Detached House for sale at 296 Melrose Street, Toronto, Ontario, M8Z 1G6 - Mimico - MLS: W12244506

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296 Melrose Street

Toronto, Ontario, M8Z 1G6 - Mimico

$1,699,000

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Neighbourhood

Mimico
Major Intersection

Carnarvon Ave & Evans Ave

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

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Overview

Property Type

Detached, 2-Storey
Bedrooms

3 + 1
Bathrooms

4
Basement

Apartment + Finished
Kitchen

1 + 1
Total Parking

4 (1 Detached Garage)
Lot Size

25x125 (Feet)
Taxes

$6,144.00 (2024)
Type

Freehold

Property Description

Property description for 296 Melrose Street, Toronto

Welcome To 296 Melrose Street, Nestled In The Highly Sought-After Community Of Mimico Just Minutes From Downtown Toronto. This Fully Rebuilt Detached Home (2013) Offers 3+1 Bedrooms, 4 Bathrooms, And Offers 1,744 Sqft Of Stylish Living Space + The Finished Basement. The Main Level Features An Open Concept Design With A Spacious Living And Dining Area, A Modern Kitchen With Built-In Appliances, Breakfast Bar, And A Convenient 2-Piece Bath. Upstairs, The Primary Suite Includes A 4-Piece Ensuite And Double Closets, While Two Additional Bedrooms And A Main 4-Piece Bath Complete This Level. The Dug-Down Lower Level With 9-Foot Ceilings, Above-Grade Windows, And A Separate Entrance Offers A Self-Contained In-Law Suite Featuring A Living Room, Kitchen, Bedroom, And Full Bath Easily Convertible To A Legal Income Suite **Potential Income Of $2100/Month**. Outside, Enjoy A Private, Fully Fenced Backyard Surrounded By Mature TreesA Rare Find In The City. The Detached One-Car Garage And Driveway Parking For Three More Vehicles Add Practical Value. Located Steps From Shops, TTC, Mimico GO, Parks, And Schools, This Turnkey Property Offers The Perfect Balance Of Modern Comfort And Urban ConvenienceWith Nothing Left To Do But Move In And Enjoy.

Listed by KELLER WILLIAMS REAL ESTATE ASSOCIATES

Property details

MLS #

W12244506
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Detached, 1 spaces
Total Parking

4
Family Room

N
Den

N
Exterior

Stucco/Plaster
Fireplace

N
Roof

Asphalt Shingle
Foundation

Unknown
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 #

W12244506
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Detached, 1 spaces
Total Parking

4
Family Room

N
Den

N
Exterior

Stucco/Plaster
Fireplace

N
Roof

Asphalt Shingle
Foundation

Unknown
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

4.11 x 5.16 ft Main level

hardwood floor, Large Window, O/Looks Frontyard
Dining

4.52 x 3.25 ft Main level

Open Concept, hardwood floor, Pot Lights
Kitchen

3.81 x 4.7 ft Main level

hardwood floor, Granite Counter, B/I Appliances
Primary

5.41 x 4.55 ft 2nd level

4 Pc Ensuite, Double Closet, Pot Lights
Br

3.35 x 3.15 ft 2nd level

hardwood floor, Closet
Br

3.35 x 3.81 ft 2nd level

hardwood floor, Closet
Living

2.51 x 5.23 ft Bsmt level

Laminate, Above Grade Window, Open Concept
Kitchen

2.41 x 3.2 ft Bsmt level

Laminate, Open Concept, Combined W/Living
Br

2.54 x 3.66 ft Bsmt level

Laminate, W/I Closet, Above Grade Window

Contact Manoj Kukreja

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

Property History

Property history for 296 Melrose Street, Toronto

This property has been sold 6 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Local Real Estate Price Trends for Detached in Mimico

Active listings

Average Selling Price of a Detached

May 2025

$1,143,221

Last 3 Months

$1,269,407

Last 12 Months

$1,441,334

May 2024

$1,301,667

Last 3 Months LY

$1,240,909

Last 12 Months LY

$1,361,170

Change

-12%

Change

Historical Average Selling Price of a Detached in Mimico

Average Selling Price

3 years ago

$1,390,000

Average Selling Price

5 years ago

$1,102,600

Average Selling Price

10 years ago

$805,175

Change

-18%

Change

42%

Number of Detached Sold

May 2025

Last 3 Months

Last 12 Months

May 2024

Last 3 Months LY

Last 12 Months LY

Change

11%

Change

-27%

Change

-12%

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

114%

Change

118%

Change

54%

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.