Property Overview
This 1959 one-storey home in Birchwood presents a compelling blend of established neighbourhood character and above-average space. Its primary appeal lies in its generous 7,768 sqft lot and a renovated basement, offering significant room for both living and potential outdoor enjoyment. With a living area of 1,722 sqft ranking in the top 21% of the neighbourhood, it provides more interior space than many comparable homes. The property consistently ranks in the top tiers for lot size, living area, and assessed value within its immediate street, suggesting it's a standout property on its block.
It would suit buyers looking for a solid, spacious bungalow with a move-in-ready basement in a mature area. It's ideal for those who value a large yard for gardening, children, or pets, and for owners who appreciate a home that compares favourably to its direct neighbours in key metrics. The data indicates it may also attract value-conscious buyers noting its assessed value is substantially lower than some nearby properties, potentially pointing to different market dynamics or renovation levels.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking or market price?
The assessed value is $42,300, which is a municipal valuation for tax purposes. It is notably lower than some comparable listings in the area (one nearby home is listed at $500k), but closely aligned with others. Market price is determined by current conditions, recent sales, and the home's specific features, so a professional appraisal and market analysis are essential.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Viewing the property is necessary to determine the finish quality, ceiling height, legal egress, and whether it includes added bedrooms, a bathroom, or a legal secondary suite.
3. The home is 67 years old. What should I expect regarding maintenance?
While the basement is renovated, major original systems like plumbing, electrical, the roof, and the foundation should be carefully inspected. A pre-purchase home inspection is highly recommended to assess the condition of these older components and plan for potential updates.
4. The lot is large, but are there any restrictions on its use?
The 7,768 sqft lot is a major asset. Buyers should verify zoning bylaws with the city to understand what is permitted, such as building additions, a garage, a garden suite, or pool, as well as any easements or rights-of-way that might affect usability.
5. The home ranks well on its street, but how is the neighbourhood overall?
The data shows the property ranks highly on its specific street for key features. Neighbourhood rankings for metrics like year built are more moderate. This suggests a very strong position within a micro-location, making it worthwhile to research broader Birchwood amenities, traffic patterns, and future development plans to get the full picture.