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 Ave, a truly remarkable home in one of Torontos most desirable neighborhoods. This 3+1 bedroom, 5-bathroom residence combines luxury and modern design, offering an exceptional living experience for families and discerning buyers alike. Step inside to find spacious, light-filled interiors, highlighted by elegant finishes and thoughtful details.The open-concept main floor features a chefs kitchen with top-of-the-line stainless steel appliances, including a professional wall oven, a convection microwave, built-in refrigerator, and high-efficiency dishwasher. Custom cabinetry and a large central island make this space ideal for entertaining and everyday use. The living and dining areas flow seamlessly, creating a perfect environment for gatherings with a gas fireplace, while large windows and skylights fill the home with natural light.Upstairs, the three well-appointed bedrooms offer plenty of space and privacy. The primary suite is a luxurious retreat, featuring a walk-in closet and a spa-like ensuite bathroom with double vanities and a glass-enclosed shower. Each additional bedroom is generously sized, perfect for children or guests.A standout feature of this property is the beautifully designed in-law suite in the fully finished basement. With a separate entrance, its own kitchenette, and a full bathroom, this space is ideal for extended family, guests, or even as a rental opportunity. The flexibility of this suite makes it a valuable addition, offering potential income or extra space for larger families.Outside, the property boasts three convenient parking spacesa rare find in the city. The exterior is just as inviting, with a beautifully landscaped yard and a cozy outdoor area, perfect for summer barbecues or relaxing evenings.This home also includes top-end washer and dryer units, adding to its modern amenities.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 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
Located near top-rated schools and vibrant shopping, this home offers convenience for families. Recent upgrades include a new roof, a new washer and dryer, and an owned hot water tank, ensuring comfort and modern amenities for years to come
Nearby Intersections
Avenue & Lawrence (119)
Bathurst & Lawrence (123)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
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 $1,014,340 (75.9%) higher than the average sold price of $1,335,659 in the last 30 days (October 27 - November 25). During the last 30 days the average sold price for a 3 bedroom home in North York increased by $17,191 (1.3%) compared to the previous 30 day period (September 27 - October 26) and up $95,004 (7.7%) from the same time one year ago.Inventory Change
There were 795 3-bedroom homes listed in North York over the last 30 days (October 27 - November 25), which is down 19.8% compared with the previous 30 day period (September 27 - October 26) and up 9.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold ($4,898) (0.4%) below asking price over the last 30 days (October 27 - November 25), which represents a $10,791 decrease compared to the previous 30 day period (September 27 - October 26) and ($2,620) 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 3-bedroom homes in North York over the last 30 days (October 27 - November 25) stood at 70.1%, up from 61.8% over the previous 30 days (September 27 - October 26) and up from 56.4% 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 19 days when successfully sold over the last 30 days (October 27 - November 25), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Estate Homeward
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