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$699,999Asking Price

414 Melrose Street, Toronto W06, ON M8Z 1H1

Mimico, Toronto

Detached
2 + 2
Bedrooms
2
Baths
2
Parking
Days on Market

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.

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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.

Key Info

  • Bungalow Detached
  • 1-Car Driveway
  • 1-Car Detached Garage
  • Islington/Evans
  • 700-1100 Approximate Sq Feet
  • 1 Kitchen
  • Forced Air Gas Heating
  • No A/C

Property

  • Lot Size 40 x 120 Feet
  • Brick/Brick Front Exterior
  • Taxes were $4,599 in 2025
  • Possession: 30-60 Days

Details

  • No Fireplace
  • Family Room
  • Sewers
  • Municipal Water
  •  
  • MLS #W13427600
  • RE/MAX PROFESSIONALS INC.

Extras

Room Floor Dimensions Details
1 Kitchen Main 8.99' x 21.29'
2 Bathroom Main 5.61' x 6.59'
Washroom1 4-Piece Bathroom on Main Floor
Washroom1 3-Piece Bathroom

Who lives here?

Mimico, Toronto is a west Toronto neighbourhood notable for its singles, renters, executives, salespeople and tradespeople. Residents tend to be older with a significant number of adults aged 25 to 44, 25 to 44, 25 to 44 and 25 to 44 and seniors aged 65 to 69.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Toronto  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

51% of residents are
single and loving it.

51% singles

Toronto (50%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

55% of residents
are renters.

55% renters

Toronto (47%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

45% of residents are
university grads.

45% university grads

Toronto (48%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$109K

is the average household
income in the neighbourhood.

Toronto  ($132K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 16%
Business 11%
Management 10%
Government 8%
Trades 8%

Immigrants

41% of residents were
born outside of Canada.

41% immigrants

Toronto (48%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

India was once home to 4.2% of immigrants.
Poland 3.7%
Philippines 3.4%
Ukraine 2.8%
Caribbean 2.1%

4.2% from India
All-time

Birthplace - Recent

India was once home to 1.2% of immigrants.
Philippines 0.6%
Ukraine 0.4%
China 0.3%
Poland 0.3%

1.2% from India
Recent

Foreign Languages

Foreign Languages

Polish 4%
Spanish 3%
Ukrainian 3%
Portuguese 2%
Russian 2%

Religions

Religions

Christian 68%
Muslim 4%
Hindu 2%
Buddhist 2%
Jewish 1%

Social Housing

Social Housing Buildings

3

Social housing buildings
in the neighbourhood.

Gta Avg (5.19)

Shelters

Shelters

1

Homeless shelters in
the neighbourhood.

Gta Avg (0.54)