414 Melrose Street
Etobicoke (Mimico), ON M8Z 1H1
- 2+2Bedrooms
- 2Bathrooms
- 1Garage
- 700–1100Sq Ft
- $4,600Tax
- 40×120 ftLot Size
Estimated Value:$921,500See Free Estimate Report
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 414 Melrose Street, Etobicoke, Mimico
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About 414 Melrose Street, Etobicoke, Mimico
Summarized Description
- Exceptional opportunity for builders and investors.
- Two-bedroom bungalow with renovation potential.
- Generous 40 x 120-foot lot for development.
- Side entrance for potential rental suite.
- Steps from Humber Bay Shores waterfront.
- Convenient access to transit and amenities.
- Ideal location for families and professionals.
- Unlock the full potential of this prime property.
Attention builders, investors, renovators, and end users. This is an exceptional opportunity in the highly sought-after community of Mimico. This two-bedroom bungalow is being sold as-is and offers outstanding potential to renovate, rebuild, or invest in one of Etobicoke's most desirable lakeside neighbourhoods. Situated on a generous 40 x 120-foot lot, the property presents a rare land-value opportunity with endless possibilities. A side entrance and separate access provide excellent potential for an income-generating suite or future rental opportunities. This home offers an unbeatable lifestyle just steps from Humber Bay Shores and the waterfront. The location provides convenient access to top-rated schools, Sherway Gardens, Mimico GO Station, TTC transit, local shops, restaurants, cafés, and the beloved SanRemo Bakery. Commuting is effortless, with quick access to downtown Toronto by car, GO Transit, or TTC, making this an ideal location for both families and professionals. Whether you're looking to build your dream home, complete a renovation project, or secure a valuable investment property, this represents a rare opportunity to unlock the full potential of a prime Mimico property. Enjoy the best of south Etobicoke with parks, lakeside trails, transit, shopping, dining, and everyday amenities all within easy reach.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,600
- Land Transfer Tax Fee
- $20,950
- Basement Type
- Partially Finished
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- Bungalow
Construction
- Exterior Finish
- Brick, Brick Front
- Roof
- Asphalt Shingle
- Foundation Details
- Brick
- Special Designation
- Unknown
Lot
- Lot Front
- 40.00 ft
- Lot Depth
- 120.00 ft
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 1
- Parking Spaces
- 1
- Total Garage And Parking Spaces
- 2
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 2 + 2
- Washrooms
- 2
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Living Room—Main level
- Kitchen—Main level
- Primary Bedroom—Main level
- Bathroom—Main level
Washrooms
- 4-piece, Main
- 3-piece, Basement
- Municipality
- Etobicoke
- Neighbourhood
- Mimico
- Main cross streets
- Islington/Evans
- Directions
- Islington/Evans
- MLS® number
- W13427600
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-06-24
- Listed on
- 2026-06-10
- Days on market
- 14 days
- Possession type
- 30-59 days
- Co-op commission
- 2.5%
- Seller
- Listed by
- RE/MAX PROFESSIONALS INC.
Home Market Value
Current home valuation for 414 Melrose Street, Etobicoke, Mimico, Etobicoke, ON. Listed for $699,999
HOMEH Estimate
$921,500
Estimated Sales Range
$727,985 - $1,115,015
HOMEH Estimate for 414 Melrose Street, Etobicoke, Mimico
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $199,999 over $500K
$45,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $26,180 | $19,530 | $16,660 | $0 |
=Total mortgage | $680,679 | $649,529 | $611,659 | $559,999 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,323monthly | $3,171monthly | $2,986monthly | $2,734monthly |
Land Transfer Tax
$10,475
$10,475
$20,950
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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