Property Overview & Key Characteristics
This one-and-a-half storey home on a 4,004 sqft lot in Inkster-Faraday presents a practical and well-sized offering. Its key appeal lies in its above-average living space (1,360 sqft) for the area, a renovated basement, and a detached garage. Built in 1947, the home is notably newer than many in its immediate neighbourhood, ranking in the top 10% locally for its year of construction. The lot size is generous for the street, and the home's assessed value is consistent with the local market.
The property would suit first-time buyers or practical investors looking for a home with solid square footage and a move-in-ready basement without a premium price tag. Its rankings suggest it's a competitively sized and relatively modern option within its specific community, offering more interior space than many nearby comparables. A thoughtful perspective is that while the home isn't top-tier city-wide, it represents a strong, value-oriented proposition within its established neighbourhood context.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks above average for both lot size and living area on Inkster Boulevard, meaning it offers more space than many of its direct neighbours. It's also a newer build than over 60% of homes on the street.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent to understand the finish quality and any added features (like a bathroom or legal suite potential).
3. Is the assessed value a good indicator of the listing price?
Not directly. The assessed value of $26,500 is for municipal tax purposes. Nearby sales, like the comparable home at 670 Lansdowne Ave (similar size/year, valued at $24.4k), show that market value can differ significantly. Always rely on a comparative market analysis.
4. What are the implications of the home being "newer" than most in the neighbourhood?
While still an older home, being built in 1947 may mean fewer concerns common with pre-war construction. However, core systems like plumbing, electrical, and the roof will still be near or past their typical lifespan and should be thoroughly inspected.
5. How does the lot size impact future plans?
At 4,004 sqft, the lot is larger than average for the street. This could provide more outdoor space or future potential for additions, like a larger garage or garden suite, subject to local zoning bylaws.