Property Overview: 1029 Windermere Avenue
Key Characteristics & Buyer Appeal
This 1916 one-storey home in Beaumont sits on a large, approximately 6,000 sqft lot, which is a standout feature ranking in the top third for size on its street. The home itself has 816 sqft of living space and includes a basement (not renovated) and a detached garage. Its assessed value places it competitively within the upper tiers for the area.
The primary appeal lies in its land value and location within a well-established neighbourhood. The lot size offers significant potential for expansion, gardening, or outdoor living. While the house is older and may require updates, its assessed value suggests it is a solid entry point into the market. This property would particularly suit a value-conscious buyer, such as a first-time homeowner or an investor, who is prepared to renovate over time and sees potential in the substantial lot. A less obvious perspective is that its age and unrenovated state offer a rare blank canvas in a mature neighbourhood, allowing for customizations that might not be possible in a recently flipped home. It’s a property for someone focused on long-term value and personalization rather than immediate move-in perfection.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 79% in same street") actually mean?
This means the property’s specific feature (like lot size) is larger or better than 79% of other properties on the same street. A higher percentage indicates a stronger relative standing for that metric.
2. The home was built in 1916. What should I be concerned about?
Given the age, prospective buyers should budget for and investigate potential updates to major systems like wiring, plumbing, and insulation. A thorough home inspection is essential to understand the true condition.
3. The basement is noted as "not renovated." What is its likely condition?
This typically indicates an unfinished or partly finished space in original or utilitarian condition. It may be suitable for storage or laundry but will likely require significant work to become a comfortable living area.
4. How does the 816 sqft living area feel for a family?
At just over 800 sqft, the main-floor living space is compact. It would suit a small family, a couple, or an individual comfortably, but emphasizes efficient use of space. The large lot and basement potential offer opportunities to expand living areas in the future.
5. Why is the assessed value notably lower than many nearby properties?
The assessed value reflects the property’s age, smaller living area, and unrenovated condition. It primarily captures the value of the land and the existing structure as-is, rather than potential after renovations, which is common for older homes in established areas.