Property Overview
This well-situated Archwood home presents a classic one-and-a-half storey layout on a generous lot. Its key appeal lies in a combination of established charm, practical updates, and a location within a mature neighbourhood. The home features a renovated basement, adding valuable finished living space to the 1,248 sqft footprint, and a detached garage. Built in 1948, it sits on a lot that is larger than most in the immediate area, offering above-average outdoor space for the street and neighbourhood.
The property would particularly suit first-time buyers or downsizers looking for a manageable, character home with some modern touches in a quiet area. Its above-average lot size also appeals to those who value private outdoor space or have future landscaping or expansion in mind. The recent basement renovation suggests a home that has been cared for with modern living in mind, while the classic style retains a sense of warmth and history.
Frequently Asked Questions
What does the ranking data for the lot size actually mean?
The data indicates the property’s 3,298 sqft lot is larger than most comparable properties. It ranks in the top 12% on its street and top 15% in the wider Archwood neighbourhood for land area, which is a notable advantage for privacy, gardening, or play space.
Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $29,300 is for municipal tax purposes. The last known sale was in June 2020 for $25,300. Current market conditions, the home’s updated condition, and buyer demand will determine the final price, which would be expected to be significantly higher than both these figures.
What are the implications of the home’s age (built in 1948)?
While the home has character, prospective buyers should be mindful of the potential for older building components, such as original plumbing, wiring, or windows, which may require inspection or updating. The renovated basement is a positive modern update within this older structure.
How does the living area compare to nearby homes?
At 1,248 sqft, the living area is quite spacious for the immediate area, ranking in the top 8% of the Archwood neighbourhood. This suggests the home may feel more roomy inside than other similar properties from the outside.
What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the main house's living space. However, it also means accessing your vehicle in winter will require going outdoors.