Property Overview
This 2018-built bi-level home at 1916 Bannatyne Avenue W in Brooklands presents a distinct profile. Its primary appeal lies in its modern construction, being significantly newer than almost all homes on its street and in the wider area. With 928 sqft of living space and an unrenovated basement, it offers a compact, low-maintenance footprint. The lot is modest for the neighbourhood, but this translates to less yard upkeep. The home’s assessed value is notably higher than others on the block, reflecting its newer age.
It would suit a first-time buyer or an investor seeking a modern, "lock-and-leave" property without the concerns of an older home’s major systems. It’s also a practical choice for those who prefer a smaller interior space and minimal outdoor maintenance. A less obvious angle is its potential as a strategic hold in an area of much older housing stock; as surrounding properties gradually renew, its relative modernity could remain a key asset.
Key Details & FAQs
- Key Characteristics: Built in 2018 (bi-level). 928 sqft living area. 2,474 sqft lot. Unrenovated basement. No garage.
- Appeal: Modern construction in an established neighbourhood. Low-maintenance living.
- Ideal For: First-time homebuyers, investors, or downsizers seeking a newer, manageable property.
Frequently Asked Questions
1. Is the home in good condition?
As a home built just 8 years ago, it should be in very good structural and mechanical condition, especially compared to the neighbourhood average where most homes are decades older.
2. Why is the lot size smaller than others on the street?
The lot is in the bottom 5% for size on Bannatyne Avenue W. This is likely due to its more recent construction, where newer infill developments often utilize smaller parcel subdivisions.
3. The assessed value seems high for the street. Why?
The assessment reflects the property’s modern build year. While its lot and living area are modest, the cost to replace the structure today is much higher than for the century-old homes nearby, which is factored into the value.
4. Who might this property not suit?
It may not suit buyers needing extensive finished space (the basement is unrenovated), multiple parking spots (there is no garage), or a large private yard.
5. How does the sale history inform the price?
It last sold in March 2019 for $29,600. The current assessed value is virtually identical at $29,100, suggesting stable value in line with its initial purchase, which is noteworthy given market fluctuations since then.