$759,000
Est. payment $3,361/moCalculate yours
262 Melrose Street, Toronto, ON M8Z 1G6
Mimico, Etobicoke, ON M8Z 1G6
- 2 Beds
- 1 Baths
- 700 Sq Ft
Listing courtesy of RE/MAX PROFESSIONALS INC. MLS® W14028180
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- New
- Size
- 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 25 x 125 Feet
- Parking
- None garage · 2 total
Financial
- Property Taxes
- $3,867 (2026)
Location
- Neighbourhood
- Mimico
- Cross Street
- Royal York & The Queensway
- Direction Faces
- South
Listing
- MLS® Number
- W14028180
- Days on Market
- 5
- Listed On
- 2026-10-13
- Possession
- 30-60 Days
- Listed By
- RE/MAX PROFESSIONALS INC.
Rooms
Features
Interior
- Other
Pool
- None
- Included
- All Electrical Light Fixtures, Window Coverings, Refrigerator & Stove.
- Excluded
- N/A
- Rental items
- Hot Water Tank 25.87 per monthShowing Requirements
Mortgage calculator
Estimated mortgage payment
$3,361 per month
- Principal and interest
- $3,361
- Property tax
- $322
- Condo fees
- $0
- Estimated monthly cost
- $3,683
Your mortgage
- Mortgage amount
- $607,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $401,006
Cash to close
- Down payment
- $151,800
- Land transfer tax (Ontario + Toronto)
- $23,310
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $175,110
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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