Homula Realty Brokerage
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.

16 Melody Road Basement, Toronto, ON M9M 1C7

2 beds · 1 bath · 1 kitchen · 4 rooms · 1 parking space · 700-1100 sq ft · Laundry in building · Detached
$1,800

Utilities includedNone

Discover this beautiful 1,000+ sqft, 2-bedroom, 1-bathroom basement apartment. This isn't your typical basement rental - it's a bright, modern home with all the privacy and amenities you deserve. The property features a dedicated separate entrance ensuring complete privacy, while vinyl plank flooring throughout creates a seamless feel that flows beautifully through the thoughtfully planned open-concept design. The suite boasts a completely renovated modern bathroom with contemporary finishes. Two bedrooms provide flexibility for couples, roommates, or those needing a home office space. The convenience factor is unbeatable with in-property laundry facilities eliminating laundromat trips, and a peaceful residential neighborhood setting that offers easy access to transit, shopping, and local amenities in sought-after Weston/401 neighbourhood that is 4 minutes from 401/400 highways. This property is ideal for young professionals, couples starting out, or anyone seeking quality living at exceptional value. This is a rare combination of privacy and modern amenities, that is hard to find in basement units in the rental market. Immediate possession is available. Don't miss this exceptional opportunity.

MLS number
W13687036
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
M9M 1C7
Photos
14
Laundry
In Basement, Laundry Room, Common Area, Shared, Sink
25days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Gulfstream Public School7.7 / 10
Elementary · Regular Track
TDSB boundary
Emery Collegiate Institute4.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Simon Catholic School
Toronto CDSB
Elementary454 m6.7 / 10
67% met the standard
St Basil-the-Great College School
Toronto CDSB
Secondary873 m5.8 / 10
58% met the standard · 2 of 6 measures
St Andre Catholic School
Toronto CDSB
Elementary1.1 km6.6 / 10
66% met the standard
Pelmo Park Public School
Toronto DSB
Elementary1.3 km4.3 / 10
43% met the standard · 3 of 6 measures
Chalkfarm Public School
Toronto DSB
Elementary1.5 km3.8 / 10
38% met the standard · 3 of 6 measures
St John the Evangelist Catholic School
Toronto CDSB
Elementary1.9 km6.1 / 10
61% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Detached houses in Toronto W05201 leases over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median rentWhat comparable units actually leased for
$2k/mo$2k/mo$3k/mo20252026this home’s asking price
$3k/molatest quarter · hover to read any
Leased vs askingAbove 100% means bidding wars were normal
96%100%104%20252026the asking price
100%latest quarter · hover to read any
Days to leaseMedian days on market before the deal closed
-1d16d33d20252026
29dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the leases that closed in that quarter among detached houses in toronto w05. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 530 people.

$105,000Median household income
90.9%Own their home
85.7%Detached houses
44.4Median age
36.4%Born outside Canada
22.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204951 — the few blocks around this address, home to 530 people. It describes the area, not this property.

530Population
43.9Average age
3Household size
$137,000Average household income
$105,000Median household income
91%Own their home
9%Rent
0%Condominiums
36%Born outside Canada
22%University degree
$1,080,000Average home value
6%Low income
56%Not in the labour force
34%Never married
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9996%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over34%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9998%
$200,000 and over15%

Percentages are of the 265 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$360 · minimum here is $90
$7.97per month
Borrowed before insurance$1,440
Total borrowed$1,440
Interest over 25 years at 4.5%$951

If you rented it out

-$7.97per month out of pocket
Rent$0.00
Everything it costs to hold$7.97
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 1 still in progress.

100 CLAYSON RD336 m
Under Review · applied November 24, 2025

Proposal to construct three additions to expand the existing food processing warehouse.

City planning file →
50 MARMORA ST415 m
Closed · applied September 13, 2018

A proposal to amend the existing site plan approval under Application No. 06 179079 WET 07 SA. Proposal includes the conversion of basement parking area to production space (6946 sq. m), a two storey addition to the north side of the building (955 sq.…

City planning file →
24 STRATHBURN BLVD395 m
Closed · applied November 20, 2013

Proposed development of a new elementary school (St. Simon Catholic School) with concurrent application for 100% exemption to the Green Roof By-law

What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by CITYSCAPE REAL ESTATE LTD.. Listing data provided by the Toronto Regional Real Estate Board.