Property Overview & Key Characteristics
610 Regent Avenue W presents a distinct value proposition centered on its land. Built in 1952, the 976 sqft home offers living space that is typical for the Melrose neighbourhood and this specific street. The standout feature is the 6,599 sqft lot, which ranks in the top 2-4% on its street and in the area, offering significantly more outdoor space than most comparable properties. This is contrasted by an assessed value that is notably below average across all comparison levels, suggesting a potential value opportunity based on the land asset.
The primary appeal lies in this combination of a large, potentially under-utilized lot and a lower entry point. It suits a buyer with a vision for the land itself—whether for extensive gardening, expansion, or future redevelopment—who is comfortable with a home that may require updates. It’s a practical choice for an investor or homeowner who prioritizes land size over immediate move-in condition and sees potential where others might see only the older structure. A less obvious perspective is that, in a market where lot sizes are shrinking, this property offers a rarity that cannot be replicated in newer subdivisions, appealing to those seeking long-term utility over short-term finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for taxation purposes and considers factors like the home's age, condition, and recent sales in the area. The significantly lower value here likely reflects the older home in its current state, not the potential value of the large lot.
2. What can the large lot be used for?
Beyond a spacious yard, the lot size may offer flexibility for additions, a large garage, or landscaping projects. Any major structural changes would require checking with the city for zoning bylaws and permitting.
3. Is the living area sufficient for a family?
At 976 sqft, it is comparable to other homes on the street and in Melrose. It provides the essentials but may feel compact for larger families, making the outdoor space a valuable extension of living area.
4. What does the "Elite" ranking for Land Area mean?
It means this property's lot size is larger than 96-98% of the directly comparable homes on its street and in the immediate area, making it a rare find in this locale.
5. How can I find out the exact historical sale prices?
The exact sold price history is not publicly displayed. You can request it manually via the email link provided on the listing page; the service aims to provide the accurate figures by the end of the same business day.