This well-situated Archwood home presents a classic one-and-a-half storey layout on a generous 5,286 sqft lot. Its key appeal lies in the combination of a renovated basement and a desirable, established neighbourhood setting. The detached garage and larger-than-average lot size offer practical value. The home’s living area of 888 sqft suggests a comfortable, manageable footprint.
This property would suit first-time buyers or downsizers looking for a solid, no-fuss home in a quiet area without a major renovation project. It also appeals to those who value outdoor space and the potential that a large lot provides. The recent sale in 2023 indicates a move-in-ready condition, making it a straightforward option.
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What does the "renovated basement" include?
It's important to clarify the scope and quality of the renovation, as well as whether it added legal living space or simply updated an existing area. This affects both livability and value.
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How does the lot size compare?
The lot is a standout feature, ranking in the top 5% of the neighbourhood for size. This is a significant asset, offering more privacy, yard space, and future potential than most nearby properties.
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Is the home smaller than others nearby?
Yes, at 888 sqft, the living area is somewhat modest compared to some neighbours. This isn't necessarily a drawback, but it confirms this is a cozy, efficient home rather than a spacious one.
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What is the condition of the detached garage?
The presence of a detached garage is a plus, but its age, size, and structural condition should be verified, as maintenance or replacement could be a consideration.
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Why the notable difference between the assessed value and the 2023 sale price?
The sale price of $332,500 in 2023 was higher than the current assessed value of $304,000. This is common and reflects market conditions at the time of sale; a current market evaluation would provide a more up-to-date price expectation.