Property Overview
This one-and-a-half storey home, built in 1947, sits on a 5,370 sqft lot in Bruce Park. Its primary appeal lies in its above-average living space (1,521 sqft) for the area and its solid, vintage character. The lot size is notably smaller than others on Riverbend Crescent but is typical for the wider neighbourhood. With an unrenovated basement and no garage, the property presents a clear value-oriented opportunity. Its assessed value is modest compared to the immediate street, suggesting room for added value through updates. This home suits a practical buyer looking for solid square footage in a established area, who is prepared to handle cosmetic updates or a basement refinish over time. It’s a canvas for someone who values interior space over expansive outdoor grounds and is comfortable with a home that has a history and clear potential.
Key Details & FAQs
Key Characteristics & Appeal:
- Structure & Space: A 1947, one-and-a-half storey home with 1,521 sqft of living area, which is larger than many comparable homes in Bruce Park and citywide.
- Land & Setting: The 5,370 sqft lot is below average for its specific street but aligns with the neighbourhood norm. This may appeal to those who prefer less yard maintenance.
- Condition & Potential: The home features an unrenovated basement and no garage. Its primary draw is its generous interior footprint and the opportunity to customize it to a new owner's taste, reflected in its below-average assessed value for the street.
- Ideal Buyer: Best suited for a value-conscious purchaser, a hands-on homeowner comfortable with gradual improvements, or an investor looking for a property with solid fundamentals in an established area. It's less suited for those seeking a turn-key home or extensive outdoor space.
Frequently Asked Questions:
1. What does "unrenovated basement" typically imply?
It usually means the basement is in original or functional condition, possibly with dated finishes, and is awaiting modernization. Buyers should budget for potential updates to make it a fully finished living space.
2. How does the smaller lot on this street affect the property?
While the lot is smaller than others on Riverbend Crescent, it is average for Bruce Park. This could mean less private outdoor space than some neighbours but also lower maintenance. It's a trade-off that keeps the property grounded in the neighbourhood's typical scale.
3. The home was last sold in 2020. What does that recent sale history indicate?
The sale four years ago suggests the current ownership period has been relatively short. Motivated sellers can sometimes present a good opportunity, but it's wise to understand their reason for selling.
4. With no garage, what are the parking options?
The listing indicates no garage, so parking would be limited to driveway or on-street. Prospective buyers should verify the driveway capacity and local street parking regulations during a viewing.
5. The assessed value is lower than the street average. Is that good or bad?
It can be both. It suggests the property may be undervalued relative to its immediate neighbours, which is positive for property taxes and purchase price. However, it often reflects the home's current condition and lack of updates compared to others on the street.