Property Overview
This one-storey home on Pacific Avenue in Brooklands is defined by its modest scale and its value as a land investment. Built in 1952, it is a newer construction compared to many on its street. The key characteristic is the relationship between its 621 sqft living area and its 2,593 sqft lot. The home itself is quite compact, ranking in the bottom 5-7% for size locally, while the lot is closer to the middle of the pack for the area. This creates a clear opportunity: the property's primary appeal lies in its potential for renovation, expansion, or eventual redevelopment, supported by a below-average assessed value.
It would best suit a practical buyer looking for an entry point into the market, an investor seeking a rental property with future land-value upside, or someone willing to undertake a significant remodel to create a customized home on a decent lot. Its low sale history and assessed value indicate it is a true starter property or investment vehicle, not a move-in-ready family home.
Frequently Asked Questions
1. Is this a tear-down property?
Not necessarily. While the living space is small, the home is structurally newer than many on the street. It could be a candidate for a significant renovation and addition, depending on a buyer's goals and budget, making it more than just a land purchase.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state—a very small home on a moderately sized lot. It is assessed for what it is today, not for its potential future value after improvements or redevelopment.
3. What does the lot size mean for potential expansion?
At 2,593 sqft, the lot is around the average for Pacific Avenue. This provides reasonable outdoor space and, crucially, may offer the physical room needed for a home addition or a larger replacement home, subject to local zoning and setback bylaws.
4. How does the 2019 sale price relate to today's value?
The 2019 sale of $11,200 established a very low baseline, consistent with the home's size and condition. Current market value will be influenced by subsequent market trends, the property's condition, and its perceived potential.
5. Who would this property not suit?
It is not a match for buyers seeking a turn-key home, those needing substantial living space immediately, or anyone uncomfortable with a project. The appeal is squarely rooted in its value and potential, not in its current offering of space or modern finishes.