403 Melrose Avenue, Toronto, ON
Bedford Park-Nortown, Toronto · MLS® C13872610
About this home
In short
- Welcome To 403 Melrose Avenue, A Never-Lived-In Residence Where Custom Details And Extraordinary Attention To Craftsmanship Are Evident Throughout.
- 10-Ft Main And 9-Ft Second-Flr Ceilings, Wire-Brushed American White Oak Herringbone Floors With Antique Brass Inlay, And Elegant Arched Openings.
- The Custom Two-Tone Kitchen Pairs Painted And White Oak Cabinetry With Polished Monte Canyon Quartzite, A Micro-Cement Hood Fan And Island Base, And Built-In Miele...
- Its Ensuite Offers His-And-Hers Showers, Custom White Oak Vanity, Italian Porcelain And Heated Floors.
- The Walkout Lower Level Offers Radiant Heated Floors, Rec Room, Wet Bar, Nanny Suite And Direct Garage Access.
Welcome To 403 Melrose Avenue, A Never-Lived-In Residence Where Custom Details And Extraordinary Attention To Craftsmanship Are Evident Throughout. Set On An Impressive 35 X 150 Ft Lot, A Depth Rarely Found In Midtown Toronto, It Offers A Heated Driveway, South-Facing Garden, 250 Sq Ft Composite Deck, And Walkout Lower Level. Every Room Reflects A Timeless Design, With Bespoke Millwork, Natural Stone And Carefully Considered Finishes. Offering 4+1 Bedrooms And 6 Bathrooms, The Home Features Approx. 10-Ft Main And 9-Ft Second-Flr Ceilings, Wire-Brushed American White Oak Herringbone Floors With Antique Brass Inlay, And Elegant Arched Openings. Large Windows And An Arteriors Chandelier Fill The Home With Light, While A Custom Foyer Bench And Arched Steel-And-Glass French Doors To The Living Rm/Office Highlight The Level Of Detail Throughout. The Custom Two-Tone Kitchen Pairs Painted And White Oak Cabinetry With Polished Monte Canyon Quartzite, A Micro-Cement Hood Fan And Island Base, And Built-In Miele Appliances. The Verias Green Marble Pantry Includes A Prep Sink, Beverage Fridge And Second Dishwasher. A Statement Wall-To-Ceiling Wood-Panelled Feature Wall With Integrated Art Niches Separates The Dining And Family Rooms. The Family Room Centres On A Three-Sided Linear Gas Fireplace With Custom Porcelain Façade. Upstairs, Every Bedroom Has Its Own Ensuite With In-Floor Heating. The Primary Suite Features Custom Built-Ins, An Electric Fireplace, Window Bench And Millwork Dressing Rm With Concealed Entry. Its Ensuite Offers His-And-Hers Showers, Custom White Oak Vanity, Italian Porcelain And Heated Floors. Children's Bedrooms Feature Wall-To-Wall Custom Built-Ins. The Walkout Lower Level Offers Radiant Heated Floors, Rec Room, Wet Bar, Nanny Suite And Direct Garage Access. Google Home Automation And Motorized Blinds Complete The Home. Vibrant And Accessible, With A Strong Sense Of Community And Close To Avenue Road And The 401. New Taxes Have Yet To Be Assessed.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13872610
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 6 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 35 × 150 ft
- Cross streets
- Avenue Rd & Lawrence Ave W
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $9,277 / 2026
- Days on market
- 12
- Listing brokerage
- MCCANN REALTY GROUP LTD.
Rooms
gas fireplace · w/o to patio · hardwood floor
window · hardwood floor · pot lights
b/i appliances · centre island · hardwood floor
window · overlooks family · hardwood floor
window · hardwood floor · 4 pc ensuite
picture window · b/i shelves · 3 pc ensuite
w/o to yard · hardwood floor · pot lights
picture window · b/i shelves · hardwood floor
window · hardwood floor · 4 pc ensuite
walk-in closet(s) · electric fireplace · 5 pc ensuite
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readThe 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.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,381/sqft; this home lists at $1,445/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesNeighbourhood & 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 19, 2026); conventional rates run a little higher.
Mortgage amount $3,756,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $20,768
- Property tax
- $773
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $21,541
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $103,850
- Toronto municipal land transfer tax
- $127,750
- Estimated closing costs
- $231,600
Plus your down payment of $939,000. 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
- $1,246,054
- Principal paid down
- $458,914
- Interest paid
- $787,140
- Balance remaining
- $3,297,086
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 MCCANN REALTY GROUP LTD.. MLS®/PropTx.