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New7 hours ago

515 Melrose Avenue

Bedford Park-Nortown, Toronto

$3,099,000

Detached|2-Storey
4 | 5 | 6
About this home

Welcome to this modern detached residence in the heart of Bedford Park, ideally located near Toronto's prestigious private schools, shops, restaurants, banks, major highways, and convenient routes to downtown.Offering approximately 3,250 sq. ft. of living space, the home features a clean, modern aesthetic with a well-planned layout that balances style, practicality, and storage. The second floor offers 4 spacious bedrooms and a Miele-equipped laundry room. The main level features a sleek kitchen with premium Miele and Bosch appliances, a high-end stone kitchen island and Dornbracht faucet, complemented by bright living and dining spaces, built-in storage, and a walkout to the landscaped backyard.The finished basement adds flexibility with 2 additional bedrooms, a second kitchen, its own laundry room, a separate entrance, and walkout to the backyard-ideal for extended family or guests.Extensively updated in 2021, including a new driveway, double French drain system, exterior waterproofing, and extensive interior and exterior improvements. The property also features well-maintained landscaping and thoughtfully utilized outdoor space.A move-in-ready Bedford Park home offering modern finishes, generous living space, and practical features for everyday family living.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$10,152
Lot Size40 ft x 107 ft
mls© NumberC13703100
Listed ByMASTER`S TRUST REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$15,862
Property tax
$846
Heat allowance
$150
Housing costs
$16,858 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $619,800
25-yr amortization

Income needed

$519,000

gross annual household income

Payment at 4%
$13,041 / mo
Cash down
$619,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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