Property Overview: 1060 Brussels Street, Holden
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, presents a practical opportunity in the Holden neighbourhood. Its key appeal lies in its solid foundation and straightforward layout, featuring 1,330 sqft of living space and a detached garage on a 4,239 sqft lot. While the basement is noted as unrenovated, this offers a clear canvas for future improvements.
The home’s standout characteristic is its positioning within the local context. Its living area is notably above average for the Holden area, offering more interior space than most comparable homes nearby. This makes it a practical choice for those seeking roominess in this specific community. The assessed value is modest, especially when viewed city-wide, suggesting an accessible entry point into the market.
This property would suit a value-conscious buyer, such as a first-time homeowner or an investor, who is comfortable with a home that has good bones but may require personalization. Its appeal is less about luxury finishes and more about the potential locked in a structurally sound, character-home footprint within a established neighbourhood. A thoughtful perspective is that its "average" metrics on its own street indicate it fits right into a stable, consistent streetscape, which can be a positive sign of neighbourhood cohesion.
Frequently Asked Questions
1. What is the true market value, given the sold price and assessed value?
The assessed value is significantly lower than typical city-wide averages, while the last recorded sale was in the range of $17.5k-$20.5k (April 2024). This indicates a property with a very low municipal tax assessment. Prospective buyers should investigate current market conditions and obtain a professional appraisal to determine its present market value.
2. What does "basement, not renovated" imply?
It indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and are strongly advised to include a thorough inspection to assess the foundation, moisture levels, and mechanical systems.
3. How does the living area compare to other homes?
This is a key feature. At 1,330 sqft, the home offers more living space than approximately 96% of comparable properties in the Holden area, making it a relatively spacious option for this specific community.
4. What is the significance of the lot size ranking on the street?
The lot is noted as the smallest among the six comparable properties on Brussels Street. While still a good size, this means it may have less yard space than its immediate neighbours. The upside can be lower maintenance.
5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who prioritize a large, expansive yard. The value here is in the existing structure and location, with an understanding that some investment may be desired to update it to modern standards.