Property Overview
This one-and-a-half storey home on Lansdowne Avenue in the Inkster-Faraday neighbourhood presents a practical opportunity. Built in 1947, it features 1,218 sqft of living space, a full (unrenovated) basement, and a detached garage on a 4,834 sqft lot. Its appeal lies in its solid, middle-of-the-road metrics within its immediate area. The home doesn’t stand out as exceptionally large or new, but it consistently ranks above average for the Inkster-Faraday neighbourhood in terms of living space, lot size, and year built. This suggests a property that is well-situated and proportionally sized within its established community. It last sold in mid-2023.
The property would suit a value-conscious buyer looking for a functional home in a neighbourhood context, rather than a city-wide standout. It’s a candidate for someone comfortable with a home of this era, possibly seeing potential in the basement, and who prioritizes the practical benefits of a larger-than-average neighbourhood lot and a detached garage. It may also appeal to an investor or first-time buyer focused on the fundamentals of space and location within a specific market segment.
Frequently Asked Questions
What does the "above average for the neighbourhood" ranking actually mean?
It means that compared to similar homes specifically in Inkster-Faraday, this property scores better than most in key categories like living area and lot size. While it might be average city-wide, it holds a stronger position within its local market, which can be a point of stability.
Is the basement finished?
No, the listing specifies the basement exists but is "not renovated." This indicates it is in a functional, likely unfinished state, presenting both storage/utility space and potential for future development.
Why is the assessed value so much lower than the recent sold price?
The assessed value (22.80k) is for municipal tax purposes and is not an indicator of market value. The sold price in 2023 (27.50k ~ 30.50k) reflects the actual market transaction. Always rely on recent sale prices, not tax assessments, for market value.
How does the lot size compare?
At 4,834 sqft, the lot is notably larger than the Inkster-Faraday average (3,647 sqft). This is a key feature, offering more outdoor space than many neighbouring properties, which is a valuable and less common asset in older neighbourhoods.
What can nearby sales on the same street tell me?
Recent sales on Lansdowne Avenue show varied living spaces and values. For example, one nearby home sold with less living area but a higher assessed value, while another had more square footage. This highlights the importance of viewing this property within a tight geographic frame to understand its specific value proposition on the street.