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Listed 11 days ago

46 Melrose Drive

105 - St. Davids, Niagara-on-the-Lake

$995,000

Detached|Bungalow
3 | 3 | 10
About this home

An exceptional Bevan Heights bungalow with an impressive 103 x 220 ft lot, offered at $995,000, 46 Melrose Drive presents an outstanding opportunity to secure a beautifully maintained home in one of Niagara's most sought-after neighbourhoods. Surrounded by executive homes, mature trees, and natural beauty, this property offers the space and privacy to enjoy today, with room to bring your vision to life over time. Offering over 2,200 sq. ft. on the main floor, the home features two spacious bedrooms, 1.5 bathrooms, generous principal rooms, and large windows that frame the surrounding greenery. Enjoy its comfortable, inviting layout as it is, introduce your own updates, or reimagine the spaces to suit your lifestyle. A fully finished lower-level in-law suite with an additional bedroom and bathroom adds flexibility for extended family, guests, or multi-generational living. The setting is what makes this opportunity truly special. A private walking trail winds through the tree-lined property, while the expansive backyard offers space to garden, entertain, and create your own outdoor retreat. Whether your vision includes relaxed bungalow living, bringing family together, or thoughtfully transforming a home in an established neighbourhood, there is an exceptional foundation at 46 Melrose Drive.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$7,312
Lot Size102.71 ft x 220.9 ft
mls© NumberX13881924
Listed ByRE/MAX NIAGARA REALTY LTD, BROKERAGE

Listing History

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

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$5,093
Property tax
$609
Heat allowance
$150
Housing costs
$5,852 / mo

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

Down payment20% · $199,000
25-yr amortization

Income needed

$180,000

gross annual household income

Payment at 4%
$4,187 / mo
Cash down
$199,000

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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