Property Overview: 785 Weatherdon Avenue
Key Characteristics & Appeal
This two-storey home at 785 Weatherdon Avenue is a distinctly modern property within the established Ebby-Wentworth neighbourhood. Its primary appeal lies in its newness and above-average size. Built in 2023, it is among the newest homes in the area, offering contemporary construction and likely minimal immediate maintenance. With 1,592 sqft of living space, it provides substantially more room than most local comparables, ranking in the top 10% on its street and top 7% in the neighbourhood for living area.
The home’s assessed value of $590k positions it in the top tier of the local market, suggesting high-quality finishes and a premium offering. A key, less obvious characteristic is the property’s efficient use of land. While the 2,500 sqft lot is smaller than the neighbourhood average, this often translates to less yard upkeep, making it a practical choice for those seeking a modern home without extensive grounds to maintain. The renovated basement adds functional living space.
This property would best suit buyers looking for a move-in-ready, modern home in a mature area, who prioritize interior space and new construction over a large yard. It’s ideal for professionals, small families, or anyone wanting to avoid the immediate renovations often required with older character homes.
Frequently Asked Questions
1. Why is the assessed value so much higher than nearby older homes?
The assessed value reflects the property's new construction (2023), significantly larger living area, and modern renovations. It is evaluated as a premium, contemporary home compared to the many older, smaller houses on the street.
2. What does having a smaller lot mean for me?
The 2,500 sqft lot requires less maintenance than larger yards, which can be a benefit for busy homeowners. However, it may limit options for extensive landscaping, additions, or outdoor recreational space compared to other properties in the city.
3. Is the sale price from 2024 a reliable indicator of current value?
The October 2024 sale price of $610k is a recent and strong data point. However, market conditions change, so it should be used as a key benchmark alongside a current professional appraisal and comparative market analysis.
4. The home is described as having a renovated basement. What does that typically include?
While specific finishes aren't listed, a "renovated basement" in a home of this caliber generally means it is finished as legal living space, potentially including areas such as a recreation room, additional bedroom(s), a bathroom, or a home office.
5. How does the property’s new construction impact utility costs and insurance?
Newer homes generally feature modern, energy-efficient building materials, windows, and appliances, which can lead to lower heating and cooling costs. They may also qualify for preferred insurance rates due to updated electrical, plumbing, and roofing systems.