MLS® listing
403 Melrose Avenue: detached house for sale
$4,695,000
From the listing brokerage
Welcome To 403 Melrose Avenue, A Never-Lived-In Residence Where Custom Details And Extraordinary Attention To Craftsmanship Are Evident Throughout. Set On An Impressive 35 X 150 Ft Lot, A Depth Rarely Found In Midtown Toronto, It Offers A Heated Driveway, South-Facing Garden, 250 Sq Ft Composite Deck, And Walkout Lower Level. Every Room Reflects A Timeless Design, With Bespoke Millwork, Natural Stone And Carefully Considered Finishes. Offering 4+1 Bedrooms And 6 Bathrooms, The Home Features Approx. 10-Ft Main And 9-Ft Second-Flr Ceilings, Wire-Brushed American White Oak Herringbone Floors With Antique Brass Inlay, And Elegant Arched Openings. Large Windows And An Arteriors Chandelier Fill The Home With Light, While A Custom Foyer Bench And Arched Steel-And-Glass French Doors To The Living Rm/Office Highlight The Level Of Detail Throughout. The Custom Two-Tone Kitchen Pairs Painted And White Oak Cabinetry With Polished Monte Canyon Quartzite, A Micro-Cement Hood Fan And Island Base, And Built-In Miele Appliances. The Verias Green Marble Pantry Includes A Prep Sink, Beverage Fridge And Second Dishwasher. A Statement Wall-To-Ceiling Wood-Panelled Feature Wall With Integrated Art Niches Separates The Dining And Family Rooms. The Family Room Centres On A Three-Sided Linear Gas Fireplace With Custom Porcelain Façade. Upstairs, Every Bedroom Has Its Own Ensuite With In-Floor Heating. The Primary Suite Features Custom Built-Ins, An Electric Fireplace, Window Bench And Millwork Dressing Rm With Concealed Entry. Its Ensuite Offers His-And-Hers Showers, Custom White Oak Vanity, Italian Porcelain And Heated Floors. Children's Bedrooms Feature Wall-To-Wall Custom Built-Ins. The Walkout Lower Level Offers Radiant Heated Floors, Rec Room, Wet Bar, Nanny Suite And Direct Garage Access. Google Home Automation And Motorized Blinds Complete The Home. Vibrant And Accessible, With A Strong Sense Of Community And Close To Avenue Road And The 401. New Taxes Have Yet To Be Assessed.
Facts on the listing
| Square feet | 3000-3500 |
|---|---|
| Style | 2-Storey |
| Basement | Finished with Walk-Out |
| Lot width | 35 |
| Lot depth | 150 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 6 |
| Garage | Built-In |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $9,277 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | Built-In Oven |
Listing courtesy of MCCANN REALTY GROUP LTD.. MLS® C13872610.
About this detached house
403 Melrose Avenue is a 5 bedroom detached house in TRREB's Bedford Park-Nortown community in Toronto, listed for sale at $4,695,000. The listing shows 6 bathrooms and 3000-3500 square feet. The style is given as 2-storey. The lot is listed as 35 by 150 feet. The listing gives the basement as finished with walk-out. It comes with 6 parking spaces and a built-in garage according to the listing. The nearest main intersection given is Avenue Rd & Lawrence Ave W.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 403 Melrose Avenue
At the asking price of $4,695,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $4,695,000 |
|---|---|
| Ontario land transfer tax | $103,850 |
| Toronto municipal land transfer tax | $143,353 |
| Both taxes | $247,203 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $939,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $9,277 a year, about $773 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $4,695,000, which is $3,525,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 35 by 150 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 403 Melrose Avenue
How much is land transfer tax on 403 Melrose Avenue?
At the asking price of $4,695,000 the Ontario tax is $103,850 and the Toronto tax is $143,353, $247,203 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 403 Melrose Avenue?
$939,000 at the asking price of $4,695,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 403 Melrose Avenue?
The listing shows $9,277 a year for 2026, about $773 a month.
Is 403 Melrose Avenue priced above or below the median?
It is listed at $4,695,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $3,525,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 403 Melrose Avenue?
Use the form on this page or call us. Quote MLS® C13872610. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 403 Melrose Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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