Property Overview: 684 McGee Street
Section 1: Key Characteristics & Appeal
This one-storey home on a generous 3,889 sqft lot presents a specific and compelling value proposition. Its key characteristic is its modest 732 sqft living area, which is notably smaller than most comparable homes in the area, city, and even on its own street. However, this is balanced by a significantly larger-than-average lot for the Daniel McIntyre neighbourhood, offering valuable outdoor space and potential.
The primary appeal lies in its position as an efficient, lower-maintenance entry point into homeownership. With a recently renovated basement and a detached garage, it offers functional basics. The assessed value is modest relative to city-wide averages, suggesting an accessible price point. This property would best suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking a minimalist footprint without sacrificing yard space. A less obvious perspective is that its smaller interior size, combined with the large lot, creates a unique opportunity to prioritize outdoor living or future expansion, which is rare for homes in this price bracket and location.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 732 sqft, the living space is compact and well below the neighbourhood average. It requires efficient use of space and would not suit those needing multiple large rooms. The renovated basement adds crucial functional space.
2. What is the significance of the large lot?
The lot is a standout feature, ranking in the top 7% for size within Daniel McIntyre. This provides excellent private outdoor space, room for gardening, parking, or future additions like a shed or deck, which is uncommon for homes at this value.
3. How does the assessed value compare?
The assessed value is around average for McGee Street but is below average for both the neighbourhood and the city. This typically indicates a more accessible purchase price, but it also reflects the home's smaller size and older age (built 1907).
4. What should I know about the age of the home?
Built in 1907, the home is older than the city-wide average. Buyers should budget for maintenance consistent with a century-old structure and ensure thorough inspections for foundational, electrical, and plumbing updates.
5. Who are the likely neighbours?
The nearby comparable properties are similarly valued, older homes, often with modest sizes. The close proximity of other homes suggests a traditional, dense urban neighbourhood feel rather than a suburban one.