Property Overview
This 1954 one-storey home on Borebank Street in Central River Heights is a property defined by its land and location. Sitting on a 6,000 sqft lot that is notably larger than many in the immediate area, its primary appeal is the generous outdoor space and established neighbourhood setting. The home itself offers a renovated basement and a detached garage, with a living area of approximately 1,194 sqft that is average for its context. Its assessed value consistently ranks above average for the street, neighbourhood, and city, suggesting a well-regarded parcel. This home would suit a buyer who prioritizes lot size and the quiet, tree-lined streets of River Heights over a large or modern interior. It’s a practical choice for someone looking to put down roots in a central community, potentially with an eye toward future expansion or garden development, given the sizable lot.
Frequently Asked Questions
How does the lot size compare practically?
At 6,000 sqft, the lot is in the top 17% on Borebank Street. This means you have significantly more yard space than many neighbouring properties, offering greater potential for gardening, play areas, or additions.
Is the home’s age a concern?
Built in 1954, it is newer than many homes on the street and in Central River Heights overall. While systems will still require due diligence, it’s a relatively younger home in an established neighbourhood.
What does the "above average" assessed value indicate?
The assessed value ranks in the top 19-28% across various comparisons. This typically reflects the combined desirability of the lot size, location, and property condition relative to others, which can be a positive indicator for long-term value.
How has the property’s value changed?
Previous sales show a price increase from $35.6k in 2017 to $40.5k in 2020. This trend aligns with the above-average assessed value and suggests steady appreciation in the current market context.
What is the neighbourhood like for daily life?
Central River Heights is a mature, central neighbourhood known for its walkability to local shops, schools, and parks. Borebank Street itself appears to be a stable, residential street with homes of varying vintages, as seen in the nearby listings.