Property Overview
This is a well-positioned ground-floor condo in the Eric Coy neighbourhood, built in 1996. Its primary appeal lies in offering above-average space (1,319 sqft) within a low-maintenance condo lifestyle, a combination that can be hard to find. The standout feature is its exceptional competitive ranking within its immediate area—it surpasses 98% of homes on its street and 100% within the Eric Coy community for lot size, suggesting a premium location within the neighbourhood. It suits practical buyers seeking a spacious, move-in-ready home without yard work, particularly first-time buyers, downsizers, or investors looking for a stable rental property in a established area. A thoughtful perspective is that while the condo fees cover exterior maintenance, the 1996 build date means potential buyers should be mindful of the building's reserve fund status for future major repairs.
Key Details & FAQs
- Key Characteristics: A 1,319 sqft ground-floor condo with no basement or garage. Built in 1996 with a municipal assessment value of $271,000.
- Where Its Appeal Lies: Offers significantly more interior space than most comparable condos, paired with a highly ranked location on its street and in the Eric Coy community.
- Target Buyer: Ideal for buyers prioritizing space and location over private outdoor amenities, who want to avoid the maintenance of a house.
Frequently Asked Questions
1. What do the "rankings" actually mean?
They show how this property compares to others in three geographic circles. For example, ranking in the "top 2%" on its street for lot size means it is larger than 98% of its immediate neighbours, indicating a potentially more desirable plot within that specific area.
2. Why is the assessment value relatively low compared to its high space rankings?
Municipal assessments for condos factor in the entire building and common elements, not just the unit's size. The assessed value may reflect broader market trends or the building's overall condition and amenities, which differ from the unit's specific appeal of spaciousness.
3. What are the implications of a "ground-floor" condo?
It typically means no stairs to climb for access, which is a plus for accessibility. However, it may have less privacy regarding foot traffic outside windows and could be subject to different noise transfer from common hallways or units above.
4. With no garage, what are the parking arrangements?
The listing does not specify, so this is a critical question. You would need to confirm if it includes a dedicated surface parking spot, underground stall, or only street parking, as this significantly impacts convenience, especially in winter.
5. What should I investigate about the condo corporation?
Given the building's age (30 years), inquire about the health of the reserve fund and any recent or upcoming special assessments. Also, review the condo rules to understand any restrictions on pets, rentals, or renovations that might affect your plans.