Property Overview
432 Melrose Avenue E is a character home built in 1920, offering a blend of historic charm and above-average space for its immediate area. With 1,145 square feet of living area, it sits comfortably in the top 20% of homes in the Melrose neighbourhood for size. The lot is a generous 4,455 sqft, providing ample outdoor space that is on par with local averages. Its assessed value is notably above average for the street and neighbourhood, though it is more typical when compared to the wider city. Recent sales data indicates it last sold between $300k-$350k in 2022.
Key Characteristics & Appeal
The primary appeal of this property lies in its spaciousness relative to other homes on Melrose Avenue and in the Melrose area, offering more interior room than many of its peers. Its large lot presents a valuable opportunity for gardening, expansion, or simply enjoying more private outdoor space—a feature not to be underestimated in a mature neighbourhood. The home’s 1920 vintage suggests potential for classic architectural details, but also implies a need for a buyer comfortable with the maintenance considerations of a century-old structure. It would suit a buyer looking for a character home with a sizeable yard, who values space over newness and is prepared for the realities of an older build. It’s a practical choice for someone seeking a home that stands out in its local context without a premium city-wide price tag.
Frequently Asked Questions
1. How does the home’s age impact its value and condition?
Built in 1920, the home is older than most in the area and city. This can mean charming character but also likely requires more diligent maintenance and potential updates to mechanical systems like wiring or plumbing compared to newer builds.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. The home’s last known sale price ($300k-$350k in 2022) and current local market conditions are more direct indicators of its potential selling price.
3. What does the "above average" living area ranking actually mean for daily life?
Ranking in the top 19% on its street for living area means this home offers more interior space than over 80% of its closest neighbours. This translates to more room for living, storage, and family life compared to many other homes in the immediate vicinity.
4. The lot size is "around average" locally but below the city average. Is that a concern?
Not for neighbourhood consistency. The lot is typical for Melrose, meaning you’re getting the expected amount of outdoor space for that community. The city-wide average is skewed by newer suburbs with larger lots, so the local comparison is more relevant.
5. Can I find out the exact price it sold for in 2022?
Yes, but the exact sale price is not publicly displayed due to privacy regulations. You can request the precise figure by emailing the listing service, which provides it manually as a free service.