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Listed 1 month ago

46 Melrose Drive

105 - St. Davids, Niagara-on-the-Lake

$1,049,900

Detached|Bungalow
3 | 3 | 10
About this home

An exceptional opportunity in prestigious Bevan Heights, set on an impressive 103 x 220 ft estate-sized lot, 46 Melrose Drive is a beautifully maintained bungalow offering the space, privacy, and setting that are becoming increasingly difficult to find in one of Niagara's most sought-after neighbourhoods. Surrounded by executive homes, mature trees, and natural beauty, the property offers over 2,200 sq. ft. of thoughtfully designed living space along with a truly unique backyard retreat. A private walking trail winds through the tree-lined property, creating a peaceful connection to nature right outside your door. The bright and functional main floor features 2 spacious bedrooms, 1.5 bathrooms, generous principal rooms, and large windows that bring in an abundance of natural light while showcasing the surrounding landscape. The layout is comfortable, inviting, and well suited for both everyday living and entertaining.Adding even more value is the fully finished lower-level in-law suite, complete with its own bedroom and bathroom. This flexible space is ideal for multi-generational living, extended family, guests, or potential supplementary income. Outside is where this property truly sets itself apart. The expansive backyard offers incredible privacy, mature trees, plenty of room to entertain or relax, and your own private trail through the property. Whether enjoying morning walks, quiet evenings outdoors, or simply the feeling of having space around you, this is a setting rarely found at this price point. At $1,049,900, this represents an outstanding opportunity to secure a legacy property in Bevan Heights with an estate-sized lot, flexible living space, incredible privacy, and a setting that simply cannot be recreated. A must-see for buyers looking for space, value, and one of Niagara's premier neighbourhoods.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$7,312
Lot Size102.71 ft x 220.9 ft
mls© NumberX13664832
Listed ByRE/MAX NIAGARA REALTY LTD, BROKERAGE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,374
Property tax
$609
Heat allowance
$150
Housing costs
$6,133 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $209,980
25-yr amortization

Income needed

$189,000

gross annual household income

Payment at 4%
$4,418 / mo
Cash down
$209,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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