Property Overview
This one-and-a-half storey home on Boyd Avenue in Burrows Central is a property defined by its generous proportions and value-oriented profile. Built in 1927, it sits on a 3,416 sqft lot, which is notably larger than most in the immediate area. Its key appeal lies in its above-average living space of 1,428 sqft, ranking it within the top 5% of homes in the neighbourhood for size. The home features a detached garage and a basement that is present but not renovated.
The property would suit practical buyers looking for a footprint with room to grow, whether that means future expansions, gardening, or simply more outdoor space than is typical. It's particularly compelling for value-conscious purchasers or investors, as its last sale price and assessed value are significantly below the city-wide average, suggesting potential in a well-established neighbourhood. This isn't a move-in-ready showcase home; its appeal is rooted in its underlying assets—the lot size and living area—offering a solid foundation for someone willing to put in work over time.
Frequently Asked Questions
What does "not renovated" for the basement imply?
This typically means the basement is in original or functional condition, with unfinished or dated finishes. It's usable space for storage or utilities, but any finished living area would require a future investment.
How can the assessed value be so much lower than the city average?
Assessed values are for municipal tax purposes and are heavily influenced by local market sales. In neighbourhoods like Burrows Central with older housing stock and lower recent sale prices, assessments are consistently below the average for newer city developments.
Is the large lot size a advantage for future plans?
Potentially, yes. A lot size in the top quarter for the street provides rare flexibility in this area. It could accommodate an addition, a larger garage, or simply more private outdoor space, which are valuable assets not easily found.
Who might this property not suit?
Buyers seeking a modern, turn-key home without renovation projects should look elsewhere. The age of the home and the unrenovated basement indicate that updates will be needed.
The last sale was in 2021. What does that indicate?
A relatively recent sale suggests the current owners have held the property for a short period. It’s worth investigating the reasons for the quick turnaround, which could range from personal circumstances to a strategic investment flip.