238 Melrose Avenue, Toronto, ON
Lawrence Park North, Toronto · MLS® C13413268
About this home
Welcome to 238 Melrose - a newly built luxury residence set on an extra-deep 25 x 150 ft lot in the prestigious Lawrence Park North community. This exceptional home offers a seamless blend of modern design, high-end finishes, and thoughtful craftsmanship throughout. The interior showcases elegant painted MDF millwork and custom vanities along with curb less showers, complemented by stunning Taj Mahal natural stone surfaces and a striking gas fireplace feature wall. Floor-to-ceiling tile work enhances all washrooms, while the fully finished lower level is designed as a private wellness retreat, complete with a steam room, gym , and a 3-piece ensuite (gym can be used as a office or additional bedroom).Designed for both comfort and sophistication, the home features rich wood paneling, motorized blinds, customized window coverings, and illuminated open riser stairs with lights. The chef-inspired kitchen is equipped with premium Thermador appliances, perfect for everyday living and upscale entertaining. Smart home convenience is fully integrated with a Control4 system, along with built-in speakers on the main floor and in the primary bedroom, and a comprehensive security camera system surrounding the property. The exterior is equally impressive, featuring a durable epoxy-finished backyard and garage, a full glass garage door, and a grand solid mahogany entry door. Wrapped in timeless Windham brick and precast detailing, and complemented by sleek aluminum windows and doors, the home delivers outstanding curb appeal. A fiberglass fence provided both privacy and style. Enjoy outdoor living at its finest with a private backyard oasis, complete with a hot tub-perfect for relaxing or entertaining under the evening sky. This home comes with 2 car chargers. This turnkey luxury home offers an unparalleled lifestyle in one of the city's most sought-after neighborhoods. Please note the living room and basement photos are virtually staged.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13413268
- Bedrooms
- 6 (4 + 2)
- Bathrooms
- 6 (1 half)
- Size
- 1500-2000
- Lot
- 25 × 150 ft
- Cross streets
- East of Avenue Rd on Melrose
- Parking
- 1 garage · 2 parking (detached)
- Driveway
- Private, Right Of Way
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $13,902 / 2025
- Days on market
- 43
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
heated floor · heated floor
semi ensuite · hardwood floor · window floor to ceiling
5 pc ensuite · his and hers closets · window floor to ceiling
semi ensuite · hardwood floor · window
hardwood floor · b/i appliances · centre island
combined w/dining · window
3 Pc Ensuite
3 pc ensuite · tile floor
fireplace · w/o to patio · hardwood floor
3 pc ensuite · walk-in closet(s) · hardwood floor
combined w/living · hardwood floor · window floor to ceiling
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairOn schools, this address is zoned for Lawrence Park Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Melrose Avenue is about a 5-minute walk away.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homes42 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Lawrence Park North, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Melrose Avenue, about 368 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $2,816,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $15,027
- Property tax
- $1,159
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $16,186
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $74,475
- Toronto municipal land transfer tax
- $79,675
- Estimated closing costs
- $154,150
Plus your down payment of $704,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $901,633
- Principal paid down
- $358,618
- Interest paid
- $543,015
- Balance remaining
- $2,457,382
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.