Property Overview: 662 Beaverbrook Street
Key Characteristics & Appeal
This 1956 one-storey home in J.B. Mitchell presents a practical and value-oriented opportunity. Its key appeal lies in a combination of a generous, above-average lot and a recently renovated basement, set against a backdrop of a modestly sized main floor. With 930 sqft of living space, the house itself is compact, ranking below the area average for size, which suggests a efficient, low-maintenance layout. However, it sits on a 5,202 sqft lot that is notably larger than many on its street, offering valuable outdoor space and potential.
The home’s assessed value is strong for the immediate neighborhood, indicating it is viewed favorably relative to its peers. The renovated basement adds functional living space and modern convenience without the need for immediate updates. A detached garage provides additional storage or workshop space.
This property would suit first-time buyers seeking an entry point into the market with a solid foundation and room to grow outdoors, or downsizers looking for a manageable single-level home without sacrificing yard space. It’s a pragmatic choice for those who prioritize land value and a move-in-ready lower level over a large primary living area.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. At 930 sqft, the living area is below the average for both Beaverbrook Street and the wider J.B. Mitchell neighborhood. This indicates a more compact, efficient home.
2. What does the “above average” assessed value ranking mean for the street?
It means the municipal assessment of this property is higher than most (in the top 22%) of comparable homes on Beaverbrook Street. This often reflects factors like the renovated basement, lot size, and overall condition relative to neighboring properties.
3. How does the lot size compare?
The lot is a significant feature. At over 5,200 sqft, it ranks in the top 13% on Beaverbrook Street for size, offering more outdoor space than is typical for the immediate area.
4. The home was last sold in 2016. What might have changed since then?
The key update noted is the renovated basement. Since the 2016 sale, this improvement likely added functional living space and modern finishes, contributing to its current assessed value.
5. What is the typical buyer for a home like this?
Given its size and layout, it’s well-suited for first-time homeowners or those looking to downsize. The single-storey design is accessible, and the larger lot provides a valuable asset not always found with smaller-footprint homes.