Property Overview: 105 Melrose Avenue W
Key Characteristics & Appeal
This home presents a compelling blend of space, location, and value. Built in 1920, it offers 1,096 sqft of living area, which is notably above average for both its immediate street and the broader Melrose area. This suggests a comfortable interior size compared to many neighbouring homes. With an assessed value of $270,000, it sits around the median for its local context, positioning it as a practical entry point into the neighbourhood.
The primary appeal lies in its efficient use of space on a smaller, 2,781 sqft lot. For the right buyer, this translates to less exterior maintenance without sacrificing interior roominess. It suits first-time homebuyers or downsizers seeking a character home with updated practicality, or investors looking for a manageable property in an established area. A thoughtful perspective is that its older vintage and smaller lot may offer lower property tax obligations relative to larger, newer homes citywide, while still providing the charm and space of a pre-war build.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,096 sqft, the living area is in the top 25% on Melrose Avenue W and the top 24% in the Melrose area, meaning it is notably more spacious than many comparable homes in its immediate vicinity.
2. Is the assessed value high for the neighbourhood?
No. The $270,000 assessment is around the middle of the range for both the street and the local area, indicating it is priced consistently with its direct peers.
3. What should I know about the lot size?
The lot is 2,781 sqft, which is smaller than most properties on the street and in the city. This typically means less yard maintenance but may limit expansion possibilities.
4. The home was built in 1920. What does this mean for me?
It is an older character home, so a thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation. Its age is typical for the street, which is largely comprised of homes built in the mid-20th century.
5. Can I find out the exact historical sale price?
Yes. The public record shows a sale between $200k-$250k in 2017. You can request the exact sold price by emailing the listing service; they provide this detail manually without using your email for marketing.