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Listed 12 days ago

547 Melrose Avenue

Bedford Park-Nortown, Toronto

$1,980,000

Detached|2-Storey
3 | 3 | 5
About this home

Welcome to 547 Melrose Ave, Spectacular fully renovated inside & out, with pulled permit and passed inspections, in the highly coveted neighborhood of Bedford park- Nortown. Hardwood flooring throughout the house. The open concept dining area flows Seamlessly in to a well equipped kitchen. stunning white designer Kitchen with featuring Built-in Pantry, Gas cooktop, Double door stacked oven, Custom made canopy hood, Island for casual dining with skylight that baths the space in natural light, over looking the lush and private backyard. Finish basement with separate entrance extends your living space with a recreation room ,additional kitchen, a convenient laundry room and 3 piece bathroom. This property includes a single car garage with additional parking space for several more vehicles. Easy access to parks, schools, shops , restaurants, Subway, TTC and 401 highway. Experience an exceptional opportunity to live on a prime stretch of Melrose Ave.

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$8,256
Lot Size40 ft x 107 ft
mls© NumberC13598162
Listed ByCENTURY 21 HERITAGE GROUP LTD.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$10,135
Property tax
$688
Heat allowance
$150
Housing costs
$10,973 / mo

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

Down payment20% · $396,000
25-yr amortization

Income needed

$338,000

gross annual household income

Payment at 4%
$8,332 / mo
Cash down
$396,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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