217 Melrose Avenue, Dows Lake - Civic Hospital and Area

$1,350,000
217 Melrose Avenue

$1,350,000

Price Change
126d
Detached3-Storey

217 Melrose Avenue, Dows Lake - Civic Hospital and Area

Total Monthly Obligation $7,108

Beds
6
Baths
5
Park
4
Sqft
3000-3500
DOM
126d
Score
16
Yield
4.5%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-X13469464
Beds-6
Bathrooms-5
Size-3000-3500 sqft
Lot Size-100 × 87.17 ft
Listed on site-Jun 19, 2026
Style-3-Storey
Building Type-Detached
Taxes-$15,443.68 (2025)
Parking-6 - Attached
Basement-Partially Finished
Heating-Other (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Other
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Stucco (Plaster), Stone
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBA
Neighbourhood-4504 - Civic Hospital
Title-Residential Freehold

No agent assigned

This beautifully designed circa 1920s Tudor-style home blends timeless character with thoughtful updates in an exceptional location. Situated near the Civic Hospital, parks, cycling paths, and the Central Experimental Farm, the property offers the convenience of urban living while enjoying the privacy and charm of a mature residential setting. A classic centre hall plan welcomes you inside, where rich woodwork, hardwood flooring, elegant mouldings, decorative glass details, and French doors reflect the craftsmanship and architectural character of the era. The updated kitchen features white cabinetry, a centre island, ample storage and preparation space, and a breakfast nook overlooking the backyard. The second floor offers three well-proportioned bedrooms. Occupying the third level, the private primary suite features a sitting room, walk-in closet, and ensuite bathroom. The lower level extends the living space with a recreation room and two additional bedrooms, providing flexibility for family living, guests, or a home office. Surrounded by mature landscaping, the exterior offers excellent curb appeal with perennial gardens, mature trees, a private backyard with deck, interlock driveway, driveway parking, and a double garage. Convenient access is available through both the front and side entrances.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,080,000
Land Transfer Taxes$23,475
Legal Fees (Est.)
$
Total cash required for closing$294,975

Total Monthly Obligation

$7,108/mo
Mortgage $5,446
Monthly Loss $5,675
Principal$1,433
Interest$4,013
Property Tax$1,287
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.4%1
5-Year IRR
7.5%20
10-Year IRR
8.7%
Returns Index
11.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$61,200/yr
NOI
$35,136/yr
Net Cash Flow
-$2,518/mo
Cash Margin
-49.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.545
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
15.0/ 100

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

Comparables

Properties near 217 Melrose Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.