Property Overview
This two-storey home at 1062 Redwood Avenue presents a compelling mix of modern build and established neighbourhood character. Built in 2017, it is a notably newer construction compared to most homes on its street and in the wider Burrows Central area. With 1,198 sqft of living space, it offers more room than many local comparables. The property sits on a standard city lot and features a detached garage and an unrenovated basement. Its appeal lies in being a turn-key, low-maintenance home in a community of predominantly older houses, offering modern systems and efficiency without the premium often attached to brand-new subdivisions.
It would suit first-time buyers or small families looking for a move-in-ready home without the unpredictability of an older property. It’s also a practical choice for value-conscious buyers who want newer construction but prefer the mature trees and settled feel of an established neighbourhood over a sprawling new development.
Key Details & FAQs
Key Characteristics:
- Built: 2017 (exceptionally new for the area)
- Living Space: 1,198 sqft (above average for the neighbourhood)
- Lot Size: 3,259 sqft (standard for the street)
- Features: Two-storey, detached garage, unrenovated basement.
- Last Sold: May 2017 for $270,000.
Five Possible FAQs:
1. What does it mean that the home is "new" for this area?
The home was built in 2017, placing it in the top 5% of newest homes on the street and in the neighbourhood, where the average build year is around 1934. This suggests newer roofing, wiring, plumbing, and windows, which can mean lower immediate maintenance costs and better energy efficiency.
2. Is the assessed value a good indicator of the likely sale price?
The municipal assessed value is $30.5k, which is used for property tax calculation and is not a market appraisal. The home last sold for $270k in 2017. Market value will depend on current conditions, the home's interior condition, and recent comparable sales.
3. Who would this home not be a good fit for?
It may not suit buyers looking for a large, expansive lot, as the property is around the average size for the street. Those wanting a fully finished basement or an in-ground pool would also need to factor in the cost of renovations or additions.
4. How does the living space compare practically?
At 1,198 sqft, the home offers more space than many in Burrows Central (average ~962 sqft). This typically allows for better-defined rooms or more storage compared to smaller bungalows common in the area, but it is slightly below the city-wide average for a two-storey.
5. What is the potential of the basement?
The listing notes the basement exists but is "not renovated." This presents both a blank canvas for future customization (like a rec room or extra bedroom) and a project that will require investment. A professional inspection is recommended to clarify its current condition and any necessary foundational or moisture-proofing work.