Attention builders, investors, renovators, and first-time buyers. Welcome to this charming two-bedroom home in the heart of sought-after Mimico, in South Etobicoke. Set on a generous deep lot, this well-maintained property offered as is, presents fantastic potential to renovate or expand. Inside, enjoy a sun-filled main level, new flooring throughout, fresh paint, and a separate side entrance with excellent potential for future rental income or an in-law suite. Step outside to a spacious backyard, perfect for entertaining, gardening, or future expansion. Ideally located just minutes from the lake, waterfront trails, Mimico GO Station, Highway 427, the QEW, excellent schools, cafes, restaurants, shops, The Queensway, and Sherway Gardens. A rare opportunity to secure a prime piece of real estate with exceptional lifestyle and long-term value.
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $1,084 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 262 Melrose St
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Parking
2 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
262 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® W14028180$759,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 262 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
$3,729
/mo
based on the purchase price of $759,000
$151,800 cash
$607,200 financed
$511,422 total interest
Principal54%$607,200
Interest46%$511,422
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 3–5 bed homes for sale in Toronto around $759K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4901.1%On average, homes sold at or above asking.
Active listings12,578Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 9,683 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
262 Melrose St is listed at $759,000 (MLS® W14028180). Summitly updates the price as soon as the MLS® record changes.
Is $759,000 a good price for 262 Melrose St?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 262 Melrose St changed?
No — 262 Melrose St is still listed at its original asking price of $759,000.
How many bedrooms and bathrooms does 262 Melrose St have?
262 Melrose St has 2 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Toronto.
Is 262 Melrose St close to transit?
The nearest rapid-transit station is Mimico GO Station (Lakeshore West GO), about 510 m (about a 6-minute walk) in a straight line. Royal York Station is about 3.2 km, and Old Mill Station is about 3.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 262 Melrose St?
About $3,729 a month — principal and interest on $759,000 with 20% down ($151,800), 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 262 Melrose St compare with other homes in Toronto?
Its asking price of $759,000 is about 10% below the median sold price in Toronto over the last 90 days, $848,000, across 9,683 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 262 Melrose St been sold before?
Summitly has no earlier MLS® sale or lease of 262 Melrose St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 262 Melrose St?
262 Melrose St is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 262 Melrose St been on the market?
262 Melrose St was listed today (October 13, 2026).
What is the price per square foot of 262 Melrose St?
About $690 to $1,084 per square foot: the asking price of $759,000 over the 700–1,100 sq ft the listing gives as its size range.
