$7,300/mo - 150 Melrose Avenue Unit (FURNISHED), Lawrence Park
Detached for Rent in Lawrence Park
- MLS Number
- C13149420
- Property Type
- Detached
- Status
- active
- Days on Site
- 27
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Most desirable family neighbourhood! Located in the coveted John Wanless, Glenview & Lawrence Park school catchments, this beautifully maintained home is just steps to Yonge & Lawrence. Bright and spacious with an excellent layout, it features hardwood floors throughout on main and 2nd floor, an open-concept family and dining room, pot lights and 2 pc powder room. The modern kitchen offers quartz counters, peninsula island, built-ins, ample storage, and overlooks the fully fenced, landscaped backyard with a large deck and mature trees. Upstairs features 3 spacious bedrooms, including a primary bedroom with a walk-in closet, plus a 4-piece bathroom with heated floors. The finished basement with radiant heated floors and laminate flooring includes a 4th bedroom, recreation room, 3-piece bath, and a large laundry room with a side entrance. Beautiful front landscaping with a widened driveway and parking for one vehicle. Ideally located just a 10-minute walk to the subway, with easy access to Avenue Road, Yonge Street shops and restaurants, and Highway 401. A fantastic opportunity to lease a move-in-ready home in one of Toronto's most sought-after neighbourhoods.
Discover Lawrence Park / Bedford Park
Lawrence Park / Bedford Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Lawrence Park / Bedford Park
- •Convenient location in Lawrence Park / Bedford Park
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Lawrence Park / Bedford Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
150 Melrose Avenue Unit (FURNISHED), Lawrence Park / Bedford Park
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $7,300/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Lawrence Park. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 27 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Lawrence Park are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Lawrence Park. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.