Listed by Remax Your Community Realty.

401 Melrose Avenue is a Detached, Bungalow-Raised and is currently for Sale @ $1,890,000. Taxes in 2025 were $9,026.42.

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Surrounded by beautiful custom homes, this well-maintained 3 bedroom raised bungalow presents a rare opportunity to secure space, setting, and future architectural potential in established Bedford Park. The Bungalow-Raised on 401 Melrose Avenue has 3 bedrooms, 4 bathrooms, and is located on a 150.32 x 35.41 ft lot in the community of Bedford Park-Nortown . Located in the highly coveted neighbourhood of Avenue Road & Lawrence, this property sits on a premium 35 x 150 ft south-facing deep lot, offering exceptional lifestyle, flexibility, and future vision in one of Toronto's most sought-after family-friendly communities. Set along tree-lined streets in a walkable neighbourhood close to top-ranked public and private schools, this is a location that continues to define & retain value. The main level features approximately 1,515 sq ft with three generous sized bedrooms, hardwood flooring, bright open living and dining areas, and two bathrooms including a convenient 2-piece ensuite. Large picture windows fill the home with natural light, creating a warm and inviting space ideal for everyday living and entertaining. A rare built-in double car garage with ample driveway parking for 6 cars add ultra convenience & storage. The finished walk-out basement with separate entrance offers outstanding versatility, complete with an eat-in kitchen, 3 piece washroom, recreation space & fireplace with potential for multi-generational living, caregivers, or in-law suite. Endless possibilities**Move in and enjoy as-is, renovate, or explore the property's expansion and modernization potential. The rare 35 ft frontage and substantial depth provide an ideal foundation for a custom architectural transformation or second-storey addition. **A conceptual front façade rendering photo included for illustration purposes only, showcasing how the existing footprint could be elevated into a modern two-storey design (subject to approvals)**. Unparalled location, steps to Avenue Road's renowned restaurants, shops, top schools, transit, minutes to Hwy 401, Don Valley Golf Course, and premier private clubs. Survey Available!

All existing appliances including fridge, stove, washer and dryer; CVAC rough-in; all existing electric light fixtures; all window coverings; roof reshingled (2023); A/C (2022); hot water tank rental ($30/month) including furnace protection plan paid Dec 2025-Dec 2026; rear custom-built shed (approx. 10' x 12').

The address 401 Melrose Avenue was listed for sale (MLS# C12833376) on Monday, March 02, 2026.