Property Overview: 1058 Aberdeen Avenue
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1921, situated on a notably spacious lot in the Burrows Central neighbourhood. Its primary appeal lies in the land itself—at 3,424 sqft, the property offers an above-average lot size for both the street and the immediate area, presenting a solid foundation for future expansion or outdoor projects. The home is modest in size at 640 sqft of living space and features an unrenovated basement, indicating it is likely a fixer-upper or a candidate for significant updates.
The property would best suit a practical buyer looking for a land-value opportunity. This includes investors, builders, or handy homeowners who see potential in the generous lot and are prepared to undertake renovations. Its very low assessed value and last sale price point to an entry-level opportunity, ideal for those prioritizing lot size and location over move-in-ready condition. A thoughtful perspective for a buyer is to consider the long-term potential of the lot against the immediate investment required to modernize the century-old structure.
Section 2: Frequently Asked Questions
1. What is the true focus of this listing?
The data suggests the value is primarily in the land. The lot size is well above average for the street, while the house itself is smaller and older than most comparables. It is positioned as a foundation for future development rather than a finished home.
2. What does "unrenovated basement" typically imply?
In a home from this era, it usually means a basement with original or outdated finishes, possibly with fundamental systems like plumbing, electrical, or foundation that may need evaluation and updating. It represents both a project and potential for added living space.
3. How does the assessed value compare to the sale price?
The last recorded sale was significantly below the current assessed value. This discrepancy may reflect the property's condition at the time of that sale and highlights the importance of a current appraisal and understanding the municipality's valuation method for tax purposes.
4. Who might be the most realistic buyer for this home?
Given its profile, realistic buyers include contractors or renovators looking for a project, investors interested in the land value for future development, or very budget-conscious buyers prepared to live in a work-in-progress to build equity over time.
5. What should I research about the neighbourhood?
Beyond the property metrics, investigate Burrows Central's community plans, any upcoming infrastructure projects, and typical development patterns. Understanding the neighbourhood's trajectory will help assess if the investment in renovating or rebuilding on this lot aligns with area trends.