5 Melrose Dr
Niagara-on-the-Lake, L0S 1J0
FOR SALE
$2,875,000
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3 + 3
BEDROOMS5
BATHROOMS1
KITCHENS10 + 8
ROOMSX8061456
MLSIDContact Us
Property Description
Nestled just outside of prestigious St. David's 5 Melrose is a contemporary showcase estate boasting unprecedented finishes in one of Niagara on the Lake's most coveted neighbourhoods of Bevan Heights. This stunning property boasts 4300sqft of total living space. It has 6 bdrms & 5 full baths, making it an ideal home for families. Every detail of this residence has been crafted to the highest standards. Upon entering the formal living room you'll witness the backyard oasis through the floor-to-ceiling windows. The large kitchen complete w/a waterfall counter & top-of-the-line appliances makes culinary preparation an indulgence. A large family room features a W/O to the private garden, creating a perfect space for family gatherings & relaxation. The outdoor space is perfect for unwinding, as it fts. an outdoor F/P, gorgeous inground pool and a complete outdoor kitchen with ample patio space that is perfect for entertaining guests. Sapcious primary bdrm presents a tranquil retreat with
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-08-10 | 2023-11-10 | 92 | $3,299,000 | - | Expired |
| 2023-06-23 | 2023-08-10 | 48 | $3,299,000 | - | Terminated |
| 2021-03-03 | 2021-04-08 | 35 | $2,299,900 | $2,199,999 | Sold |
| 2020-12-09 | 2021-03-03 | 84 | $2,249,900 | - | Terminated |
Extras
W/I closet & 5pc ensuite. If thats not enough, the lower level if fully finished & fts a 2nd living room & full kitchen, providing ample space for entertaining and in-law suite. This property is the epitome of comfort & luxury.
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Property Details
Street
Property Type
Detached, Bungalow
Lot Size
100' x 175'
Acreage
< .50
Fronting
West
Taxes
$8,253 (2023)
Basement
Finished, Full
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 16.99' x 27.99' | |
| Living | Main | 18.83' x 19.91' | |
| Dining | Main | 22.01' x 15.68' | |
| Prim Bdrm | Main | 13.91' x 16.01' | 5 Pc Ensuite |
| Br | Main | 10.93' x 11.84' | |
| Br | Main | 11.91' x 11.91' | |
| Den | Bsmt | 17.85' x 19.85' | |
| Kitchen | Bsmt | 24.84' x 34.84' | Combined W/Dining, Combined W/Living |
| Br | Bsmt | 14.01' x 10.01' | |
| Br | Bsmt | 14.01' x 10.01' | |
| Br | Bsmt | 14.01' x 10.01' |
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Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
5 Melrose Dr is a 3-bedroom 5-bathroom home listed for sale at $2,875,000, which is $1,815,500 (171.4%) higher than the average sold price of $1,059,500 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 3 bedroom home in Niagara-on-the-Lake declined by $12,500 (1.2%) compared to the previous 30 day period (March 3 - April 1) and down $223,500 (17.4%) from the same time one year ago.Inventory Change
There were 26 3-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (April 2 - May 1), which is up 30.0% compared with the previous 30 day period (March 3 - April 1) and up 116.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara-on-the-Lake typically sold ($39,950) (3.8%) below asking price over the last 30 days (April 2 - May 1), which represents a $17,050 increase compared to the previous 30 day period (March 3 - April 1) and ($1,000) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Niagara-on-the-Lake over the last 30 days (April 2 - May 1) stood at 30.8%, up from 20.0% over the previous 30 days (March 3 - April 1) and down from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom home in Niagara-on-the-Lake stood at 28 days when successfully sold over the last 30 days (April 2 - May 1), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Niagara Realty Ltd.
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