496 Melrose Ave

FOR SALE
$1,869,000
496 Melrose Ave, North York
496 Melrose Ave
496 Melrose Ave
496 Melrose Ave
496 Melrose Ave
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
6
ROOMS
C8308466
MLSID
Contact Us
Property Description
Incredible opportunity to live on a 'Prime Block' on Melrose Ave between Ledbury/Falkirk in sought after Avenue Road/Lawrence! Perfect for Builders, Renovators, Investors or End-Users. Build your new custom home or renovate. Live in a 3 bedroom 3 bathroom home with private inter-lock drive and beautifully landscaped yard in desirable Bedford Park community surrounded by Multi-Million dollar custom built homes! Measurements/Taxes To Be Verified By Buyer. This opportunity is not to be missed!!
Extras
A short walk to trendy Avenue Road Shops & Restaurants! Easy access to downtown & Hwy 401. Walk to Ledbury Park Public School & many Private Schools.
Nearby Intersections
Property Features
Library, Park, Place Of Worship, Public Transit, School, School Bus Route
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
30' x 107'
Fronting
North
Taxes
$5,983 (2023)
Basement
Unfinished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain13.12' x 20.01'Hardwood Floor, Fireplace, Bay Window
DiningMain10.50' x 13.78'Hardwood Floor, O/Looks Living, W/O To Garden
KitchenMain5.58' x 12.47'O/Looks Dining, O/Looks Garden, Tile Floor
FoyerMain4.92' x 5.25'Hardwood Floor, O/Looks Living
Prim Bdrm2nd15.42' x 11.48'W/I Closet, 4 Pc Bath, Broadloom
2nd Br2nd12.80' x 10.17'O/Looks Backyard, Closet Organizers, Broadloom
3rd Br2nd10.50' x 11.15'O/Looks Backyard, Large Window, Broadloom
North York Market Statistics
North York Price Trend
496 Melrose Ave is a 3-bedroom 3-bathroom home listed for sale at $1,869,000, which is $445,828 (31.3%) higher than the average sold price of $1,423,172 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in North York increased by $87,800 (6.6%) compared to the previous 30 day period (March 15 - April 13) and down $42,855 (2.9%) from the same time one year ago.
Inventory Change
There were 1,201 3-bedroom homes listed in North York over the last 30 days (April 14 - May 13), which is up 57.8% compared with the previous 30 day period (March 15 - April 13) and up 26.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in North York typically sold $75,399 (5.3%) above asking price over the last 30 days (April 14 - May 13), which represents a $7,486 decrease compared to the previous 30 day period (March 15 - April 13) and $110,072 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 (April 14 - May 13) stood at 45.6%, down from 83.8% over the previous 30 days (March 15 - April 13) and down from 69.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in North York stood at 13 days when successfully sold over the last 30 days (April 14 - May 13), compared to 32 days before being removed from the market upon being suspended or terminated.
Listing contracted with Rare Real Estate
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