116A Melrose Street

Mimico, Toronto · MLS® W14109152

323

House · Single Family · 2 days on market

listed by STANLEY BERNARDO, ROYAL LEPAGE SIGNATURE REALTY

realtor's description

Welcome to 116A Melrose St in the heart of highly desirable Mimico! A wonderful canvas awaiting your personal style! This home offers a solid layout and great bones, ready for you to bring your own design ideas, updates, and custom finishes. Featuring 3+1 bedrooms, 3 bathrooms, and a partly finished basement with walk out, this property is packed with potential. The main levels offer 3 bedrooms and generous storage space throughout. The lower level features direct walk out access, along with a 4th bedroom and a full bathroom, ideal for a guest space, home office, or potential secondary suite. Unbeatable location on a quiet street just minutes from the Mimico GO Station, Lake Ontario waterfront trails, top rated schools, and quick highway access to Downtown Toronto. Property requires some updates and is priced accordingly. An extraordinary chance for renovators, investors, or end-users to build massive equity in South Etobicoke!

property details

type: House, Single Family
bedrooms: 3
bathrooms: 2
parking: 3
property tax: $4,467 / yr
days on market: 2
MLS®: W14109152

features

School Bus
Community Centre
Washer
Refrigerator
Dishwasher
Stove

monthly cost

$4,725/mo

Mortgage $4,353 · Tax $372

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,353/ monthly

loan $799,293

25-year amortization

down payment20% · $199,82320%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $506,623
cash to close: $199,823; down payment; transfer tax and fees not included
total paid: $1,305,916

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.