Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1949, sits on a modest 4,439 sqft lot in Central River Heights. Its primary appeal lies in its renovated basement and its position as a relatively affordable entry point into a desirable, established neighbourhood. With 917 sqft of living space, it is a compact home, notably smaller than most in the immediate area.
The property suits first-time buyers or investors seeking a lower-priced foothold in River Heights, or those looking for a manageable, low-maintenance property. Its below-average lot size for the neighbourhood could be seen as a drawback for those wanting expansive outdoor space, but also as a benefit for buyers wishing to minimize yard work. A thoughtful perspective is that its older construction date (1949) is actually newer than many neighbouring homes, suggesting potentially fewer immediate heritage-related renovation constraints compared to older houses on the street. The lack of a garage is a consideration for parking and storage.
Frequently Asked Questions
1. How does the lot size compare to others in River Heights?
The lot is 4,439 sqft, which is below the neighbourhood average. This means less yard to maintain but also less private outdoor space than many nearby properties.
2. Has the property value been stable?
Based on provided sales data, the home sold for $35,200 in early 2022 and $25,200 in early 2021. The current assessed value is $35,800, suggesting a stabilization in value over the past few years.
3. What does a "renovated basement" typically mean for a home of this era?
While specifics aren't detailed, a renovated basement in a 1949 home often means updated finishes and likely conversion into livable space, which adds functional square footage to the otherwise compact main living area.
4. Is the living area sufficient for a small family?
At 917 sqft, the living area is below the neighbourhood average. It would likely suit a single person, a couple, or a very small family comfortable with cozy quarters, emphasizing efficient use of space.
5. How does this home rank for its assessed value on its own street?
Its assessed value ranks near the average (Top 55%) for Cambridge Street, indicating it is priced in line with the immediate streetscape, despite being on a smaller lot and having less living space than many area homes.