238 Melrose Ave
Lawrence Park North, Toronto, Ontario M5M 1Z1
- Bedrooms
- 4+1
- Bathrooms
- 6
- Size
- 1,500–2,000sq ft
- Per sq ft
- $1,940at the range’s middle
- Lot
- 25 x 150 ft
- Tax a year
- $13,9022025 tax year
- Parking
- 21 detached
- Days on market
- Members
The brief
About 238 Melrose Ave
238 Melrose Ave is a 4+1-bedroom, 6-bathroom detached house in Lawrence Park North, Toronto, listed for sale at an asking price of $3,395,000 (MLS® C13755378).
Spectacular Custom-Built Home In The Heart Of The John Wanless Pocket. This Beautifully Crafted Residence Offers Executive Finishes Throughout, With A Large Entertainer's Dining Room Opening To A Stunning Custom Kitchen With All The Bells And Whistles, Including Custom-Painted MDF Cabinetry, Taj Mahal Quartzite Countertops, Premium Thermador Appliances, A Large Centre Island And Breakfast Bar. The Open-Concept Layout Flows Into The Huge Sunken Family Room, Complete With Built-In Speakers, Custom Shelving, A Gas Fireplace And A Flush Walkout To The Patio And Spacious Gardens With A Built-In Hot Tub, Creating The Perfect Setting For Sun-Filled Days, Relaxed Evenings And Unforgettable Nights With Family And Friends. The Second Floor Offers High Ceilings And A Serene Primary Bedroom With A Walk-In Closet And Private 7-Piece Ensuite, Plus 3 Additional Sizable Bedrooms With Ensuite Or Semi-Ensuite Access. The Lower Level Offers Tons Of Additional Space, With A Large Recreation Room Featuring A Wet Bar, Heated Floors And A Gas Fireplace, Plus A Separate Gym, Sauna, Steam Room, Nanny/Guest Suite And Additional Bathrooms. Steps To Yonge Street, John Wanless School, Shops, Restaurants, Cafés, Transit And Everything This Incredible Neighbourhood Has To Offer. You Name It, It's There!
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$11,648/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 126 detached homes with 5 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $13,902 / 2025
- MLS® number
- C13755378
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 25 x 150 ft
- Listed on
- Parking
- 1 Detached, 2 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Lawrence Park North
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 4+1
- Bathrooms
- 6
- Bathroom Details
- 1 × 2pc, 1 × 7pc, 1 × 5pc, 2 × 4pc, 1 × 3pc
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Rt-Of-Way, Mutual
- Garage Type
- Detached
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 25 ft
- Depth
- 150 ft
- Lot Size
- 25 x 150 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle, Flat
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- Thermador Fridge/Freezer, Thermador Dishwasher, Thermador Oven, Thermador 5-Burner Gas Cooktop, Thermador Convection Microwave, Beverage Fridge With Illuminated Display, Wet Bar Beverage Fridge, LG Washer, LG Dryer, All Existing Electrical Light Fixtures, All Existing Window Coverings Including Motorized Blinds, All Existing Built-In Speakers.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 5.33 × 5.03 m | hardwood floor, Built-In Speakers, Window Flr to Ceil | Main |
| Dining | 5.33 × 5.03 m | Combined W/Living, Panelled, Pot Lights | Main |
| Kitchen | 5.44 × 5.03 m | Quartz Counter, Built-In Speakers, Centre Island | Main |
| Family | 6.26 × 5.03 m | hardwood floor, Fireplace, Walk-Out | Main |
| Primary | 6.17 × 3.07 m | Ensuite Bath, W/I Closet, Window Flr to Ceil | 2nd |
| 2nd Br | 2.97 × 2.94 m | Semi Ensuite, Pot Lights, hardwood floor | 2nd |
| 3rd Br | 3.03 × 2.94 m | Semi Ensuite, hardwood floor, Picture Window | 2nd |
| 4th Br | 3.88 × 4.11 m | Ensuite Bath, Double Closet, Picture Window | 2nd |
| Rec | 11.62 × 4.81 m | Fireplace, Wet Bar, Heated Floor | Lower |
| Br | 2.66 × 2.75 m | Above Grade Window, Porcelain Floor, Ensuite Bath | Lower |
| Exercise | 2.73 × 4.82 m | Cushion Floor, Glass Doors, Ensuite Bath | Lower |
Listing history
Buy/sell history for 238 Melrose Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $3,395,000 | N/A | For Sale | C13755378 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $679,000
- Total mortgage amount
- $2,716,000
- Total interest payment
- $1,930,700
- Total purchase cost
- $5,325,700
- Mortgage payment
- $15,489/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
80%Monthly carrying cost
$16,648- Rent $5,000
- Shortfall $11,648
Rental income opens at $5,000, the median asking rent of 126 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $71,350
- Toronto municipal land transfer tax
- $75,300
- Total land transfer tax
- $146,650
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $138,175
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $3,395,000
- $34,875
- Ontario total
- $71,350
Toronto’s municipal tax has its own higher brackets at this price, so it adds $75,300.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 3,750 sq ft348 m²
- Street frontage
- 25 ft7.6 m
- Depth
- 150 ft45.7 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 58 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 2.9 km2.9 km
- Mapped parcel: about 3,760 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 60 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (f7.5; d0.6) (x604)By-law
569-2013Municipality
Toronto1 f7.5
Frontage: at least 7.5 m.
2 d0.6
Density: floor area is capped at 0.6 times the lot area.
3 x604
Site-specific exception 604: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(604)
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
3 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Closed
Revision to HVAC - mechanical system
Issued May 27, 2024
Building Permit Related(PS)Closed
Plumbing - To construct a front two storey addition, include covered porch and interior alterations
Issued February 9, 2024
Multiple ProjectsClosed
To construct a front two storey addition, include covered porch and interior alterations
Issued February 9, 2024
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
405 BROOKDALE AVESite planUnder Review
Site Plan and Zoning By-law amendment applications for a proposed redevelopment of the site to permit a 9-storey mixed-use building having a non-residential gross floor area of 830 square metres, and a residential gross floor area of 13,155.10 square metres. A total of 58 residential dwelling units are proposed with 87 vehicular parking spaces (24 for vistor) and 90 bicycle parking spaces below grade.
540 m away1670 AVENUE RDSite planUnder Review
Site Plan and Zoning By-law amendment applications for a proposed redevelopment of the site to permit a 9-storey mixed-use building having a non-residential gross floor area of 830 square metres, and a residential gross floor area of 13,155.10 square metres. A total of 58 residential dwelling units are proposed with 87 vehicular parking spaces (24 for vistor) and 90 bicycle parking spaces below grade.
560 m away1668 AVENUE RDSite planUnder Review
Site Plan and Zoning By-law amendment applications for a proposed redevelopment of the site to permit a 9-storey mixed-use building having a non-residential gross floor area of 830 square metres, and a residential gross floor area of 13,155.10 square metres. A total of 58 residential dwelling units are proposed with 87 vehicular parking spaces (24 for vistor) and 90 bicycle parking spaces below grade.
560 m away1666 AVENUE RDSite planUnder Review
Site Plan and Zoning By-law amendment applications for a proposed redevelopment of the site to permit a 9-storey mixed-use building having a non-residential gross floor area of 830 square metres, and a residential gross floor area of 13,155.10 square metres. A total of 58 residential dwelling units are proposed with 87 vehicular parking spaces (24 for vistor) and 90 bicycle parking spaces below grade.
560 m away407 BROOKDALE AVESite planUnder Review
Site Plan and Zoning By-law amendment applications for a proposed redevelopment of the site to permit a 9-storey mixed-use building having a non-residential gross floor area of 830 square metres, and a residential gross floor area of 13,155.10 square metres. A total of 58 residential dwelling units are proposed with 87 vehicular parking spaces (24 for vistor) and 90 bicycle parking spaces below grade.
560 m away1662 AVENUE RDSite planUnder Review
Site Plan and Zoning By-law amendment applications for a proposed redevelopment of the site to permit a 9-storey mixed-use building having a non-residential gross floor area of 830 square metres, and a residential gross floor area of 13,155.10 square metres. A total of 58 residential dwelling units are proposed with 87 vehicular parking spaces (24 for vistor) and 90 bicycle parking spaces below grade.
570 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in Lawrence Park North right now
- For sale now
- 29
- Median asking price
- $2.59M
- New in 7 days
- 5
- Price cuts
- 14%
Middle half: $1.7M to $3.4M
15 in 28 days
4 listings
This home is asking 31% above the median.
See all homes in Lawrence Park NorthAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Lawrence Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| York Mills Station | TTC subway: Line 1 Yonge-University | 1.7 km |
| Yorkdale Station | TTC subway: Line 1 Yonge-University | 2.8 km |
| Lawrence West Station | TTC subway: Line 1 Yonge-University | 2.9 km |
| Avenue Station | TTC light rail: Line 5 Eglinton | 3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| John Wanless Junior Public SchoolToronto DSB | Public · grades JK–6 | 300 m | 85%Grade 6 average |
| Bannockburn Public SchoolToronto DSB | Public · grades JK–6 · French Immersion | 700 m | — |
| Blessed Sacrament Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 950 m | 82%Grade 6 average |
| École élémentaire Mathieu-da-CostaConseil scolaire Viamonde | French-language public · grades JK–6 | 5.1 km | 90%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Lawrence Park Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 1 km | 88%Grade 9 math |
| Loretto Abbey Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 1.1 km | 64%Grade 9 math |
| John Polanyi Collegiate InstituteToronto DSB | Public · grades 9–12 | 2.6 km | 37%Grade 9 math |
| École secondaire Étienne-BrûléConseil scolaire Viamonde | French-language public · grades 9–12 | 4.2 km | 77%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Lawrence Park North are shown to signed-in members.