247 Melrose Avenue, Toronto, ON
Bedford Park-Nortown, Toronto · MLS® C14085568
About this home
In short
- A home with beautiful character, room to grow, and tremendous potential - in a location that is hard to beat.
- The main floor is filled with beautiful details, including a beamed ceiling in the dining room, elegant beveled-glass doors opening to the living room, and gorgeous...
- With its wonderful original details and spacious layout, the home provides an inspiring foundation for a thoughtful renovation.
A home with beautiful character, room to grow, and tremendous potential - in a location that is hard to beat. This special home offers the kind of architectural character that is increasingly difficult to find, along with the opportunity to update and make it truly your own. The main floor is filled with beautiful details, including a beamed ceiling in the dining room, elegant beveled-glass doors opening to the living room, and gorgeous newer hardwood floors. The large, bright family room offers plenty of space for family life or entertaining. With its wonderful original details and spacious layout, the home provides an inspiring foundation for a thoughtful renovation. The kitchen, bathroom and mechanical systems are ready for updating, giving the next owner the opportunity to modernize the essentials while preserving the character and charm that make this home distinctive. The basement adds significant flexibility, with abundant storage and a partially finished room formerly used as a sewing workshop - ideal for hobbies, a home office, workshop or additional recreation. Existing plumbing also provides an excellent opportunity to create a second bathroom. And then there is the location: steps from Avenue Road and just minutes from Yonge Street, with an exceptional selection of boutique shops, restaurants, cafés, grocery stores and everyday conveniences all close at hand. Parkingis another welcome advantage, with a legally widened driveway accommodating one car, plus the mutual drive providing access to the rear, where a small car can also be parked. A character-filled home with beautiful architectural details, generous living space, abundant storage and exciting potential - all in a truly fabulous, walkable location.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C14085568
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 25.1 × 110.1 ft
- Cross streets
- Lawrence and Avenue
- Parking
- 2 parking
- Driveway
- Front Yard Parking, Mutual
- Basement
- Partially Finished
- Heating
- Water
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,511 / 2025
- Days on market
- 3
- Listing brokerage
- BOSLEY REAL ESTATE LTD.
Rooms
hardwood floor · closet · overlooks backyard
w/o to yard · large window
hardwood floor · french doors · large window
double sink · galley kitchen
hardwood floor · closet · overlooks backyard
hardwood floor · walk-in closet(s) · large window
hardwood floor · formal rm
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 readOn 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.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $1,024/sqft; this home lists at $1,076/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Bedford Park-Nortown, Toronto, ON
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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
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 $1,119,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,188
- Property tax
- $626
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,814
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,455
- Toronto municipal land transfer tax
- $24,455
- Estimated closing costs
- $48,910
Plus your down payment of $279,800. 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
- $371,295
- Principal paid down
- $136,746
- Interest paid
- $234,549
- Balance remaining
- $982,454
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 BOSLEY REAL ESTATE LTD.. MLS®/PropTx.