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New4 hours ago

43 Melrose Avenue

Lawrence Park North, Toronto

$1,399,900

Detached|2-Storey
4 | 3 | 2
About this home

Offered for the first time in over 60 years, this timeless Lawrence Park North residence presents a rare opportunity to own a classic Toronto home in one of the city's most established and sought-after neighbourhoods. Rich in character and showcasing enduring architecture, this four-bedroom, three-bathroom home sits on a deep, private lot just moments from excellent schools, parks, shopping, restaurants, transit and all the conveniences that make Lawrence Park North such an exceptional place to call home. A welcoming covered front porch sets the tone before stepping inside to a thoughtfully designed main floor featuring spacious principal rooms ideal for both everyday living and entertaining. The large living room, complete with a classic fireplace, flows seamlessly into the formal dining room, while the well-appointed kitchen offers excellent functionality and a walkout to the fully fenced outdoor living space with patio, creating the perfect setting for entertaining or relaxing. A family room off of the dining room adds additional space and functionality. The finished basement offers exceptional versatility with its separate side entrance, kitchenette, full bathroom and expansive finished living space, presenting outstanding development potential for an in-law suite, income opportunity or multi-generational living, subject to all required approvals. Four generously sized bedrooms provide comfortable accommodations for the entire family, including an impressive primary bedroom with walkout access to a charming private balcony. Blending original character with incredible potential, this cherished family home is ready for its next chapter in one of Toronto's most desirable neighbourhoods. Offers will be presented August 13th at 1:00pm.

Extras

No extras listed.

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No upcoming open houses.

Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$8,800
Lot Size26.53 ft x 149.4 ft
mls© NumberC13645092
Listed ByGordons Real Estate Brokerage

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$7,165
Property tax
$733
Heat allowance
$150
Housing costs
$8,049 / mo

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

Down payment20% · $279,980
25-yr amortization

Income needed

$248,000

gross annual household income

Payment at 4%
$5,891 / mo
Cash down
$279,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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