$1,859,000 - 320 Melrose Avenue, Lawrence Park
Detached for Sale in Lawrence Park
65 days on market- MLS Number
- C12998150
- Property Type
- Detached
- Status
- active
- Days on Site
- 65
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Fantastic Opportunity In Prime John Wanless Neighbourhood. Well Maintained And Thoughtfully Updated, This 2 Storey Family Home Awaits Its Next Owner. The Main Floor Offers Spacious Principal Living And Dining Rooms Featuring A Fireplace, Engineered Hardwood Floors, And An Abundance Of Natural Light, With A Walkout To A Generous Backyard With Deck, Flowing Effortlessly Into An Updated Eat-In Kitchen With Stainless Steel Appliances. Designed For Easy Entertaining And Everyday Living. Upstairs Features Your Primary Bedroom Alongside Two Additional Sizable Bedrooms And An Updated Bathroom. The Lower Level Offers A Separate Entrance And Additional Space For The Family To Relax, Along With Laundry. Ideally Located In A Highly Sought-After Neighbourhood With Top-Rated Schools Including John Wanless, Glenview, Lawrence Park CI, And Northern Secondary. Steps To Parks Including Old Orchard And Brookdale, With Excellent Transit And Easy Access To Avenue Road And Yonge Street Shops, Dining, And Everyday Conveniences. Not To Be Missed!
Estimate your monthly payments for this property
Estimated Payment
$8,222.98/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.
320 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 $1690/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.
Negotiation Opportunity
At 65 days on site, this property has exceeded the typical selling timeline for Lawrence Park. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $7,746 (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.