
Toronto
Detached in Toronto
$699,999
414 MELROSE STREET, Toronto, M8Z1H1
MLS Number: W13427600
Beds
4
Baths
2
Listing
For Sale
Type
Detached
Square Feet
700 - 1,100
Attention builders, investors, renovators, and end users. This is an exceptional opportunity in the highly sought-after community of Mimico. This two-bedroom bungalow is being sold as-is and offers outstanding potential to renovate, rebuild, or invest in one of Etobicoke's most desirable lakeside neighbourhoods. Situated on a generous 40 x 120-foot lot, the property presents a rare land-value opportunity with endless possibilities. A side entrance and separate access provide excellent potential for an income-generating suite or future rental opportunities. This home offers an unbeatable lifestyle just steps from Humber Bay Shores and the waterfront. The location provides convenient access to top-rated schools, Sherway Gardens, Mimico GO Station, TTC transit, local shops, restaurants, cafés, and the beloved SanRemo Bakery. Commuting is effortless, with quick access to downtown Toronto by car, GO Transit, or TTC, making this an ideal location for both families and professionals. Whether you're looking to build your dream home, complete a renovation project, or secure a valuable investment property, this represents a rare opportunity to unlock the full potential of a prime Mimico property. Enjoy the best of south Etobicoke with parks, lakeside trails, transit, shopping, dining, and everyday amenities all within easy reach.
Estimate Tool
Mortgage Payment Calculator
Estimate monthly principal and interest, then add common carrying costs for a clearer planning number.
Down Payment
$140,000
Mortgage Amount
$559,999
Principal + Interest
$3,238 / mo
5-Year Term Payments
$194,275
Estimated Monthly Carrying Cost
$3,888
Includes principal, interest, property tax, condo fees, and heating estimates.
This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.
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