Turnkey Bedford Park Living At An Exceptional Entry Point. Welcome To 547 Melrose Ave, A Move-In-Ready Family Home Set On A Generous Lot On A Fantastic, Family-Friendly Street. This Is An Incredible Opportunity To Get Into One Of Toronto's Most Sought-After Neighbourhoods Without Sacrificing The Comfort And Convenience Of A Finished Home. Bright, Updated Interiors Offer An Easy, Functional Layout With Three Bedrooms, Multiple Bathrooms, A Stylish Kitchen With Centre Island, Finished Lower Level With Recreation Room And Wet Bar, And Plenty Of Space For Everyday Family Life. Outside, Enjoy A Large Fenced Backyard With Deck And Lawn, A Private Four-Car Driveway, Plus A Detached One-Car Garage. Located In The Heart Of Bedford Park, Surrounded By Excellent Schools, Parks, Shops, Restaurants And Neighbourhood Amenities. A Rare Combination Of Turnkey Condition, A Big Lot, A Great Street And An Attainable Entry Point Into An Outstanding Family Community. Move In Now And Enjoy Everything Bedford Park Has To Offer.
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $2,807 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 547 Melrose Ave
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
700-1100 sq ftas stated on the listing
Parking
5 spacesYes garage
Basement
Finished, Separate Entrance
Features & systems
Parking & garage
Garage
Yes
Parking spaces
5
Interior
Basement
Finished · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
547 Melrose Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13793344$1,965,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 547 Melrose Ave 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
$9,653
/mo
based on the purchase price of $1,965,000
$393,000 cash
$1,572,000 financed
$1,324,037 total interest
Principal54%$1,572,000
Interest46%$1,324,037
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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
Own a home on Melrose Avenue? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 547 Melrose Ave with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 547 Melrose Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 3–4 bed homes for sale in Toronto around $2.0M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5185.0%On average, homes sold at or above asking.
Active listings13,278Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with May 8 – Aug 6, 2026: prices down.
Based on 9,142 sales from Aug 6 – Nov 4, 2026 (7,119 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
547 Melrose Ave is listed at $1,965,000 (MLS® C13793344). Summitly updates the price as soon as the MLS® record changes.
Is $1,965,000 a good price for 547 Melrose Ave?
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 547 Melrose Ave changed?
No — 547 Melrose Ave is still listed at its original asking price of $1,965,000.
How many bedrooms and bathrooms does 547 Melrose Ave have?
547 Melrose Ave has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Toronto.
Is 547 Melrose Ave close to transit?
The nearest rapid-transit station is Yorkdale Station (Line 1), about 1.6 km (about a 20-minute walk) in a straight line. Lawrence West Station is about 1.9 km (about a 24-minute walk), and Wilson Station is about 1.9 km (about a 24-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 547 Melrose Ave?
About $9,653 a month — principal and interest on $1,965,000 with 20% down ($393,000), 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 547 Melrose Ave compare with other homes in Toronto?
Its asking price of $1,965,000 is about 134% above the median sold price in Toronto over the last 90 days, $840,000, across 9,142 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 547 Melrose Ave been sold before?
Summitly has no earlier MLS® sale or lease of 547 Melrose Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 547 Melrose Ave?
547 Melrose Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 547 Melrose Ave been on the market?
49 days — 547 Melrose Ave was listed on September 16, 2026.
What is the price per square foot of 547 Melrose Ave?
About $1,786 to $2,807 per square foot: the asking price of $1,965,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 547 Melrose Ave have parking or a garage?
Yes — the listing gives 5 parking spaces. Garage: Yes.
