651 Flora Avenue

Property Overview & Appeal

This one-and-three-quarter storey home, built in 1925, presents a classic character property with notable space and value within its community. Its key appeal lies in its generous proportions, ranking in the top 5% for living area on its street and the top 7% in the Dufferin neighbourhood. With 1,722 sqft of living space and a large 2,864 sqft lot, it offers significant room for a growing household or future expansion. The home’s assessed value of $220k ranks highly within its immediate area, suggesting a solid foundation of municipal valuation relative to nearby properties. The basement exists but is noted as not renovated, indicating a space with potential.

This property would suit a practical buyer who values space over turn-key finishes—someone comfortable with a home that has good bones but may require updates. It’s a strong candidate for a long-term holder who can appreciate its above-average lot and interior size for the area, and who sees potential in personalizing the space over time. The 2019 sale price of $29.9k, while not reflective of current market value, underscores a history of investment potential in the locale.

Frequently Asked Questions

1. What does “not renovated” for the basement imply?
It typically means the basement is in original or functional condition, lacking modern finishes. It may be suited for laundry and storage, with the potential for future development subject to inspections and permits.

2. How significant is the lot size?
At 2,864 sqft, the lot is larger than many in the immediate vicinity. This provides valuable outdoor space and potential for gardening, play, or future additions like a garage or deck, which can be a rarity in older neighbourhoods.

3. The home sold for $29.9k in 2019. Does that affect its current value?
Not directly. That prior sale likely reflected a very different condition or market circumstance. The current assessed value and market pricing are based on present-day evaluations and comparable sales.

4. There’s no garage. Is street parking manageable?
The listing notes no garage, so parking is on-street. Prospective buyers should visit at different times to assess typical parking availability on Flora Avenue and neighbouring streets.

5. The home is over 100 years old. What should I prioritize during an inspection?
Given the age, an inspection should focus on the foundation, roof, electrical, plumbing, and heating systems. The “not renovated” basement also warrants close attention for moisture management and structural integrity.