Property Overview: 641 Maryland Street
Key Characteristics & Appeal
This is a substantial, century-old two-and-a-half storey home in Daniel McIntyre, offering significant space on a larger-than-average lot. Its primary appeal lies in its generous proportions: at 2,380 sq ft, the living area ranks in the top 10% on its street and the top 1% within the neighbourhood, making it a notably spacious home for the area. The 4,097 sq ft lot also provides ample outdoor space, ranking in the top 15% on the street. It features a detached garage.
The home suits buyers looking for a character property with room to grow or adapt, particularly those with a vision for updates. While the assessed value is above average for the immediate area, it positions the property as a significant asset within its historic community. The basement is noted as unrenovated, indicating potential for customization or a need for modernization. This property would likely attract practical investors, multi-generational families, or owner-occupants who value interior space over a newer build and are prepared to steward a piece of the neighbourhood's architectural history.
Frequently Asked Questions
1. How does the home’s size compare practically?
With 2,380 sq ft of living area, this home is significantly larger than most in Daniel McIntyre (top 1%) and on Maryland Street itself (top 10%). It offers roughly 1,000 more sq ft than the neighbourhood average.
2. What does the assessed value indicate?
The assessed value is above average for both the street and the neighbourhood, but below the city-wide average. This reflects its status as a large, valuable property within a historic, centrally-located community where overall property values are typically lower than in newer suburban areas.
3. The home was built in 1906. What should I consider?
While the structure has stood for over a century, a home of this age will likely have older mechanical systems (like plumbing and wiring) and require a diligent inspection. The unrenovated basement suggests original foundations and utilities, which should be carefully evaluated.
4. How does the lot size benefit me?
At over 4,000 sq ft, the lot is well above the neighbourhood average. This provides valuable outdoor space, potential for gardening, parking, or additions, and contributes to the property's long-term value.
5. What is the context of the last sale price?
The home sold for $175,000 in August 2017. Market conditions and any changes to the property since that date must be considered, and a current market evaluation is essential to understand its present value.