Property Overview
This one-and-a-half storey home, built in 1942, sits on a generous 5,424 sqft lot in Bruce Park. Its primary appeal lies in its spacious 2,066 sqft living area, which is exceptionally large for the immediate area, offering significantly more interior space than most neighbouring homes. The property features a detached garage and an unrenovated basement. The lot size is well above average for the street, providing ample outdoor space in a mature neighbourhood. Recent sale history shows a substantial increase in value, indicating strong market interest.
Key Characteristics & Ideal Buyer
The home’s standout feature is its scale. It offers the interior space of a much larger, modern home within the classic frame of a 1940s build, a rare find on its street. This is complemented by a lot that is both private and sizable for the area. Its appeal is for a practical buyer who values space and potential over turn-key perfection. The unrenovated basement and older systems suggest it would suit a homeowner comfortable with gradual updates or someone looking for a project where the core structure—the living space and land—is already a strong asset. It’s an ideal fit for a growing family needing room, a multi-generational household, or an investor-builder who sees the underlying value in the lot and square footage for a future renovation or expansion.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1940s home?
This style often features a main floor with principal rooms and a second floor under sloping roof lines, which may include cozy bedrooms or dormers. It combines the layout of a bungalow with additional, character-filled upstairs space.
2. The assessed value seems low compared to the recent sale price. Why is that?
Municipal assessed value for tax purposes often lags behind the current market. The sharp increase from its 2017 sale price to its 2022 sale price likely reflects market trends and the property’s inherent desirability, which a future assessment may catch up to.
3. Is the large living area due to finished space in the basement?
No. The listed living area (2,066 sqft) typically refers to above-grade, finished space. The basement is noted as being present but unrenovated, meaning this square footage is primarily in the main and upper floors, which is what makes it so notable for the neighbourhood.
4. The home is older. What should I consider?
While the structure offers great space, a home from 1942 will likely have original or older mechanical systems (plumbing, electrical, heating), windows, and insulation. Budgeting for updates or energy efficiency improvements is a sensible consideration alongside the purchase price.
5. How does the lot size compare practically?
At over 5,400 sqft, the lot is significantly larger than the average for Bruce Park (~3,581 sqft). This translates to more backyard space, greater distance from neighbours, and potentially more options for gardening, play areas, or future additions like a deck or garage expansion, subject to local bylaws.