





116A Melrose Street
Mimico, Toronto
$999,116
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!
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,467 |
| Lot Size | 25 ft x 33 ft |
| mls© Number | W14109152 |
| Listed By | ROYAL LEPAGE SIGNATURE REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,114
- Property tax
- $372
- Heat allowance
- $150
- Housing costs
- $5,636 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$173,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,823
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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