MLS® listing
357B Melrose Street: detached house for sale
$1,798,000
From the listing brokerage
Experience exceptional custom-built luxury where every detail has been thoughtfully designed & expertly crafted. Featuring premium imported Italian windows, custom Italian cabinetry, Italian quartz surfaces, Italian bathroom vanities & custom Italian interior doors with premium hardware, flush-mount hinges & magnetic latch systems, this home showcases quality at every turn. The stunning open-concept main floor is highlighted by soaring ceilings, contemporary finishes & an impressive chef-inspired kitchen complete with a Bertazzoni gas range & premium Miele appliances.Offering 5 spacious bedrooms & 4 beautifully appointed bathrooms, the home blends elegance with everyday functionality. Enjoy integrated speakers & a smart security system, upper-level laundry & a luxurious primary retreat featuring a spa-inspired 5-piece ensuite with a steam shower & soaker tub.The fully finished lower level offers 13-ft ceilings in the bedroom, 11-ft ceilings in the main living area, in-floor heating throughout, a wet bar & a floor-to-ceiling walkout to the south-facing backyard. Designed to maximize natural light & openness, this bright, spacious & versatile space is ideal for an in-law or nanny suite.Outdoor living is equally impressive with a fully fenced backyard, oversized patio & upper-level deck, creating the perfect setting for entertaining family & friends. The property also offers parking for 4 vehicles.Situated in 1 of the area's most desirable lakeside communities, this exceptional residence offers the perfect balance of luxury & convenience, just minutes from downtown & the airport. Enjoy walking access to local favourites, village amenities, transit & waterfront attractions. This is a rare opportunity to own a truly remarkable home in a sought-after family-friendly neighbourhood.
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Style | 2-Storey |
| Basement | Finished, Full |
| Lot width | 25 |
| Lot depth | 125 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 4 |
| Garage | Attached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $7,500 |
| Tax year | 2025 |
| Parking | Private Double |
| Interior features | Central Vacuum, In-Law Suite, Water Heater |
| Features | Place Of Worship, Park, Public Transit, School, Lake/Pond |
Listing courtesy of Royal LePage Real Estate Associates. MLS® W13460580.
About this detached house
357B Melrose Street is a 5 bedroom detached house in TRREB's Mimico community in Toronto, listed for sale at $1,798,000. The listing shows 4 bathrooms and 2000-2500 square feet. The style is given as 2-storey. The lot is listed as 25 by 125 feet. The listing gives the basement as finished, full. It comes with 4 parking spaces and an attached garage according to the listing. The nearest main intersection given is Royal York Road & Melrose St.
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 357B Melrose Street
At the asking price of $1,798,000, 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 | $1,798,000 |
|---|---|
| Ontario land transfer tax | $32,435 |
| Toronto municipal land transfer tax | $32,435 |
| Both taxes | $64,870 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $359,600 |
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. 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 (2025) | $7,500 a year, about $625 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 $1,798,000, which is $628,000 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, 25 by 125 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.
About Mimico
A lakeside Etobicoke neighbourhood where condo apartments make up most sales, beside streets of detached houses and townhouses. From April to June 2026 the median sale across all property types was $671,000 (TRREB).
Transit: Mimico GO station (Lakeshore West line) at 315 Royal York Road. The 501 Queen streetcar along Lake Shore Boulevard West, with the 507 Long Branch and 508 Lake Shore streetcars at limited times
| Property type | Median | Sales and average |
|---|---|---|
| All property types | Median $671,000 | 169 sales, average $804,199 |
| Detached | About $1,250,000 | 31 sales, average about $1,237,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,200,000 | 9 sales, average about $1,212,000 |
| Condo townhouse | About $1,027,000 | 5 sales, average about $982,000 |
| Condo apartment | About $609,000 | 124 sales, average about $659,000 |
| Semi-detached | No sales reported | 0 sales |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Mimico
Is Mimico a good place to live?
That depends on the home you need and how you travel. Mimico is mainly condo apartments by sales, with a median condo apartment sale of about $609,000 from April to June 2026 (TRREB). It has a GO station on the Lakeshore West line, the 501 Queen streetcar on Lake Shore Boulevard West and a string of City parks on the water.
How much does a house cost in Mimico?
From April to June 2026 TRREB recorded 31 detached sales in Mimico with a median of about $1,250,000. The 9 freehold townhouse sales had a median of about $1,200,000. TRREB recorded no semi-detached sales in the quarter.
Is there a GO station in Mimico?
Yes. Mimico GO station is at 315 Royal York Road on the Lakeshore West line. Trains toward Union station stop at Exhibition GO and then Union, so Union is 2 stops away (GO Transit).
Is Mimico on the subway?
No. The nearest rapid transit inside the area is Mimico GO. The 501 Queen streetcar runs along Lake Shore Boulevard West between Humber Loop and Long Branch Loop on the TTC map. The 507 Long Branch and 508 Lake Shore streetcars also run there at limited times.
Is Mimico a heritage conservation district?
No. The City of Toronto's list of heritage conservation districts does not include a district in Mimico. Individual properties can still be designated, so check the exact address with the City.
Read the Mimico neighbourhood guide · All Mimico homes for sale
Similar homes for sale in Mimico
$799,00018 Albani Street, Toronto, ON M8V 1X25 bedrooms · 2 bathrooms · Semi-DetachedListed by SUTTON GROUP QUANTUM REALTY INC.. MLS® W13833034
$1,479,900102 Judson Street, Toronto, ON M8Z 1B15 bedrooms · 4 bathrooms · DetachedListed by RIGHT AT HOME REALTY. MLS® W13795074
$1,499,99994 Lake Crescent, Toronto, ON M8V 1W15 bedrooms · 4 bathrooms · DetachedListed by RE/MAX WEST REALTY INC.. MLS® W13801480
$1,250,00098 Hay Avenue, Toronto, ON M8Z 1G45 bedrooms · 2 bathrooms · DetachedListed by RD&CO. REALTY INC. MLS® W13798668
$1,495,0002522 Lake Shore Boulevard W, Toronto, ON M8V 1E15 bedrooms · 3 bathrooms · DetachedListed by KELLER WILLIAMS REFERRED URBAN REALTY. MLS® W13783016
$2,315,00073 Elma Street, Toronto, ON M8V 1X95 bedrooms · 5 bathrooms · DetachedListed by RE/MAX ESCARPMENT REALTY INC.. MLS® W13798028
Questions about 357B Melrose Street
How much is land transfer tax on 357B Melrose Street?
At the asking price of $1,798,000 the Ontario tax is $32,435 and the Toronto tax is $32,435, $64,870 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 357B Melrose Street?
$359,600 at the asking price of $1,798,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 357B Melrose Street?
The listing shows $7,500 a year for 2025, about $625 a month.
Is 357B Melrose Street priced above or below the median?
It is listed at $1,798,000. 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 $628,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 357B Melrose Street?
Use the form on this page or call us. Quote MLS® W13460580. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 357B Melrose Street 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.