Property Overview & Appeal
This 1989-built, one-storey home on a large 5,552 sqft lot in Betsworth offers a practical and comfortable living space. Its key appeal lies in a combination of established neighbourhood character, above-average lot size, and a modern-enough build that avoids major age-related concerns. With 1,249 sqft of living space, a finished basement, and an attached garage, it provides the essential components for family living or downsizing.
The home’s competitive strength is highlighted by its data rankings: it sits in the top 20% of its street for assessed value and is newer than 98% of homes on the same block. This suggests a well-regarded property within its immediate locale. Its broadest appeal would be to first-time buyers or practical-minded families seeking a move-in ready, single-level home in a mature area without the premium of a brand-new build. It also suits buyers who prioritize a larger, private yard over having a maximized interior square footage.
Five Key Questions for This Property
1. What does the "newer than 98% of homes on the street" ranking practically mean for maintenance?
While no home is maintenance-free, being one of the newer houses on a mature street often means major structural components (like the roof, windows, and foundation) are likely in a later stage of their lifecycle compared to neighbours, potentially deferring significant near-term capital expenses.
2. The living area is ranked lower than the lot size and assessed value. How does the layout use its space?
The rankings indicate the value is driven more by the land and the property's overall standing than by sheer interior size. This points to a efficient, well-proportioned floor plan or desirable outdoor space. Buyers should assess if the 1,249 sqft layout, spread over one main floor plus a finished basement, meets their spatial needs versus simply the total number.
3. The assessed value has risen significantly since the 2017 purchase. Is this in line with the area?
The current assessment of $493,000, placing it in the top 20% on its street, shows strong appreciation. This is a positive indicator of the property's and area's market trajectory. It's wise to compare this growth with recent sales on the same block to understand the current realistic market value.
4. The lot is large, but is there a swimming pool or room to add one?
The listing specifies there is no pool. The generous lot size does offer ample outdoor space for gardening, play, or entertaining, and may provide the option for future landscaping projects or additions, subject to local bylaws.
5. Who might this home not suit?
Buyers seeking a very modern, open-concept layout or extensive recent high-end renovations may find this 1989-built home requires updates. Similarly, those who prioritize being in the absolute top tier of their wider community for interior square footage may find the living area ranking doesn't meet that specific goal.