Property Overview
This 813 sqft bi-level home at 769 Simcoe Street presents a distinct profile. Built in 1991, it is a notably modern property within its historic Daniel McIntyre neighbourhood, where most homes are over a century old. Its key characteristics include a renovated basement and a detached garage. The living space is compact compared to area averages, but the property stands out for its very recent construction in context and its above-average assessed value for the immediate area. The lot is a manageable 2,482 sqft. It last sold in November 2019 for $180,000.
Its appeal lies in being a low-maintenance, modern home in an established inner-city community. It suits first-time buyers seeking a move-in-ready property without the upkeep concerns of a century home, or downsizers looking for single-level living (bi-level) in a convenient location. A thoughtful perspective is that it offers "new build" amenities without the premium of a brand-new subdivision home, while still providing the character and maturity of an older neighbourhood. The above-average assessment for the street suggests it may have perceived value or upgrades not immediately obvious from the basic metrics.
Frequently Asked Questions
Is this house much smaller than others nearby?
Yes. At 813 sqft, the living area is below the average for both Simcoe Street and the wider Daniel McIntyre neighbourhood. This indicates a more compact, efficient layout.
Why is the assessed value higher than other homes on the street?
The assessed value of $23,700 is in the top 9% for Simcoe Street. This is likely due to the combination of its modern build (1991), renovated basement, and being in move-in ready condition compared to many older, unrenovated homes in the area.
How does the 1991 build date compare to the neighbourhood?
It is exceptionally recent. The home is in the top 3-4% for year built in its local area, where the typical home was built around 1914-1920. This is one of its most defining features.
What does the lot size mean for upkeep and potential?
At 2,482 sqft, the lot is below the city-wide average but fairly typical for central neighbourhoods. It means less yard maintenance than a large suburban lot, but may limit expansion possibilities like a large addition. The detached garage is a valuable asset given the lot size.
How does the 2019 sale price relate to current value?
The home sold for $180,000 in late 2019. This historical data provides a benchmark, but current market conditions, any further upgrades, and area trends since that time will determine its present market value.