Welcome to 116A Melrose St in the heart of highly desirable Mimico! A wonderful canvas awaiting your personal style! This home offers a solid layout and great bones, ready for you to bring your own design ideas, updates, and custom finishes. Featuring 3+1 bedrooms, 3 bathrooms, and a partly finished basement with walk out, this property is packed with potential. The main levels offer 3 bedrooms and generous storage space throughout. The lower level features direct walk out access, along with a 4th bedroom and a full bathroom, ideal for a guest space, home office, or potential secondary suite. Unbeatable location on a quiet street just minutes from the Mimico GO Station, Lake Ontario waterfront trails, top rated schools, and quick highway access to Downtown Toronto. Property requires some updates and is priced accordingly. An extraordinary chance for renovators, investors, or end-users to build massive equity in South Etobicoke!
3 bedrooms, 1 bathroom, about 1,500 sq ft, works out to roughly $666 per square foot. Chat with Zara if you'd like a deeper read on whether this semi-detached fits your budget and timing.
Inside 116A Melrose St
Every detail from the listing, in one place.
Type
Semi-Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
3 spacesYes garage
Basement
Partially Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
3
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Semi-Detached
116A Melrose St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14109152$999,116
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 116A Melrose St Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,908
/mo
based on the purchase price of $999,116
$199,823 cash
$799,293 financed
$673,215 total interest
Principal54%$799,293
Interest46%$673,215
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 2–5 bed homes for sale in Toronto around $999K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5138.8%On average, homes sold at or above asking.
Active listings12,686Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 9,226 sales from Jul 25 – Oct 23, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
116A Melrose St is listed at $999,116 (MLS® W14109152). Summitly updates the price as soon as the MLS® record changes.
Is $999,116 a good price for 116A Melrose St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 116A Melrose St changed?
No — 116A Melrose St is still listed at its original asking price of $999,116.
How many bedrooms and bathrooms does 116A Melrose St have?
116A Melrose St has 3 bedrooms and 1 bathroom, with about 1,500–2,000 square feet of living space. It is a semi-detached home in Toronto.
Is 116A Melrose St close to transit?
The nearest rapid-transit station is Mimico GO Station (Lakeshore West GO), about 600 m (about a 8-minute walk) in a straight line. Old Mill Station is about 3.1 km, and Jane Station is about 3.2 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 116A Melrose St?
About $4,908 a month — principal and interest on $999,116 with 20% down ($199,823), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 116A Melrose St compare with other homes in Toronto?
Its asking price of $999,116 is about 19% above the median sold price in Toronto over the last 90 days, $842,000, across 9,226 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 116A Melrose St been sold before?
Summitly has no earlier MLS® sale or lease of 116A Melrose St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 116A Melrose St?
116A Melrose St is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 116A Melrose St been on the market?
1 day — 116A Melrose St was listed on October 22, 2026.
What is the price per square foot of 116A Melrose St?
About $500 to $666 per square foot: the asking price of $999,116 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 116A Melrose St have parking or a garage?
Yes — the listing gives 3 parking spaces. Garage: Yes.
