Property Overview: 620 Melrose Avenue W
Key Characteristics & Appeal
This home at 620 Melrose Avenue W presents a compelling value proposition centered on space and location. Built in 1958, its key strength is its generous 1,340 sqft living area, which ranks in the top 10% for size on its street and in the immediate Melrose area. This makes it a notably larger home compared to many of its neighbours. The lot size of 4,839 sqft is also comfortably above the local average, offering ample outdoor space.
The appeal lies in this combination of above-average interior and land space within a well-established neighbourhood. Recent sales history indicates steady appreciation. It suits practical buyers looking for a roomy family home or those who value potential for expansion or gardening on a larger lot, without the premium price of a newer or fully renovated property. A thoughtful perspective is that while its assessed value is modest relative to the wider city, this can represent an opportunity for buyers to add value through updates, all while being in a neighbourhood of similarly scaled, mature homes.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
Very favourably. With 1,340 sqft of living space, this home is significantly larger than the average on Melrose Avenue W (approx. 980 sqft) and in the broader Melrose area (approx. 973 sqft).
2. What is the recent sales history?
The property sold between $300k-$350k in 2024, and previously between $200k-$250k in 2019. This indicates a trend of increasing value.
3. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value for taxation purposes is $28,800, which is typical for the street and area. Market price is determined by recent sales, condition, and demand, as reflected in the 2024 sale price range.
4. How does the lot size compare?
The 4,839 sqft lot is above average for both the street and the local area, providing more outdoor space than many comparable properties.
5. Where can I see more detailed neighbourhood data?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby homes with comparative data for year built, living area, assessed value, and lot size.