403 Melrose Avenue, Toronto C04

$4,695,000
403 Melrose Avenue

$4,695,000

New
16d
Detached2-Storey

403 Melrose Avenue, Toronto C04

Total Monthly Obligation $20,086

Beds
5
Baths
6
Park
4
Sqft
3000-3500
DOM
16d
Score
13
Yield
1.9%
Cash on Cash
-13.7%
Cap Rate
1.6%
5Y IRR
4.9%
10Y IRR
6.4%
Property Type-Detached
MLS® Number-C13872610
Beds-5
Bathrooms-6
Size-3000-3500 sqft
Lot Size-35 × 150 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$9,276.79 (2026)
Parking-6 - Built-In
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-MCCANN REALTY GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-South
Exterior-Brick, Stucco (Plaster)
Roof-Shingles
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Bedford Park-Nortown
Title-Residential Freehold

No agent assigned

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.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$3,756,000
Land Transfer Taxes$103,850
Legal Fees (Est.)
$
Total cash required for closing$1,044,350

Total Monthly Obligation

$20,086/mo
Mortgage $18,938
Monthly Loss $15,103
Principal$4,984
Interest$13,955
Property Tax$773
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-15.8%0
5-Year IRR
3.1%6
10-Year IRR
5.2%
Returns Index
4.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$90,156/yr
NOI
$67,364/yr
Net Cash Flow
-$13,325/mo
Cash Margin
-177.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.302
LTV Ratio
80.0%18
Vacancy Buffer
0.5 mo12
Risk Index
10.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 403 Melrose Avenue

Time

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