Property Overview & Key Characteristics
This well-situated one-storey home on a generous 5,346 sqft lot in Beaumont presents a practical opportunity. Its key appeal lies in a combination of established neighbourhood character and specific, modernized updates. The fully renovated basement is a significant feature, adding valuable finished space to the 1,077 sqft main floor plan. A detached garage offers flexibility for parking, storage, or workshop use.
The home suits first-time buyers or downsizers looking for a manageable single-level layout with the bonus of a move-in-ready lower level. It also appeals to value-conscious investors or renovators who can see potential beyond the 1955 build date, appreciating the large lot size which ranks above average for the street. A thoughtful perspective is that while the home’s assessed value is in the lower tier for the immediate area, this can indicate a more accessible entry point into the neighbourhood, with the renovated basement already addressing a key cost for new owners.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At over 5,300 sqft, the property’s land area is larger than more than half of the lots on Windermere Avenue, offering above-average outdoor space for the street.
2. What does the "renovated basement" entail?
The listing confirms the basement is fully renovated, but specifics on finish quality, layout, and permits should be verified by a buyer’s inspection and direct inquiry with the seller.
3. Is the price reflective of the home’s condition?
The home last sold in 2016. Its current assessed value is notably lower than many neighbours, which may relate to its age, the scope of updates needed elsewhere, or market factors. A professional appraisal and market analysis are recommended.
4. What is the neighbourhood like?
Beaumont is an established area. The rankings show this property is mid-range for living area within the neighbourhood, suggesting it fits a typical scale for the community.
5. Are there any concerns with a home of this age?
Being built in 1955, potential buyers should prioritize inspections for foundational integrity, roof lifespan, and updates to major systems like plumbing and electrical, even with a renovated basement.