$3,520,000 - 238 Melrose Avenue, Lawrence Park
Detached for Sale in Lawrence Park
Popular Listing- MLS Number
- C13413268
- Property Type
- Detached
- Status
- active
- Days on Site
- 8
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- RE/MAX WEST REALTY INC.
Welcome to 238 Melrose - a newly built luxury residence set on an extra-deep 25 x 150 ft lot in the prestigious Lawrence Park North community. This exceptional home offers a seamless blend of modern design, high-end finishes, and thoughtful craftsmanship throughout. The interior showcases elegant painted MDF millwork and custom vanities along with curb less showers, complemented by stunning Taj Mahal natural stone surfaces and a striking gas fireplace feature wall. Floor-to-ceiling tile work enhances all washrooms, while the fully finished lower level is designed as a private wellness retreat, complete with a steam room, gym , and a 3-piece ensuite (gym can be used as a office or additional bedroom).Designed for both comfort and sophistication, the home features rich wood paneling, motorized blinds, customized window coverings, and illuminated open riser stairs with lights. The chef-inspired kitchen is equipped with premium Thermador appliances, perfect for everyday living and upscale entertaining. Smart home convenience is fully integrated with a Control4 system, along with built-in speakers on the main floor and in the primary bedroom, and a comprehensive security camera system surrounding the property. The exterior is equally impressive, featuring a durable epoxy-finished backyard and garage, a full glass garage door, and a grand solid mahogany entry door. Wrapped in timeless Windham brick and precast detailing, and complemented by sleek aluminum windows and doors, the home delivers outstanding curb appeal. A fiberglass fence provided both privacy and style. Enjoy outdoor living at its finest with a private backyard oasis, complete with a hot tub-perfect for relaxing or entertaining under the evening sky. This home comes with 2 car chargers. This turnkey luxury home offers an unparalleled lifestyle in one of the city's most sought-after neighborhoods. Please note the living room and basement photos are virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$15,570.15/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
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.
238 Melrose Avenue, Lawrence Park / Bedford Park
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $2347/sqft, this property is priced above the Lawrence Park average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Lawrence Park.
Bathroom Count Matters
With 6 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.
Investment Perspective
Looking at this as an investment: Lawrence Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $14,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.