12 1/2 Melbourne Avenue, Toronto, ON
South Parkdale, Toronto · MLS® W13253004
About this home
Coveted red brick Victorian circa 1883 on beautiful tree-lined Melbourne Avenue. A true three-storey Old Toronto home with grand proportions, soaring ceilings, and preserved architectural character throughout - thoughtfully updated with modern mechanics and electrical. Approximately 2,300 square feet above grade, with ten-foot ceilings on the main floor, nine-foot ceilings on the second and an airy third level, with natural light brought into the entire home from a central skylit light well. Stately living and dining rooms seem made for special occasions and entertaining. Floor-to-ceiling bookcases and an elegant fireplace frame the living room, with French doors leading to the formal dining room. Period stained glass transoms remain above the front windows and entryway. The family-sized kitchen features a centre island with bar seating, stone countertops, generous pantry storage, and French door walkout. Newly landscaped rear patio offers an inviting setting for outdoor dining and entertaining, plus access to the hidden garden courtyard at Melbourne Place. Double doors lead to a wonderfully private primary suite with king-sized bedroom, his-and-hers closets including a walk-in, and newly renovated five-piece ensuite bath. Large second bedroom with Juliette balcony. Flexible third floor with casual living space, rooftop deck with city views, large bedroom, and updated full bath - ideal for family hangouts, work-from-home, or overnight guests. Notable features include hardwood flooring throughout, exceptional storage and closet space across all three levels, full unfinished basement with excellent ceiling height, brand new furnace (2026), updated electrical, and fresh paint throughout. Incredible walkable location that feels connected to the city - steps to excellent local schools, shops and restaurants along Queen West, Liberty Village, and the blossoming King & Dufferin neighbourhood. Just five minutes to the Lake Shore and Gardiner Expressway. A must see!
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- W13253004
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500
- Lot
- 18.17 × 75.5 ft
- Cross streets
- Queen and Dufferin
- Parking
- 0 parking
- Driveway
- None
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Stone
- Roof
- Asphalt Shingle, Flat
- Sewer
- Sewer
- Property tax
- $6,607 / 2026
- Days on market
- 42
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Rooms
Formal Rm
skylight · w/o to deck
double closet · juliette balcony
5 pc ensuite · walk-in closet(s) · his and hers closets
his and hers closets · 3 pc bath
stone counters · centre island · w/o to patio
fireplace · b/i bookcase · stained glass
Unfinished
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 fairIts public catchment (Alexander Muir/Gladstone Ave Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Dufferin St at Melbourne Ave is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Worth verifying
- Lifestyle
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 homesThis home lists 10% above the area average of $644/sqft.
32 days longer than the Toronto average (10 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
South Parkdale, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Dufferin St at Melbourne Ave, about 80 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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,279,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,826
- Property tax
- $551
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,377
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,455
- Toronto municipal land transfer tax
- $28,455
- Estimated closing costs
- $56,910
Plus your down payment of $319,800. 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
- $409,577
- Principal paid down
- $162,906
- Interest paid
- $246,671
- Balance remaining
- $1,116,294
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 PROFESSIONALS INC.. MLS®/PropTx.