547 Melrose Ave
Bedford Park-Nortown, Toronto, Ontario M5M 2A4
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 700–1,100sq ft
- Per sq ft
- $2,183at the range’s middle
- Lot
- 40 x 107 ft
- Tax a year
- $7,9882025 tax year
- Parking
- 51 detached
- Days on market
- Members
The brief
About 547 Melrose Ave
547 Melrose Ave is a 3-bedroom, 3-bathroom detached house in Bedford Park-Nortown, Toronto, listed for sale at an asking price of $1,965,000 (MLS® C13793344).
Turnkey Bedford Park Living At An Exceptional Entry Point. Welcome To 547 Melrose Ave, A Move-In-Ready Family Home Set On A Generous Lot On A Fantastic, Family-Friendly Street. This Is An Incredible Opportunity To Get Into One Of Toronto's Most Sought-After Neighbourhoods Without Sacrificing The Comfort And Convenience Of A Finished Home. Bright, Updated Interiors Offer An Easy, Functional Layout With Three Bedrooms, Multiple Bathrooms, A Stylish Kitchen With Centre Island, Finished Lower Level With Recreation Room And Wet Bar, And Plenty Of Space For Everyday Family Life. Outside, Enjoy A Large Fenced Backyard With Deck And Lawn, A Private Four-Car Driveway, Plus A Detached One-Car Garage. Located In The Heart Of Bedford Park, Surrounded By Excellent Schools, Parks, Shops, Restaurants And Neighbourhood Amenities. A Rare Combination Of Turnkey Condition, A Big Lot, A Great Street And An Attainable Entry Point Into An Outstanding Family Community. Move In Now And Enjoy Everything Bedford Park Has To Offer.
Insights
Condition Score
Good78/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$6,831/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 402 detached homes with 3 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
- $7,988 / 2025
- MLS® number
- C13793344
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 40 x 107 ft
- Listed on
- Parking
- 1 Detached, 5 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Bedford Park-Nortown
- Municipality
- Toronto
Building
- Size
- 700-1100 sqft
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 1 × 3pc 2nd, 1 × 3pc Lower
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Detached
- Garage
- 1
- Additional Parking
- 4
- Total Parking
- 5
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 40 ft
- Depth
- 107 ft
- Lot Size
- 40 x 107 ft
Additional
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Dacor Double Oven, Samsung Refrigerator/Freezer, Stainless Steel Gas Stove, Cosmo Hood Fan, Whirlpool Dishwasher, Westinghouse Microwave, Whirlpool Washer, Samsung Dryer, All Existing Window Coverings, All Existing Electric Light Fixtures
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.99 × 5.17 m | hardwood floor, Pot Lights, Picture Window | Main |
| Dining | 2.93 × 4.9 m | Pot Lights, B/I Shelves, Picture Window | Main |
| Kitchen | 4.08 × 3.6 m | Quartz Counter, Skylight, Centre Island | Main |
| Primary | 3.57 × 3.01 m | hardwood floor, Double Closet, Picture Window | 2nd |
| 2nd Br | 2.84 × 3.01 m | hardwood floor, Picture Window, Double Closet | 2nd |
| 3rd Br | 3.11 × 2.74 m | hardwood floor, Double Closet, Picture Window | 2nd |
| Rec | 3.36 × 3.85 m | Porcelain Floor, Pot Lights, Above Grade Window | Lower |
| Other | 2.95 × 3.09 m | Stainless Steel Sink, Above Grade Window, Combined W/Laundry | Lower |
Listing history
Buy/sell history for 547 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 | $1,965,000 | N/A | For Sale | C13793344 |
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
- $393,000
- Total mortgage amount
- $1,572,000
- Total interest payment
- $1,117,500
- Total purchase cost
- $3,082,500
- Mortgage payment
- $8,965/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
81%Monthly carrying cost
$9,631- Rent $2,800
- Shortfall $6,831
Rental income opens at $2,800, the median asking rent of 402 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
- $35,775
- Toronto municipal land transfer tax
- $35,775
- Total land transfer tax
- $71,550
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $63,075
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 $1,965,000
- $31,300
- Ontario total
- $35,775
Toronto’s municipal tax uses the same brackets at this price, so it adds another $35,775.
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
- 4,280 sq ft398 m²
- Street frontage
- 40 ft12.2 m
- Depth
- 107 ft32.6 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 m1 test or monitoring hole also recorded.250 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
- 19 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 1.9 km1.9 km
- Mapped parcel: about 4,290 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 CanadaThe nearest is Smith and Long Limited, 2.9 km away. Only 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 this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- 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
RD (f12.0; a370) (x1463)By-law
569-2013Municipality
Toronto1 f12.0
Frontage: at least 12.0 m.
2 a370
Lot area: at least 370 m² per dwelling unit.
3 x1463
Site-specific exception 1463: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 10, section 10.20 of By-law 569-2013 · Exception 900.3.10(1463)
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.
Interior AlterationsInspection
Proposal for interior alteration
Issued July 3, 2025
Interior AlterationsCancelled
Proposal for interior alterations to single family dwelling
Completed June 26, 2025
Interior AlterationsCancelled
Proposal for interior alterations to all floors.
Completed June 13, 2025
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. 1 open development application within 800 m of this home.
1 MARQUETTE AVESite planUnder Review
Site Plan approval application for a 2-storey addition with 20 new rental units, atop an existing 4-storey building with 24 existing rental units (subject to Bill 109).
790 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 Bedford Park-Nortown right now
- For sale now
- 76
- Median asking price
- $3M
- New in 7 days
- 13
- Price cuts
- 12%
Middle half: $2.2M to $4.02M
36 in 28 days
9 listings
This home is asking 34% below the median, lower than three quarters of them.
See all homes in Bedford Park-NortownAsking 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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Yorkdale Station | TTC subway: Line 1 Yonge-University | 1.6 km |
| Lawrence West Station | TTC subway: Line 1 Yonge-University | 1.8 km |
| Wilson Station | TTC subway: Line 1 Yonge-University | 2 km |
| Lawrence Station | TTC subway: Line 1 Yonge-University | 2.1 km |
| Chaplin Station | TTC light rail: Line 5 Eglinton | 2.9 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 |
|---|---|---|---|
| Ledbury Park Elementary and Middle SchoolToronto DSB | Public · grades JK–8 | 100 m | 80%Grade 6 average |
| Bannockburn Public SchoolToronto DSB | Public · grades JK–6 · French Immersion | 850 m | — |
| St Margaret Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 900 m | 83%Grade 6 average |
| École élémentaire Mathieu-da-CostaConseil scolaire Viamonde | French-language public · grades JK–6 | 4 km | 90%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| John Polanyi Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.5 km | 37%Grade 9 math |
| Lawrence Park Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 1.6 km | 88%Grade 9 math |
| Loretto Abbey Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 2 km | 64%Grade 9 math |
| École secondaire Étienne-BrûléConseil scolaire Viamonde | French-language public · grades 9–12 | 5.3 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 Bedford Park-Nortown are shown to signed-in members.