Property Overview & Appeal
This 1904 two-and-a-half storey home in Daniel McIntyre offers a distinct blend of historic character and practical space. Its key appeal lies in its generous proportions: with 1,904 sqft of living area, it ranks in the top 5% for size both on its street and in the neighbourhood, providing significantly more interior room than most local comparables. The lot is also notably larger than area averages, offering valuable outdoor space in an inner-city setting. While the home retains its original charm, it presents as a project, featuring an unrenovated basement and a below-average assessed value that reflects its need for modernization.
This property would suit a specific buyer: a handy homeowner, investor, or renovator looking for a character-filled canvas with above-average square footage in a central location. It’s an opportunity to add value through updates while securing a home with inherent space advantages that are rare for the area. A less obvious perspective is that the low assessment, while indicating work is needed, could provide a favourable property tax position relative to the actual living space you acquire.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement space is in its original or utilitarian state, likely lacking modern finishes, an upgraded ceiling, or a legal secondary suite. It may house the mechanical systems and offer ample storage or workshop potential.
2. The assessed value seems low compared to the living area. Why?
Municipal assessments primarily reflect market value for tax purposes. A low assessment on a large home often indicates that the property’s condition, specific features, or required updates outweigh the value of its sheer size in the official valuation model.
3. Is the larger lot size a significant advantage?
Yes. In established neighbourhoods, a lot that’s 25% larger than the area average provides more privacy, yard space, gardening potential, and future flexibility (like adding a garage or deck) than most neighbouring properties.
4. What are the considerations with a home built in 1904?
While offering classic character, it’s essential to budget for and inspect older systems. This includes the foundation, wiring, plumbing, and insulation. The charm comes with the responsibility of maintaining a historic structure, though many original materials are of high quality.
5. How does the ranking system ("Top 5%") help me understand this property?
These rankings contextualize the home’s metrics against immediate neighbours and the wider city. For example, ranking in the top 5% for living area on its street confirms it is genuinely a large, space-advantaged property in its specific location, not just in general terms.