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Copyright © 2026 The Canadian Home Realty Inc.
  • Ontario
  • Toronto
  • Bedford Park-Nortown
  • 492 Melrose Avenue
492-melrose-avenue-toronto-ontario-c12392707
492-melrose-avenue-toronto-ontario-c12392707
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  • Sold Sold in Oct 2025
  • Detached

492 Melrose Avenue

Toronto, Bedford Park-Nortown
  • 4 Bedrooms
  • 4 Bathrooms
  • 2 Garage
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Sold Price: $ 2,175,000
7.41%
Listed Price: $ 2,349,000
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Room Details of 492 Melrose Avenue, Toronto

FloorBedroomsBathrooms
Basement * 1
Ground * 1
Second 4 2

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Key Facts About 492 Melrose Avenue, Toronto

  • Tax $11,779 / 2025
  • Property Type Residential
  • Building Type Detached
  • Building Style 2-Storey
  • Size 2000 - 2500 feet²
  • Lot Size 30 x 107 feet
  • Parking 2 garage, 2 parking
  • Basement Finished
  • Listing # C12392707
  • Data Source PROPTX
  • Days on Market 21
  • Listed On 09/09/2025
  • Updated On 02/10/2025
  • Market Demand
    the canadian homethe canadian home

Description

Beautiful family home in one of the most sought after streets in the highly coveted Ledbury Park neighbourhood. Enjoy this spacious and immaculate home flowing with Hardwood flooring throughout main level, and large principle living and dining rooms with picture windows and California shutters. Entertain from the spacious eat-in kitchen open to the warm family room with wood-burning fireplace and oversized deck. Second Floor Features Large Primary With Walk-In Closet And Recently Renovated Ensuite, W/ 2 Additional Sizable Bedrooms, Plus Convert

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Property Details of 492 Melrose Avenue, Toronto

Property

  • Property Type Detached
  • Style 2-Storey
  • Fronting On N
  • Community Bedford Park-Nortown
  • Municipality Toronto

Inside

  • Bedrooms 4
  • Bathrooms 4
  • Bathroom Details 1, 2pc Main
  • Bathroom Details 1, 6pc Second
  • Bathroom Details 1, 3pc Second
  • Bathroom Details 1, 4pc Lower
  • Basement Finished
  • Kitchen 1
  • Rooms 8
  • Family Rooms Y
  • Central Vac Y
  • Fireplace Y

Utilities

  • Water Municipal
  • Cooling Central Air
  • Heating Type Forced Air
  • Heating Fuel Gas

Building

  • Size 2000 - 2500 feet²
  • Architecture Style 2-Storey
  • Exterior Feature Brick

Parking

  • Drive Way Private Double
  • Garage Type Built-In
  • Garage 2
  • Parking Places 2
  • Total Parking Places 4

Land

  • Sewer Sewer
  • Frontage 30
  • Depth 107
  • Lot Size 30 x 107 feet
  • Lot Size Code Feet
  • Cross Street Avenue rd/Lawrence Ave W

Features

  • Fenced Yard Y
  • Library Y
  • Park Y
  • Place Of Worship Y
  • Public Transit Y
  • School Y

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Our Estimate

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Estimated Rent

$ 6,938

Rental Yield

2.93%

School Score

8.4/10

Rental Score

2/5

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Rooms

Living Room (3.38X3.89 metre)
Level: Main
Dining Room (3.38X3.89 metre)
Level: Main
Kitchen (3.38X3.58 metre)
Level: Main
Breakfast (2.82X3.6 metre)
Level: Main
Family Room (3.33X4.82 metre)
Level: Main
Primary Bedroom (4.02X4.82 metre)
Level: Second
Bedroom 2 (3.38X4.17 metre)
Level: Second
Bedroom 3 (3.06X4.26 metre)
Level: Second
Bedroom 4 (3.01X3.16 metre)
Level: Second
Recreation (5.89X9.76 metre)
Level: Lower
Laundry (3.33X1.71 metre)
Level: Lower

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,000

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0

Monthly Expenses After Home Purchase

$569

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
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MLS® Trusted listing from Toronto Real Estate Board The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

About 492 Melrose Avenue, Toronto

Introducing a splendid house for sale in Toronto , located at 492 Melrose Avenue, Toronto, this detached two-storey residence is situated in the highly sought-after Bedford Park-Nortown community. This beautiful family home is nestled on one of the most desirable streets in the area, providing an ideal setting for those seeking a spacious and immaculate living environment.

As you approach the property at 492 Melrose Avenue, Toronto, you will be greeted by its charming brick exterior, which exudes a timeless elegance. The home features a generous lot measuring 30 by 107 feet, offering ample outdoor space for family activities and gatherings. The private double driveway leads to a built-in garage, providing convenient parking for two vehicles. This house for sale in Toronto is designed to cater to modern family needs while maintaining a warm and inviting atmosphere.

Upon entering, you will be captivated by the stunning hardwood flooring that flows throughout the main level. The large principal living and dining rooms are adorned with picture windows and California shutters, allowing natural light to fill the space while offering privacy when desired. This house for sale in Toronto is perfect for entertaining, with a spacious eat-in kitchen that seamlessly connects to the warm family room. The family room features a wood-burning fireplace, creating a cosy ambiance for those chilly evenings. From here, you can access the oversized deck, which is ideal for outdoor entertaining or simply enjoying the fresh air.

The second floor of this delightful home boasts a large primary bedroom complete with a walk-in closet and a recently renovated ensuite bathroom. In addition to the primary suite, there are two additional sizeable bedrooms, providing ample space for family members or guests. Notably, the original fourth bedroom has been converted into an oversized laundry room on the second level, offering convenience and functionality. This thoughtful design is just one of the many features that make this house for sale in Toronto a standout choice for families.

The lower level of the property at 492 Melrose Avenue, Toronto, is equally impressive. It features a spacious recreation room with high ceilings, perfect for family gatherings or as a play area for children. Additionally, there is a large washroom on this level, further enhancing the home's practicality. The lower level also provides access to the two-car below-grade garage, making it easy to store vehicles and other belongings securely.

This house for sale in Toronto is not only a beautiful home but also conveniently located just steps away from some of the best restaurants and shops in the area. Families will appreciate the proximity to distinguished schools and multiple parks, making it an ideal location for raising children. The community of Bedford Park-Nortown is known for its welcoming atmosphere and family-friendly amenities, ensuring that residents feel at home.

Further enhancing the appeal of this property is the central air conditioning, which ensures comfort during the warmer months. The home is equipped with forced air heating, municipal water, and sewer services, providing peace of mind for potential buyers. While the house is currently unfurnished, it offers a blank canvas for new owners to personalise and make their own.

In summary, this house for sale in Toronto at 492 Melrose Avenue, Toronto, is a remarkable opportunity for families seeking a well-cared-for home in a prime location. With its spacious layout, modern amenities, and proximity to local conveniences, this property is not to be missed. Whether you are looking to entertain or simply enjoy the comforts of family living, this home is sure to meet all your needs. Don’t hesitate to explore this exceptional offering in the heart of Bedford Park-Nortown.

Bedford Park-Nortown, nestled in the northern part of Toronto, is a charming residential neighbourhood known for its tree-lined streets and a strong sense of community spirit. This area boasts a mix of beautiful single-family homes, many of which feature classic architectural styles, along with convenient access to local parks and recreational facilities. The neighbourhood is well-served by public transport, making it easy to commute to downtown Toronto, while also offering a selection of boutique shops, cafes, and schools that cater to families. With its welcoming atmosphere and proximity to nature, Bedford Park-Nortown presents an appealing option for those seeking a tranquil yet connected lifestyle in the bustling city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Ledbury Park Elementary and Middle School, just 0.2 km away, offering grades JK to 8 with a commendable rating of 8.6 from the Toronto District School Board. Additionally, St. Margaret Catholic School, a Catholic elementary school, is only 0.8 km away and serves grades JK to 8, boasting a rating of 7.3. For older students, Forest Hill Collegiate Institute, located 2.9 km away, provides secondary education for grades 9 to 12, although it currently has no rating available. Bedford Park Public School, 2.0 km away, offers a French-language curriculum for grades JK to 8 and has an impressive rating of 9.1. Loretto Abbey Catholic Secondary School and Marshall McLuhan Catholic Secondary School are also within a reasonable distance, catering to grades 9 to 12 with ratings of 6.8 and 6.6, respectively. Overall, the area is well-served by a variety of public and Catholic schools, ensuring quality education options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 677 residents, with an average household size of three. The demographic profile indicates a relatively mature population, with an average age of 38.4 years. The average household income is notably high at $340,000, reflecting the affluence of the community, although 6.6% of the population falls under the low-income bracket. The average property price in the area is approximately $2,200,000, suggesting a competitive real estate market. A significant portion of the population, 59.46%, comprises households with children, while 36.19% of residents are single. The community is diverse, with 22.79% of residents being immigrants, and a notable 75% holding a college or university education. Additionally, 13.04% of the population are renters, and 8.7% live in condominiums. However, it is worth noting that a substantial 32.41% of the population is not in the labor force, which may reflect various socio-economic factors. Overall, this area presents a blend of affluence, family-oriented households, and educational attainment, making it an attractive location for potential homebuyers and investors.

FAQs About 492 Melrose Avenue, Toronto

How many bathrooms does this property have?

This property features 4 bathroom(s) and 4 bedroom(s).

Does this 4 bedroom property have additional bedrooms or a den?

This Detached property does not have an additional bedroom or a den.

What is the square footage (sqft) of this Detached property?

The total square footage of this Detached 4 bed property in Toronto is 2000 - 2500.

How many parking spaces are available with this property?

492 Melrose Avenue boasts 2 convenient parking spaces.

How many cars can be parked in the garage of 492 Melrose Avenue?

This property features a garage with space for 2 cars.

What type of garage does this property have?

This property includes an Built-In garage with space for 2 cars.

Does this property have a basement?

Yes, this property has a basement.

What type of basement is it?

This property features Finished basement.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

A fireplace is available in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Information about the maintenance fee is not available.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Forced Air.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 492 Melrose Avenue, Toronto

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Listing History

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