262 Melrose St
Mimico, Toronto, Ontario M8Z 1G6
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700–1,100sq ft
- Per sq ft
- $843at the range’s middle
- Lot
- 25 x 125 ft
- Tax a year
- $3,8672026 tax year
- Parking
- 2none
- Days on market
- Members
The brief
About 262 Melrose St
262 Melrose St is a 2-bedroom, 1-bathroom detached house in Mimico, Toronto, listed for sale at an asking price of $759,000 (MLS® W14028180).
Attention builders, investors, renovators, and first-time buyers. Welcome to this charming two-bedroom home in the heart of sought-after Mimico, in South Etobicoke. Set on a generous deep lot, this well-maintained property offered as is, presents fantastic potential to renovate or expand. Inside, enjoy a sun-filled main level, new flooring throughout, fresh paint, and a separate side entrance with excellent potential for future rental income or an in-law suite. Step outside to a spacious backyard, perfect for entertaining, gardening, or future expansion. Ideally located just minutes from the lake, waterfront trails, Mimico GO Station, Highway 427, the QEW, excellent schools, cafes, restaurants, shops, The Queensway, and Sherway Gardens. A rare opportunity to secure a prime piece of real estate with exceptional lifestyle and long-term value.
Insights
Condition Score
Fair56/100Listing notes possible renovation needs
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall33/100−$1,035/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 89 homes with 2 bedrooms for lease in Mimico right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,867 / 2026
- MLS® number
- W14028180
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 25 x 125 ft
- Listed on
- Parking
- None, 2 Parking
Property details
Property
- Property Type
- Detached
- Style
- 1 1/2 Storey
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 700-1100 sqft
- Construction
- Alum Siding
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc 2nd
- Basement Type
- Unfinished
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 2
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 25 ft
- Depth
- 125 ft
- Lot Size
- 25 x 125 ft
Additional
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All Electrical Light Fixtures, Window Coverings, Refrigerator & Stove.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 1.4 × 2.16 m | — | Main |
| Kitchen | 2.77 × 2.84 m | — | Main |
| Dining | 2.87 × 3.61 m | — | Main |
| Living | 3.45 × 4.29 m | — | Main |
| Mudroom | 2.36 × 2.46 m | — | Main |
| Primary | 3.12 × 3.43 m | — | 2nd |
| 2nd Br | 2.74 × 3.12 m | — | 2nd |
| Utility | 5.74 × 7.14 m | — | Lower |
| Other | 1.55 × 2.77 m | — | Lower |
Listing history
Buy/sell history for 262 Melrose St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $759,000 | N/A | For Sale | W14028180 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $151,800
- Total mortgage amount
- $607,200
- Total interest payment
- $431,700
- Total purchase cost
- $1,190,700
- Mortgage payment
- $3,463/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
44%Monthly carrying cost
$3,785- Rent $2,750
- Shortfall $1,035
Rental income opens at $2,750, the median asking rent of 89 comparable homes for lease in Mimico. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $11,655
- Toronto municipal land transfer tax
- $11,655
- Total land transfer tax
- $23,310
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $14,835
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $759,000
- $7,180
- Ontario total
- $11,655
Toronto’s municipal tax uses the same brackets at this price, so it adds another $11,655.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 3,125 sq ft290 m²
- Street frontage
- 25 ft7.6 m
- Depth
- 125 ft38.1 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m12 test or monitoring holes also recorded.250 m
- Bedrock about 2.4 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 24 building permits issued within 250 m in the last 2 years250 m
- 6 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 7.8 km7.8 km
- Mapped parcel: about 3,130 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 500 m500 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Reynolds Consumer Products Canada Inc. — Mississauga Plant, 1.2 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 60 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RM (u4) (x22)By-law
569-2013Municipality
Toronto1 u4
Unit count: at most 4 dwelling units.
2 x22
Site-specific exception 22: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.80 of By-law 569-2013 · Exception 900.6.10(22)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
428 ROYAL YORK RDSite planUnder Review
The application seeks to redevelop the property by demolishing the existing two-storey mixed-use building and construct a new eight-storey mixed-use purpose built rental building with 54 residential units, one commercial unit at-grade totaling 111 square metres of gross floor commercial space, five surface visitor car parking spaces in the rear yard, and 66 bike parking spaces.
60 m away430 ROYAL YORK RDSite planUnder Review
The application seeks to redevelop the property by demolishing the existing two-storey mixed-use building and construct a new eight-storey mixed-use purpose built rental building with 54 residential units, one commercial unit at-grade totaling 111 square metres of gross floor commercial space, five surface visitor car parking spaces in the rear yard, and 66 bike parking spaces.
70 m away464 ROYAL YORK RDSite planUnder Review
Proposed redevelopment of the subject property with a 12-storey apartment building containing 112 purpose-built rental apartment dwelling units.
170 m away365 ROYAL YORK RDOfficial plan or zoning amendmentOMB Appeal
Zoning By-law Amendment for the development of a 10-storey mixed-use building including a total of 280 dwelling units, 743 square metres of non-residential gross floor area and 141 parking spaces within a two-level underground garage. The proposal includes a total gross floor area of 20,818 square metres, resulting in a density of 4.96 times the area of the lot.
230 m away363 ROYAL YORK RDOfficial plan or zoning amendmentOMB Appeal
Zoning By-law Amendment for the development of a 10-storey mixed-use building including a total of 280 dwelling units, 743 square metres of non-residential gross floor area and 141 parking spaces within a two-level underground garage. The proposal includes a total gross floor area of 20,818 square metres, resulting in a density of 4.96 times the area of the lot.
240 m away361 ROYAL YORK RDOfficial plan or zoning amendmentOMB Appeal
Zoning By-law Amendment for the development of a 10-storey mixed-use building including a total of 280 dwelling units, 743 square metres of non-residential gross floor area and 141 parking spaces within a two-level underground garage. The proposal includes a total gross floor area of 20,818 square metres, resulting in a density of 4.96 times the area of the lot.
250 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in Mimico right now
- For sale now
- 26
- Median asking price
- $1.35M
- New in 7 days
- 4
- Price cuts
- 15%
Middle half: $1.01M to $1.84M
13 in 28 days
4 listings
This home is asking 44% below the median, lower than three quarters of them.
See all homes in MimicoAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 500 m |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 3.2 km |
| Islington Station | TTC subway: Line 2 Bloor-Danforth | 3.3 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 3.4 km |
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 3.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| George R Gauld Junior SchoolToronto DSB | Public · grades JK–5 | 200 m | 73%Grade 3 average |
| St Louis Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 650 m | 75%Grade 6 average |
| St Leo Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 750 m | 86%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.8 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 1.2 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 1.6 km | 81%Grade 9 math |
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 2.5 km | 42%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 6.1 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Mimico are shown to signed-in members.