Property Overview & Key Characteristics
This is a well-established two-storey home in Betsworth, built in 1976 on a generous, approximately 6,000 sqft lot. Its key features include 1,456 sqft of living space and a finished basement. The home presents a classic layout with an attached garage. Its appeal lies in its solid footprint and desirable lot size within a mature neighbourhood. The data suggests it outperforms most homes on its specific street in terms of size, age, and living area, indicating it is one of the larger and better-maintained properties in its immediate vicinity.
This property would suit a buyer looking for a move-in ready home with room to grow outdoors, without the premium of a brand-new build. It’s ideal for those who value established communities and a home with a proven history. A thoughtful perspective is that while its rankings within the broader community and city are moderate, its strong standing on its own street hints at a stable and desirable micro-location, which can often be more meaningful for daily living and future value retention than city-wide comparisons.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent or features. A professional inspection is recommended to determine the quality of the finish, ceiling height, and whether it includes a proper bathroom or legal egress.
2. How does the assessment value relate to the likely asking price?
The municipal assessment is $375,000, which is used for tax purposes. The actual market price can be higher or lower based on current market conditions, the home's updated features, and buyer demand. It serves as a baseline, not a sale price.
3. The home is 50 years old. What should I be mindful of?
Key systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. An inspection is crucial to identify if major components have been updated or if significant investments are on the horizon.
4. The lot is large, but what are the rules for using it?
A near-6,000 sqft lot offers great potential for gardens, play space, or additions. Buyers should verify zoning bylaws with the city for any plans to build a shed, expand the home, or add a parking pad to ensure compliance.
5. The community ranking for "Value" is lower. What does that indicate?
The home's assessed value ranks in the top 70% of its community (meaning it's assessed higher than 30% of homes). This doesn't mean it's overpriced, but suggests that within Betsworth, there are many homes with a lower assessed value. This could reflect the home's larger size and finished state compared to more modest houses in the area.