Property Overview
This home at 355 Smithfield Avenue is a classic one-storey house with a renovated basement, built in 1947. It sits on a 4,746 sqft lot and features a detached garage. With 913 sqft of living space and an assessed value of $27,400, it represents a straightforward, no-frills offering in the Jefferson neighbourhood.
Key Characteristics & Appeal
The primary appeal of this property is its position as a solid, average performer within its immediate area. The living space, assessed value, and year built are all consistently around the neighbourhood average, suggesting a home that is neither standout nor laggard in the Jefferson context. Its renovated basement adds modern utility to the post-war structure. The lot size is smaller than others on Smithfield Avenue, but is typical for Jefferson overall, offering manageable outdoor space.
This home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize move-in readiness (thanks to the basement renovation) over size or prestige. It’s for someone seeking an honest home in an established neighbourhood without the premium price of a larger or newer property. A thoughtful perspective is that its very "averageness" in the local market could mean less competition and a smoother purchasing process compared to more standout homes, while the renovated basement provides immediate functional space without a project.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 913 sqft, the living area is slightly below the city-wide average but is very typical for the Jefferson neighbourhood, ranking near the middle of homes in the area.
2. What is the significance of the assessed value?
The assessed value of $27,400 is around the average for both Smithfield Avenue and the Jefferson neighbourhood. It’s important to note that this is a value for taxation purposes and market sale price can differ.
3. Is the smaller lot size a concern?
While the lot is below average for Smithfield Avenue itself, it is actually close to the average lot size for the broader Jefferson area. It offers a manageable yard without excessive maintenance.
4. What can the sale history tell me?
The home sold in March 2016 for an estimated $22.5k-$25.5k. The exact sale price is available upon request from the listing service to help inform your offer.
5. Who would this property best suit?
This home is well-suited for buyers looking for a modest, established home with some updated features (like the basement) in a neighbourhood where it fits squarely in the middle of the market, offering a balance of affordability and convenience.