Property Overview: 717 Melrose Avenue W
Section 1: Key Characteristics & Appeal
This home at 717 Melrose Avenue W presents a compelling mix of value and established community positioning. Built in 1958, it is a notably newer home within its immediate Melrose area, where many houses are older. With 892 sqft of living space, it offers a comfortable footprint that is very typical for the neighbourhood, making it a practical and proportional fit for the area.
The property’s primary appeal lies in its strong assessed value relative to its peers. It ranks in the top 10-12% on its street and in the Melrose area for this metric, suggesting it is a well-regarded asset in its local context. The 4,500 sqft lot provides a generous outdoor space that is above the local average. This combination points to a home that offers solid intrinsic value within its community, rather than excessive size.
This property would suit a first-time buyer or a downsizer looking for a manageable home in an established neighbourhood without the premium of a newly built house. It’s also a sensible choice for a value-focused investor who recognizes the advantage of a higher assessed value in a stable area. The data suggests it’s for someone who prioritizes community-relative strength and lot size over having a larger-than-average interior space compared to the wider city.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It means that, compared to similar properties on the same street and in the Melrose area, this home has a higher municipal assessment. This often reflects the property’s condition, improvements, or desirability within its specific local market, and can be a positive indicator of its standing in the neighbourhood.
2. Is the living space small?
At 892 sqft, the living area is slightly below the city-wide average but is very much in line with the typical home size in the Melrose area. It represents the standard, efficient layout common to many well-maintained homes of its era in this community.
3. How does the 1958 build year compare?
While around average for the city, this home is actually newer than many in the Melrose area. This can imply potentially fewer issues with very aged infrastructure common in some older homes, offering a relative advantage in this specific neighbourhood.
4. What can the past sale price range tell me?
The recorded sale in the 2016-2025 period falling in the CA$250k–300k range provides a historical benchmark. To understand current market value, this should be compared with recent sales of similar homes in the area, as prices have likely shifted since that transaction.
5. How do I find out the exact past sale price?
The exact sold price is not publicly displayed in detail here. You can request it by email via the button on the property page. The service is manual, with a promised reply by the end of the same day, and your email is not used for marketing spam.