483 Melrose Avenue, Toronto, ON
Bedford Park-Nortown, Toronto · MLS® C13506412
About this home
A rare opportunity to build the home you've always dreamed of, set on a sought-after 34 x 107 ft corner lot in the heart of Ledbury Park! This property is a excellent opportunity for builder's and renovator's alike, and perfect for the buyer who values location, lifestyle, and the freedom to create something truly their own. This solid detached home comes complete with a detached garage, offering the space, flexibility, and street presence to bring your vision to life. Whether you envision renovating to suit your taste or starting fresh and building from the ground up, the possibilities are endless. The surrounding area is what truly sets this opportunity apart. In catchment for coveted schools like Ledbury Park School and just steps to Ledbury Park itself, one of the area's most loved community spaces, complete with a skating rink and outdoor pool. Avenue Road's beloved boutique shops, cafes, and local dining favourites sit right at your doorstep. Quick access to Lawrence Subway Station, HWY 401, and easy downtown commutes makes everyday life that much smoother. A rare chance to plant roots in a vibrant community where every street tells a story. Do not let this one pass you by!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13506412
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 700-1100
- Lot
- 34.42 × 107 ft
- Cross streets
- Avenue Road & Melrose Avenue
- Parking
- 1 garage · 2 parking (detached)
- Driveway
- Private
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick, Vinyl Siding
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $7,642 / 2026
- Days on market
- 21
- Listing brokerage
- REAL BROKER ONTARIO LTD.
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 fairThe assigned public school is Ledbury Park Elementary and Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
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 6-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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Corner lot: more light and frontage, sometimes at the cost of privacy.
- Value driver
- Weigh carefully
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 33% above the area average of $1,208/sqft.
20 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Bedford Park-Nortown, 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 489 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
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 $1,160,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,190
- Property tax
- $637
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,827
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,475
- Toronto municipal land transfer tax
- $25,475
- Estimated closing costs
- $50,950
Plus your down payment of $290,000. 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
- $371,411
- Principal paid down
- $147,726
- Interest paid
- $223,685
- Balance remaining
- $1,012,274
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 REAL BROKER ONTARIO LTD.. MLS®/PropTx.