Property Overview
This 845 sqft home at 322 Regent Avenue E presents a specific and compelling profile. Built in 2014, it is a notably modern property within its immediate context, ranking in the top 4% for year built on its street and in the Melrose area. Its assessed value is strong locally, placing in the top 12% among area comparables. The lot is compact at 2,701 sqft, which is below average for the neighbourhood and city. The home last sold in the 2024 price range of $300k-$350k.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern construction within an established neighbourhood. Buyers gain the benefits of a relatively new build (12 years old)—such as updated building systems, modern layout, and likely lower immediate maintenance—without being in a brand-new subdivision. Its above-average assessed value for the area suggests it is viewed as a premium property locally, though its smaller living area and compact lot mean that premium is for quality and age over sheer size.
This home would suit a buyer looking for a low-maintenance, modern property who prioritizes the interior condition and age of the home over having a large yard or expansive square footage. It’s a practical choice for first-time buyers, small families, or downsizers who want a newer build in a mature area with established amenities. A thoughtful perspective is that the compact lot, while not offering vast outdoor space, translates to less yard work and lower exterior maintenance costs, aligning with a lock-and-leave or easy-living lifestyle.
Frequently Asked Questions
1. How does the home’s smaller living area compare to the neighbourhood?
At 845 sqft, the living area is slightly below the local average (approx. 973 sqft in Melrose) but is fairly typical for many homes on Regent Avenue E itself. It represents a more efficient, modern floor plan compared to many older, larger homes in the wider city.
2. Why is the assessed value so high compared to other homes on the street?
The assessed value ($33.30k) ranks in the top 11% on the street. This is directly tied to the home’s modern year of construction (2014) compared to the street average (1952), reflecting its newer condition, systems, and materials.
3. What does the "Elite" ranking for Year Built mean?
This indicates the home is among the newest 4% of comparable properties on its street and in the Melrose area. It is a statistical standout for its age, offering a significant contrast to the predominantly mid-20th century housing stock surrounding it.
4. Is the lot size a disadvantage?
The lot is below average in size for the area. This may limit extensive gardening or large outdoor recreation space. However, it also means less landscaping upkeep and can contribute to a more community-oriented, neighbourhood feel.
5. How current is the sold price information?
The listed sale price range ($300k-$350k) is from a transaction in 2024, providing a very recent market benchmark. For the exact sold price, you can request details via the email service provided on the listing page.