Property Overview
This is a well-situated, single-storey home on a generous lot in the established Central River Heights neighbourhood. Built in 1953, it features a renovated basement and a detached garage. The property’s key appeal lies in its balance: it offers a larger-than-average city lot (5,761 sq ft) that provides space and potential, while the house itself is a manageable size (1,073 sq ft). Its assessed value is in line with area averages, suggesting a stable, mid-market investment. The home last sold in 2020.
This property would suit a first-time buyer or downsizer looking for a low-maintenance footprint without sacrificing outdoor space in a coveted neighbourhood. It’s also a candidate for a long-term holder who values the lot size for future expansion or landscaping projects more than immediate square footage. The renovated basement adds functional living space, making it practical for small families or those who work from home.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 5,761 sq ft is above average for both the immediate street and the broader Central River Heights area, offering more private outdoor space than many comparable properties.
2. Is the house smaller than others in the area?
Yes, the living area is somewhat below the neighbourhood average. This indicates a home where the value is weighted more toward the land and location, ideal for those who prioritize lot size over a large interior.
3. What does the "renovated basement" include?
The details of the renovation are not specified here. A viewing or inquiry with the listing agent is necessary to determine the finish quality, layout, and whether it includes legal secondary suite potential.
4. The home sold in 2020 for significantly less than its current assessed value. Why?
Market conditions have changed considerably since mid-2020. The assessed value is an estimate for taxation purposes, while the sale price from 2020 reflects the market at that specific time. The current listing price would be determined by today's market.
5. How does the year built affect this home?
Built in 1953, it is newer than many homes on its street and in River Heights. This can be an advantage, potentially meaning fewer concerns with very old plumbing, electrical, or foundations, though a thorough inspection is always recommended.