383 Melrose Avenue, Toronto, ON
Bedford Park-Nortown, Toronto · MLS® C13729824
About this home
In short
- Custom-built in 2022, this Bedford Park smart home offers approx.
- 2,500SF above grade on a 25 x 150 ft. lot, with 4+1 bedrooms, 5 bathrooms, a heated foyer, a custom powder room and a walk-up basement with direct garage access and a...
- Open-concept living/dining flows into a gourmet kitchen with high-quality porcelain countertops and an oversized porcelain island featuring a waterfall design and...
- Primary suite offers a custom electric fireplace/TV wall, organized walk-in closet and spa-inspired 5-piece ensuite with heated floors and smart toilet.
- Basement offers heated floors, a nanny bedroom, full bath, rec room with garden walkout, home-office potential and cold room.
Custom-built in 2022, this Bedford Park smart home offers approx. 2,500SF above grade on a 25 x 150 ft. lot, with 4+1 bedrooms, 5 bathrooms, a heated foyer, a custom powder room and a walk-up basement with direct garage access and a separate entrance. Quality finishes are enhanced by 10-ft. main-floor, 9-ft. upper-level and 11-ft. basement ceilings. Specialized bay windows in the living room, family room and one bedroom, multiple skylights, adjustable pot lights and fixtures provide abundant natural light. Open-concept living/dining flows into a gourmet kitchen with high-quality porcelain countertops and an oversized porcelain island featuring a waterfall design and extended breakfast bar. Premium Miele appliances include a 36-in. 6burner gas range, custom-paneled built-in fridge and freezer, speed oven, full-size oven and dishwasher. Family room features a gas fireplace, custom TV wall and walkout to a deck with BBQ grill overlooking the landscaped backyard. Primary suite offers a custom electric fireplace/TV wall, organized walk-in closet and spa-inspired 5-piece ensuite with heated floors and smart toilet. Basement offers heated floors, a nanny bedroom, full bath, rec room with garden walkout, home-office potential and cold room. Enjoy a snow-melt driveway, porch and stairs; premium interlocking and precast stone; natural front lawn; backyard artificial turf; and firepit with benches and integrated lighting. Smart-home features include security cameras, programmable front light fixture, backyard and soffit lighting, built-in indoor/outdoor sound system, select remote blinds, automatic sprinkler system, central vacuum and two laundry sets. Insulated garage with epoxy flooring and remote opener. Steps to Avenue Rd. shops and dining, top-rated schools, parks and TTC; near Yonge & Lawrence with easy Hwy. 401 access. A rare luxury home on a 150-ft. lot in one of Toronto's most desirable neighborhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13729824
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 25.03 × 150.27 ft
- Cross streets
- Avenue Road and Melrose Ave
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Separate Entrance, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $13,904 / 2026
- Days on market
- 49
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
walk-up · gas fireplace · above grade window
semi ensuite · window · closet
hardwood floor · window · open concept
semi ensuite · window · closet
juliette balcony · 5 pc bath · closet organizers
porcelain floor · closet · above grade window
3 pc ensuite · double closet · window
centre island · b/i appliances · breakfast bar
hardwood floor · bay window · combined w/dining
panelled · coffered ceiling(s) · closet
hardwood floor · window · closet
hardwood floor · gas fireplace · w/o to deck
Listed at $3,288,000. Going by how homes in Bedford Park-Nortown and the wider GTA have actually closed against their asking prices (about 97%, 27 local closings in 90 days), the likely sale price is near $3.20M, if it sells. A realistic range is $3.00M to $3.61M.
Independent value check: $2.80M. Without looking at the asking price, our model values the home itself about 15% below the ask (homes like it typically land between $2.63M and $2.94M).
Why $2.80M. The typical detached home sold in Bedford Park-Nortown over the past year went for about $2.58M (128 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $13,904 a year; the typical home sold here pays about $12,900.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it4+1 bedrooms and 5 baths, against 4+1 and 4 typically.
Longer on the market than typical. 49 days on the market against about 21 for homes like it here, and asking 17% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $3.20M, from 27 recent closings in this pocket.
The market behind the math:
About 2.1 months of inventory: 19 detached homes for sale in the area against 27 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,461/sqft against an area asking average of $1,201/sqft.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. In Bedford Park-Nortown basements rarely rent out (5 of 141 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 27 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.28M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The 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.
Based on 27 comparable homes that sold in Bedford Park-Nortown over the past two years, from 262 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,241/sqft; this home lists at $1,461/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Bedford Park-Nortown: $2.68M in September 2026, up 4% from a year ago, on 131 closings in 11 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $2.71M | 11 |
| November 2025 | $2.56M | 8 |
| December 2025 | $2.70M | 5 |
| February 2026 | $2.88M | 11 |
| March 2026 | $2.20M | 9 |
| April 2026 | $2.31M | 16 |
| May 2026 | $3.01M | 14 |
| June 2026 | $2.48M | 19 |
| July 2026 | $2.62M | 18 |
| August 2026 | $3.24M | 8 |
| September 2026 | $2.68M | 12 |
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.
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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $2,630,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,544
- Property tax
- $1,159
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,703
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $68,675
- Toronto municipal land transfer tax
- $71,555
- Estimated closing costs
- $140,230
Plus your down payment of $657,600. 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
- $872,636
- Principal paid down
- $321,386
- Interest paid
- $551,250
- Balance remaining
- $2,309,014
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
About the suite: in Bedford Park-Nortown basements rarely rent out (5 of 141 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 50 whole-home leases in Bedford Park-Nortown signed at a median of $8,292 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,935. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.