Taj Mahal Quartzite Kitchen, 5 Bedrooms on 25x150 Lot in John Wanless

Property details for 238 Melrose Avenue, Toronto

Type: Residential
Bedrooms: 5
Bathrooms: 6
Lot Size: 25 x 150 FT
Stories: 2
Basement: Finished, N/A
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $13,902 (2025)

Here's a custom-built 2-storey house on a 25 by 150 foot lot in the John Wanless pocket, just steps from Yonge. Inside, you're getting 5 beds and 6 baths across roughly 4,000 sq ft of finished living space. Main floor features a sunken family room that walks out to a patio with a built-in hot tub. Kitchens don't get much better: Taj Mahal quartzite counters, Thermador appliances, and a big island. Second floor is where you'll find the primary suite with a 7-piece ensuite and walk-in closet, plus 3 other good-sized bedrooms. The lower level isn't a typical basement: it's got a rec room with a wet bar, heated floors, a separate gym, and even a guest suite with its own bathroom. Cedar shingles on the roof? No, it's brick exterior. Park the car in the detached garage. You've got quick access to top private schools like Havergal College and Crescent, plus Sunnybrook Hospital is 3 km away. The home is listed at $3.395M, which is under the area median of $3.59M. It's been on the market for 10 days so far. If you need a place with room for everyone and every hobby, this one's worth a look.

About 238 Melrose Avenue, Toronto — Property Score

Great Location

Score: 60/100

Value

Priced 112.2% above area median of $1,599,990 based on 1051 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - typical for similarly priced homes 60

6 bathrooms - 1 more than similarly priced properties nearby 72

3,750 sqft lot - a compact lot for the area 55

Location

$169K median household income - well above the Canadian average of $70K 100

93% of residents hold postsecondary credentials - a highly educated neighbourhood 99

94% homeownership rate - indicating a stable, owner-occupied community 96

39% of residents commute under 30 minutes - longer average commute times 62

7,228/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 58 days on market 100

-99.1% median price change over 1 month - declining prices in the area 1

37.5 months of housing supply - 2961 active listings with 79 sold last month (buyer's market) 40

Features

2-car garage - area average is 4.2 spots 80

Finished, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.41% effective tax rate ($13,902/yr) - very low tax burden 88

4% renter population - primarily owner-occupied area 35

Quality

Condition

Listing

50 photos provided - 39% more than the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.