Detached House for sale at 516 Melrose Avenue, Toronto, Bedford Park-Nortown, M5M 2A2 - MLS: C12202852

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516 Melrose Avenue

Toronto, Ontario, M5M 2A2

$2,700,000

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Neighbourhood

Bedford Park-Nortown
Major Intersection

Avenue/Melrose

Listed Since: 1 day(s)
Last update: today

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Overview

Property Type

Detached, 2-Storey
Bedrooms

4
Bathrooms

4
Basement

Fin W/O
Kitchen

1
Total Parking

4 (2 Built-In Garage)
Lot Size

107x30 (Feet)
Taxes

$12,148.34 (2025)
Type

Freehold

Property description for 516 Melrose Avenue, Toronto, Bedford Park-Nortown, M5M 2A2

Welcome to Bedford Park Where Luxury Meets Lifestyle! Nestled in one of the most sought-after neighbourhoods, this exquisite home is ideally located between Ledbury & Falkirk, offering the perfect blend of tranquility & convenience. Just a short stroll from Avenue Road's vibrant shops & restaurants, Ledbury Park(outdoor pool & skating rink), top-rated schools, public transit, & Hwy 401. The location doesn't get better than this! Backyard Oasis - Step into your own private retreat! Enjoy sun-soaked summer days in the serene backyard featuring a sparkling inground pool w/hot tub. Entertain effortlessly with multiple seating areas, an awning/sunshade, & gas fireplace for cozy evenings under the stars. Elegant Interior- The main floor is filled with natural light, soaring ceilings, & hardwood floors throughout. Thoughtful touches included in this digital house include four zone Sonos speakers system with central amp letting you stream music anywhere in the home, pot lights, a welcoming living & dining area, a cozy family room with fireplace & walkout to the deck. The chefs kitchen is a true centerpiece with a large island perfect for entertaining. A stylish 2-pc powder room adds convenience on the main level. Second Floor - Skylights flood the space with sunlight. The primary suite is a luxurious retreat featuring walk-in closet with custom organizers, gas fireplace, & spa-inspired ensuite complete with separate steam shower & double-sink. Three additional bedrooms each offer built-in closet organizers & large sun-filled windows .Versatile Lower Level - The finished lower level includes a spacious rec room with gas fireplace, wall-to-wall built-in storage, beverage fridge, & laundry area. Direct walkout to the pool. Modern Comforts - Double-car garage with EV Tesla charger, Direct home access from garage, Generac generator for uninterrupted power. Don't miss the opportunity to own this exceptional home in one of Toronto's most desirable family-friendly communities.

Listed by REDFIN

Property details

MLS #

C12202852
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

Inground
Drive

Pvt Double
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Stucco/Plaster
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

Lower
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

C12202852
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

Inground
Drive

Pvt Double
Garage

Built-In, 2 spaces
Total Parking

4
Family Room

Y
Den

Y
Exterior

Stucco/Plaster
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

Lower
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

4.39 x 4.09 ft Main level

hardwood floor, Window, Combined W/Dining
Dining

4.09 x 3.48 ft Main level

hardwood floor, Window, Combined W/Living
Kitchen

4.17 x 3.37 ft Main level

Centre Island, Granite Counter, Stainless Steel Appl
Family

4.65 x 3.3 ft Main level

hardwood floor, Gas Fireplace, O/Looks Backyard
Breakfast

4.05 x 2.78 ft Main level

hardwood floor, Open Concept, W/O To Deck
Primary

6.06 x 4.38 ft 2nd level

hardwood floor, 4 Pc Ensuite, W/O To Balcony
2nd Br

4.17 x 3.08 ft 2nd level

hardwood floor, Closet, Window
3rd Br

3.76 x 3.11 ft 2nd level

hardwood floor, Closet, Window
4th Br

3.56 x 3.0 ft 2nd level

hardwood floor, Closet, Window
Rec

5.97 x 5.59 ft Bsmt level

Pot Lights, Gas Fireplace, Walk-Out

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History for 516 Melrose Avenue, Toronto, Bedford Park-Nortown, M5M 2A2

This property has been sold 5 times before.

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Local Real Estate Price Trends

Active listings

Average Selling Price of a Detached

May 2025

$5,299,326

Last 3 Months

$4,007,714

Last 12 Months

$4,535,739

May 2024

$8,330,935

Last 3 Months LY

$7,174,310

Last 12 Months LY

$5,601,972

Change

57%

Change

79%

Change

24%

Historical Average Selling Price of a Detached in Bedford Park-Nortown

Average Selling Price

3 years ago

$6,862,272

Average Selling Price

5 years ago

$9,082,485

Average Selling Price

10 years ago

$9,819,279

Change

29%

Change

71%

Change

85%

Number of Detached Sold

May 2025

Last 3 Months

Last 12 Months

May 2024

Last 3 Months LY

Last 12 Months LY

Change

73%

Change

-16%

How many days Detached takes to sell (DOM)

May 2025

Last 3 Months

Last 12 Months

May 2024

Last 3 Months LY

Last 12 Months LY

Change

-67%

Change

-55%

Change

-40%

Average Selling price

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.