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.
Address
414 Melrose Street
List Price
$699,999
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Toronto W06
Sub-Area
Mimico
Region
Toronto
Bedrooms
2 + 2
Bedrooms (Total)
4
Rooms Above Grade
5
Rooms Below Grade
3
Bathrooms
2
Floor Area
700-1100 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
120
Lot Size Units
Feet
Lot Width
40
Parcel Number
076040031
Occupant Type
Owner
Cross Street
Islington/Evans
MLS® Number
W13427600
Listing Brokerage
RE/MAX PROFESSIONALS INC.
Basement Area
Partially Finished
Postal Code
M8Z 1H1
Posession Details
30-60 Days
Parking
Private
Parking Places (Total)
2
Parking Spaces
1
Tax Amount
$4,599.93
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Brick Front
Direction Faces
North
Fireplace
No
Foundation Details
Brick
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LTS 5, 6, 7 & 8, PL 2171 , AS IN TB49215 ; ETOBICOKE , CITY OF TORONTO
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 3.14 x 4.72 | |
| Main | Kitchen | 2.74 x 6.49 | |
| Main | Primary Bedroom | 3.74 x 3.07 | |
| Main | Bathroom | 1.71 x 2.01 |