387 Melrose Ave

FOR SALE
$1,750,000
387 Melrose Ave, North York
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
387 Melrose Ave
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5 + 1
ROOMS
C9373516
MLSID
Contact Us
Property Description
Your dream home journey starts here! Discover endless possibilities with this hidden gem on MelroseAve! Perfectly positioned near vibrant Avenue Road. This expansive 30x150 lot offers the idealfoundation for your dream home. Imagine designing a custom residence tailored to your tastes, withample space for lush gardens, a pool, or even an outdoor entertainment area. The existing bungalowawaits your visionary touch, ready to be transformed or reimagined entirely. Seize this rareopportunity to create a spectacular living space in a coveted neighborhood. Live now, Build later. New Roof-2022, Upgraded Plumbing Sewer System- 2021 Appliances-2022, Back Flat Valve- 2019 And Updated Boiler 2023.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-04 2024-09-30 88 $1,775,000 - Terminated
Extras
All existing light fixtures And window coverings. Hardwood floors and fireplace
Nearby Intersections
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, Rec Centre, School
Property Details
Property Type
Detached, Bungalow
Lot Size
30' x 150'
Fronting
South
Taxes
$7,167 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Radiant
Heat Source
Other
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain10.30' x 13.91'Hardwood Floor, Fireplace, Bay Window
DiningMain8.14' x 9.81'Hardwood Floor
KitchenMain7.78' x 8.17'Vinyl Floor, Eat-In Kitchen
Prim BdrmMain9.51' x 10.83'Hardwood Floor, 4 Pc Bath, Closet
RecBsmt12.80' x 19.00'Broadloom
LaundryBsmt6.23' x 9.19'Concrete Floor
North York Market Statistics
North York Price Trend
387 Melrose Ave is a 2-bedroom 2-bathroom home listed for sale at $1,750,000, which is $588,582 (50.7%) higher than the average sold price of $1,161,418 in the last 30 days (September 4 - October 3). During the last 30 days the average sold price for a 2 bedroom home in North York increased by $72,028 (6.6%) compared to the previous 30 day period (August 5 - September 3) and up $91,106 (8.5%) from the same time one year ago.
Inventory Change
There were 282 2-bedroom homes listed in North York over the last 30 days (September 4 - October 3), which is up 120.3% compared with the previous 30 day period (August 5 - September 3) and up 15.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in North York typically sold $15,821 (1.4%) above asking price over the last 30 days (September 4 - October 3), which represents a $11,873 increase compared to the previous 30 day period (August 5 - September 3) and $23,146 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in North York over the last 30 days (September 4 - October 3) stood at 37.2%, down from 71.9% over the previous 30 days (August 5 - September 3) and up from 35.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in North York stood at 14 days when successfully sold over the last 30 days (September 4 - October 3), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group-Admiral Realty Inc.
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