262 Melrose Street, Toronto, ON M8Z 1G6
Mimico, Toronto · Near Royal York & The Queensway · View map
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.
The home
- Type
- 1 1/2 storey
- Style
- 1 1/2 Storey
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 6
- Basement
- Unfinished
- Lot size
- 25 x 125 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
Taxes & other
- Property taxes
- $3,867/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- 30-60 Days
- Cross street
- Royal York & The Queensway
- Neighbourhood
- Mimico
More
- Price per sq ft
- ~$864 (at 900 sq ft)
- Listed
- Sep 8, 2026 · 34 days ago
- MLS® number
- W13756020
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
262 Melrose Street, Toronto, ON M8Z 1G6
Mimico, Toronto · Near Royal York & The Queensway
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Listing history for 262 Melrose Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 262 Melrose Street
Answers come straight from this home’s MLS® listing.
How much is 262 Melrose Street listed for, and what would it cost each month?
262 Melrose Street is listed for $778,000. With 20% down ($155,600), the mortgage payment would be roughly $3,138 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,461 a month, all in. That figure is an illustration, not a quote.
Is 262 Melrose Street freehold or a condo, and is there a monthly fee?
262 Melrose Street is a 1 1/2 storey in Mimico, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 262 Melrose Street have?
262 Melrose Street has 2 bedrooms and 1 bathroom.
Does 262 Melrose Street have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 262 Melrose Street have a finished basement?
The listing describes the basement as unfinished.
What style of home is 262 Melrose Street?
262 Melrose Street is a 1 1/2 storey. A 1½-storey home has a full main floor and a partial second floor under the roofline, often with dormer windows.
How big is 262 Melrose Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 25 x 125 ft.
How is 262 Melrose Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 262 Melrose Street?
Property taxes are $3,867 a year (2026), or about $322 a month.
Where is 262 Melrose Street?
262 Melrose Street is in the Mimico community of Toronto. The nearest main intersection is Royal York & The Queensway. The postal code is M8Z 1G6.
How long has 262 Melrose Street been on the market?
262 Melrose Street was listed on September 8, 2026. It has been on the market for 34 days. It is an active listing (MLS® W13756020). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 262 Melrose Street asking?
Similar bungalow-style homes for sale nearby right now include 53 Harold Street at $798,000 (2 bed), 19 Macdonald Street at $899,999 (3 bed) and 28 Finsbury Crescent at $899,000 (2+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 262 Melrose Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 262 Melrose Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Mimico, picked by style, size and price.
1 1/2 storey$798,00053 Harold Street, Toronto2 bed · 1 bath · MimicoCourtesy of: RE/MAX REALTY SPECIALISTS INC.View home →
1 1/2 storey$899,99919 Macdonald Street, Toronto3 bed · 2 bath · MimicoCourtesy of: MAIN STREET REALTY LTD.View home →
1 1/2 storey$899,00028 Finsbury Crescent, Toronto2+1 bed · 2 bath · AlderwoodCourtesy of: RE/MAX HALLMARK REALTY LTD.View home →Courtesy of: RE/MAX PROFESSIONALS INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.