Property Overview & Key Characteristics
This is a 1.5-storey home built in 1903, situated on a 2,600 sqft lot in Brooklands. With 1,132 sqft of living space, it offers a practical footprint. The property features a detached garage and a basement that is present but not renovated. It last sold in February 2025.
Its appeal lies in its value proposition and potential. The home offers above-average living space for the Brooklands neighbourhood and sits on a manageable lot. The very low assessed value and recent sale price point to an entry-level opportunity, likely for a land-value proposition or a renovation project. It would suit a hands-on buyer looking for a foothold in the market, an investor considering a lot with an existing structure, or someone specifically interested in the character of a century-old home. A thoughtful perspective is that its older vintage, while requiring attention, offers a tangible connection to the city's history that newer homes cannot replicate.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized or finished. Buyers should budget for potential updates to insulation, flooring, or utilities.
2. How does the lot size compare to others?
At 2,600 sqft, the lot is smaller than the average for both the immediate street and the city overall. However, it is a manageable size for maintenance and is fairly typical for the central Brooklands neighbourhood.
3. The home was built in 1903. What should I consider?
While offering classic charm, a home of this age will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and structure to plan for updates or repairs.
4. Why is the assessed value significantly different from the sale price?
Municipal assessed value for taxation purposes often lags behind market value and is calculated using a specific formula. The recent sale price of $21,500 is a clearer reflection of its current market value as a fixer-upper or land-value property.
5. Who would this property not suit?
It is not suited for buyers seeking a move-in-ready home without renovation work. It may also not fit those needing a very large yard or who prefer the layout and systems of a modern, newly built house.