Property Overview
This home at 613 Melrose Avenue W presents a solid, mid-century property with clear strengths in its immediate neighbourhood. Built in 1960, its 1,042 sqft of living space and 4,699 sqft lot are comfortably above the local averages for Melrose Avenue and the broader Melrose area. Its standout characteristic is its assessed value, which ranks within the top 15-16% locally, suggesting it is viewed as a higher-quality asset on its street compared to direct peers. Recent sale history indicates steady appreciation.
The appeal lies in its position as a well-above-average property on its specific block. It suits a practical buyer looking for a home that outperforms its immediate surroundings without the premium of a newer subdivision. It’s ideal for someone who values a larger-than-standard lot for the area and a house with a more modern build date relative to many neighbours, potentially meaning fewer major retrofits. A thoughtful perspective is that this property offers a balance: it provides the space and substance of a established neighbourhood home while carrying a newer build date than many around it, which can be a smart compromise between character and upkeep.
Frequently Asked Questions
How does this home compare to others on the street?
Key metrics like assessed value and year built rank in the top 23% or better on Melrose Avenue W, meaning it is considered a newer and more valuable property compared to most direct neighbours.
What is the recent sales history?
The home sold between $300k-$350k in 2023 and between $250k-$300k in 2016. This indicates a pattern of value growth over time.
Is the living space large for the area?
Yes. With 1,042 sqft, it is larger than the average comparable home on the street (~980 sqft) and in the Melrose area (~973 sqft).
What does the assessed value ranking mean?
An assessed value ranking in the top 15% locally suggests the municipal assessment—often tied to market value and property characteristics—is significantly higher than that of most nearby homes, reflecting its relative standing.
How can I find the exact past sold price?
The provider offers to manually share the exact sold price via email upon request, as the prices shown are publicly estimated ranges.