Property Overview
This 2016-built bi-level home at 1853 Bannatyne Avenue W in Brooklands presents a distinct mix of modern convenience and modest scale. Its primary appeal lies in being a notably newer construction in an area dominated by older homes, offering move-in readiness with a renovated basement. The 905 sqft living area is compact but efficient, situated on a smaller, manageable lot. The home’s assessed value is high for its immediate street and neighbourhood, suggesting it is viewed favorably relative to its local peers. This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without the risks or projects of an older house. It’s also a practical choice for investors looking for a newer asset in a stable neighbourhood, given its modern systems and recent renovation.
Key Details & FAQs
- Key Characteristics: A 10-year-old bi-level with a renovated basement. It features a smaller living area (905 sqft) and a below-average lot size for the area (2,577 sqft).
- Primary Appeal: Its 2016 build date is a standout feature, placing it in the top 7% newest homes on its street and top 14% in Brooklands, offering contemporary construction in an established neighbourhood.
- Ideal Buyer: First-time homeowners, downsizers, or investors seeking a modern, low-maintenance property with recent updates.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below the average for Brooklands, it translates to less yard maintenance—a potential benefit for buyers seeking a manageable outdoor space without extensive upkeep.
2. Why is the assessed value higher than many neighbours?
The significantly newer construction date (2016 vs. a neighbourhood average around 1964) and the renovated basement are key factors that increase its assessed value relative to older, unrenovated homes nearby.
3. How does the living space feel for a bi-level?
At 905 sqft, the living area is compact. The layout and the addition of a renovated basement will be crucial to the sense of space, making the floor plan and basement finish quality important viewing priorities.
4. What does the sale history indicate?
The home last sold in 2016 for $240k, which was above average for the street at the time. This history, combined with its current above-average assessment for the area, suggests it has maintained a value premium due to its newness.
5. Are there any obvious comparisons on the street?
The directly neighbouring property at 1897 Bannatyne Avenue W, built in 1950 with a similar living area but a much lower assessed value, highlights the significant value impact of this home's modern build date.