Property Overview
This 1990-built bi-level home at 1882 Pacific Avenue W in Brooklands presents a practical opportunity centered on its land and location. The 865 sqft living space is functional and straightforward, with an unfinished basement offering potential. Its key appeal lies in the property metrics: it sits on a 3,322 sqft lot that is notably larger than most on its street, and the home itself is significantly newer than many area comparables. With no garage or pool, it’s a no-frills property, but the very low assessed value points to a highly accessible price point. This home would suit a first-time buyer, an investor looking for a land-value play, or someone seeking a modest, low-maintenance footprint with the option to customize the basement over time. It’s a property where the value is more in what it could become than in its current finish.
Frequently Asked Questions
What does the "above average" ranking for Year Built actually mean?
It means this 1990-built home is newer than 89% of similar properties on its street, 72% in Brooklands, and 78% citywide. In a neighbourhood with many older homes, this suggests potentially fewer immediate concerns with aging components like wiring or plumbing.
Is the low assessed value a red flag?
Not necessarily. The assessed value ($23.80k) is for taxation purposes and is often far below market value. Its ranking shows it's above average for its street. The very low prior sale price ($17.80k in 2017) indicates this has been a consistently low-value property, likely reflecting its modest size and condition rather than a specific issue.
How usable is the lot given its "above average" size?
At 3,322 sqft, the lot is larger than 77% of those on Pacific Avenue W. This could allow for more private outdoor space, gardening, or storage than neighbours might have, which is a subtle but valuable advantage in a modest neighbourhood.
Who might this property not be suitable for?
It would not suit buyers needing move-in-ready finishes, multiple bedrooms, dedicated parking (there's no garage), or who prioritize immediate high-end amenities. The unfinished basement requires a vision and budget to utilize.
The living area is ranked "below average" citywide. How does it feel day-to-day?
At 865 sqft, the main living space is compact. For a single person, couple, or small family comfortable with efficient living, it’s manageable. The bi-level design and unfinished basement, however, offer clear zones to separate living and utility spaces, which can make the main floor feel more organized.