$2,399,000 - 526 Melrose Avenue, Lawrence Park
Detached for Sale in Lawrence Park
New — Listed 4 days ago- MLS Number
- C13225514
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
An Unbelievable Opportunity in the Heart of Bedford Park. This 4+1 Bedroom, 4 Bathroom Home has Undergone Extensive Renovations (See Complete List of Upgrades and Renovations Attached to Listing). A Spacious Open Concept Living Room with a Large Window letting in Tons of Natural Light. A Chef's Inspired Kitchen, Complete with KitchenAid Appliances and Plenty of Storage, Complete with A Centre Island. Family Room complete with a Wet Bar, Wine Rack, and a Gas Fireplace. The Primary Bedroom features a Large W/I Closet, and an Updated Ensuite Bathroom. The Other 3 Bedrooms are Generous in Size, and all Closets come Complete with Closet Organizers. The Lower Level Offers Direct Access to the Garage, an Office/Bedroom, and Plenty of Space for your Whole Family to Enjoy. The Backyard is the Perfect Place to Unwind and Enjoy, with Tons of Greenery and Privacy. Steps to Ledbury Park and School, and perfectly located between Avenue Road and Bathurst Street. Don't Miss Out on this Incredible Family Home in Bedford Park.
Estimate your monthly payments for this property
Estimated Payment
$10,611.59/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.
526 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 $1599/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Lawrence Park's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 5 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 4 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 $9,996 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.