Property Overview
This is a compact, one-storey home built in 1906, situated on a standard city lot in the Jefferson neighbourhood. Its key defining characteristic is its modest scale, with a living area of 628 sqft that ranks it among the smaller homes in the area. The property presents a straightforward, no-frills profile: it has a basement that is not renovated, no garage, and no pool. Its assessed value is notably low compared to city-wide averages, reflecting its size and vintage.
The primary appeal lies in its affordability and potential as an entry point into the market. It suits first-time buyers or investors seeking a low-cost property with minimal financial barrier to entry. A thoughtful perspective is that its small size and unrenovated state offer a clear, manageable project for someone looking to add value through updates without the complexity of a larger home. Its age and location on a street with many similarly valued properties suggest it is part of a stable, established community rather than a rapidly changing area.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based primarily on the home's very small square footage (under 650 sqft), its age (over 120 years old), and its lack of major renovations. It is priced for its existing condition and scale, not for potential.
2. What does the ranking data (e.g., "Top 94%") actually mean?
These rankings show how this property compares to others. For example, "Top 94%" for living area on its street means its size is in the bottom 6%—only 6% of homes on Forrest Avenue are smaller. It's a consistent indicator that this is a notably compact property at every comparison level.
3. Is this a good investment property?
Given its low assessed value and historically low sale prices, it could offer a very low entry cost for a rental investment. However, its age and condition mean maintenance costs should be carefully considered, and rental income would be appropriate for a small, basic unit.
4. What are the implications of such an old home?
Built in 1906, the home likely has older building materials and systems. While this adds character, it necessitates thorough inspections for foundational integrity, wiring, and plumbing. The unrenovated basement also indicates a potential area for future improvement or moisture management.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request the precise history via email from the site, which they provide manually without using your email for unsolicited marketing.