Property Overview
This 1955 one-storey home on a generous 5,151 sqft lot in Beaumont presents a practical and value-conscious opportunity. Its key appeal lies in a well-proportioned balance: it offers more living space (832 sqft) than most in its immediate area, coupled with a significantly larger-than-average lot. The home features a renovated basement and a detached garage. While the house itself is of a vintage common to the neighbourhood, its above-average lot size and living area provide a solid foundation for both comfortable living and future potential.
This property would suit first-time buyers seeking an entry point into a mature neighbourhood without sacrificing indoor and outdoor space. It’s also a practical fit for downsizers or investors looking for a manageable, single-level layout with a renovated basement for added flexibility. The appeal here is grounded in tangible assets—lot size and interior square footage—rather than high-end finishes, making it a straightforward property with clear, quantifiable strengths.
Key Questions & Considerations
1. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on the scope, finish quality, and whether it includes a legal suite or additional bedrooms are essential to determine its true utility and value.
2. How does the lot size impact future plans?
At over 5,000 sqft, the lot is a standout feature. This not only provides ample private outdoor space but could also offer more options for additions, landscaping, or even future redevelopment, subject to local zoning.
3. What is the neighbourhood's character and convenience?
Beaumont is a mature, established area. Buyers should explore local amenities, transit routes, and the general upkeep of nearby homes to gauge the street's appeal and convenience for daily life.
4. Why is the assessed value notably lower than recent sales?
The current assessed value ($33.8k) is lower than the 2016 sale price ($28.3k, implying a value around $128k based on typical down payment conventions). This is common; municipal assessments for tax purposes often don't reflect current market value. A professional appraisal or comparative market analysis is necessary to establish today's true market price.
5. What are the implications of the home's age?
Built in 1955, the major systems (roof, plumbing, electrical, foundation) may be original or have been updated at various times. A thorough inspection is crucial to understand the condition and anticipate any needed investments in maintenance or modernization.