Property Overview: 557 Whytewold Road
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1957, presents a practical opportunity in the Jameswood neighbourhood. With 988 square feet of living space and a renovated basement, its size is quite typical for the immediate area but offers a manageable footprint for downsizers or first-time buyers. The lot is modest at just under 5,000 square feet, which translates to less yard maintenance—a potential benefit for those seeking a low-maintenance lifestyle.
The home’s primary appeal lies in its established location and its relative newness compared to other houses on Whytewold Road and in Jameswood, where it ranks among the more recently built properties. Its assessed value is consistently around the average for the local area, suggesting it is priced in line with neighbourhood norms rather than being an outlier. This property would best suit a buyer looking for a straightforward, no-garage home in a mature community, who values a renovated basement space and prefers a smaller, more manageable lot. It’s a home that offers the basics without complexity, positioned squarely within the middle of the local market.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 988 sqft, the living area is slightly below the average for Jameswood but is very close to the typical size for homes on Whytewold Road itself. It’s a compact layout that is common for the area and era.
2. Is the lot size a disadvantage?
The lot is smaller than many on the street. While it offers less private outdoor space, it also requires less upkeep, which can be a positive for buyers who view extensive yard work as a burden rather than a benefit.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, updated utilities, or both.
4. How has the property’s value changed over time?
Based on available sold price ranges, the home’s value has appreciated modestly between its 2017 and 2021 sales, moving from the mid-$20k range to the high-$20k/low-$30k range. This trend appears consistent with local market movements.
5. What are the implications of not having a garage?
The lack of a garage is a notable feature. Buyers should consider the cost and feasibility of adding on-site parking or storage, or factor in the convenience of street parking, which is common in such neighbourhoods.