478 Melrose Ave
Bedford Park-Nortown, North York, M5M 1Z9
FOR SALE
$2,349,999
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BEDROOMS5
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Property Description
Welcome to 478 Melrose Avenue, a unique and stunning family home that offers the perfect balance of elegance, comfort, and functionality. Located in one of Torontos most desirable neighborhoods, this property is a rare gem that caters to families, professionals, and investors alike.Step inside and be greeted by expansive living spaces that are perfect for family gatherings and entertaining. The open-concept layout flows seamlessly, creating a welcoming atmosphere enhanced by abundant natural light streaming through large windows and thoughtfully placed skylights. Every room is bright, airy, and designed to maximize comfort and style.The home features five well-appointed bathrooms, ensuring convenience for larger families or guests. Each space has been carefully crafted to provide a sense of luxury while maintaining practicality for day-to-day living.One of the standout features of this property is the versatile basement, which comes with its own separate entrance. This space offers endless possibilities, whether you envision it as a rental apartment, in-law suite, or a private retreat for extended family. The flexibility of this feature makes the home ideal for those seeking additional income potential or multi-generational living.In a city where parking is a premium, this property offers a rare three-car parking solution, ensuring convenience and peace of mind. Whether you have multiple vehicles or frequently host guests, youll never need to worry about finding space.Situated on a quiet, family-friendly street, 478 Melrose Ave provides easy access to top-rated schools, boutique shops, gourmet dining, and green spaces. Public transit and major highways are also nearby, making commuting a breeze while keeping the vibrancy of the city within reach.This home truly has it all: a prime location, stunning natural light, spacious interiors, and endless potential. Don't miss this opportunity to own a property that checks every box!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-15 | 2024-12-24 | 70 | $2,349,999 | - | Expired |
| 2024-09-26 | 2024-10-15 | 19 | $2,349,999 | - | Terminated |
| 2023-05-30 | 2023-06-05 | 6 | $2,088,000 | $2,388,000 | Sold |
Extras
Custom remote-operated blinds, direct access from parking to the interior, abundant storage, a wired sound system, gas BBQ hookup on back deck, front patio, new roof (2023), owned hot water tank, and washer/dryer (2023)! Top End Appliances!
Nearby Intersections
Avenue & Lawrence (75)
Bathurst & Lawrence (87)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
26' x 112'
Fronting
South
Taxes
$12,453 (2024)
Basement
Fin W/O, Sep Entrance
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Pvt Double
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 13.09' x 11.55' | Breakfast Area, Hardwood Floor, B/I Appliances |
| Living | Main | 12.93' x 15.22' | Hardwood Floor, Recessed Lights, Picture Window |
| Dining | Main | 11.68' x 20.83' | Hardwood Floor, Open Concept |
| Family | Main | 13.25' x 11.94' | Hardwood Floor, Gas Fireplace, W/O To Patio |
| Prim Bdrm | 2nd | 14.47' x 12.20' | Hardwood Floor, 5 Pc Ensuite, Walk Through |
| 2nd Br | 2nd | 11.15' x 11.52' | Hardwood Floor, B/I Closet, Pot Lights |
| 3rd Br | 2nd | 9.65' x 10.99' | Hardwood Floor, B/I Closet, Pot Lights |
| Exercise | Bsmt | 11.32' x 14.50' | Hardwood Floor, 2 Pc Bath, Above Grade Window |
| Rec | Bsmt | 11.15' x 14.60' | Hardwood Floor, Open Concept, Above Grade Window |
| 4th Br | Bsmt | 14.07' x 11.55' | Hardwood Floor, 4 Pc Ensuite, Above Grade Window |
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North York Market Statistics
North York Price Trend
478 Melrose Ave is a 3-bedroom 5-bathroom home listed for sale at $2,349,999, which is $1,150,782 (96.0%) higher than the average sold price of $1,199,217 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 3 bedroom home in North York declined by $84,503 (6.6%) compared to the previous 30 day period (November 18 - December 17) and down $50,805 (4.1%) from the same time one year ago.Inventory Change
There were 300 3-bedroom homes listed in North York over the last 30 days (December 18 - January 16), which is down 37.5% compared with the previous 30 day period (November 18 - December 17) and up 39.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold ($12,463) (1.0%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,759 decrease compared to the previous 30 day period (November 18 - December 17) and ($30,228) more 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 3-bedroom homes in North York over the last 30 days (December 18 - January 16) stood at 68.3%, down from 104.2% over the previous 30 days (November 18 - December 17) and down from 100.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in North York stood at 37 days when successfully sold over the last 30 days (December 18 - January 16), compared to 75 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Estate Homeward
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