

Strong Buyer's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

49 days

Compared to

2023

41 days

2022

19 days

2021

18 days

New Listings

Past 30 days

20 listings

Compared to

2023

19 listings

2022

8 listings

2021

7 listings

Units sold

Past 30 days

1 unit

Compared to

2023

4 units

2022

4 units

2021

3 units

Median Sold Price

Past 30 days

$2,080,000

Compared to

2023

$2,340,000

2022

$3,132,500

2021

$3,325,000


Population and Demographics

Overview

Total population 15543
Average household income $271,582

Age (%)

0 to 19
27%
50 to 64
21%
35 to 49
20%
65 and plus
18%
20 to 34
15%

Household composition (%)

Single family
68%
Single person
29%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
78%
Tagalog (Pilipino, Filipino)
6%
Others
3%
Mandarin
2%
Spanish
2%
Iranian Persian
1%
Russian
1%
Yue (Cantonese)
1%
Italian
1%

House tenancy (%)

Owners
66%
Renters
34%

Schools and amenities

Estimated Budget