Property Overview
This 1912 two-and-a-half storey home in Kern Park offers a distinct blend of historic character and above-average space. Its primary appeal lies in its generous 2,239 sqft living area, which ranks in the top 15% for its street and an elite top 1% within the Kern Park neighbourhood itself. The property sits on a 6,200 sqft lot, providing ample outdoor space that is notably larger than many city and area lots. With a detached garage and an unfinished basement, it presents a classic canvas. The home’s assessed value of $430k positions it as a premium offering in Kern Park (top 2%), while being more aligned with the city-wide average.
This property would best suit a buyer who values the proportions and potential of an older character home and is prepared for the maintenance and updates that come with a 114-year-old structure. It’s ideal for someone seeking more interior space than is typical in the area, and who appreciates a larger lot for gardening, play, or future projects. The unfinished basement offers clear potential for customization, appealing to those with a vision for creating their own additional living or storage space.
Frequently Asked Questions
1. How does the size of this home compare to others?
It is notably spacious for the area. The living area is significantly larger than the average Kern Park home (1,047 sqft) and above the city-wide average, placing it in the top 1% of the neighbourhood for interior space.
2. What should I consider with a home built in 1912?
While offering classic charm and solid construction, a home of this age will likely require ongoing attention to systems like wiring, plumbing, and insulation. The unrenovated basement is a clear project space. A thorough inspection is essential to understand the condition and modernization needs.
3. Is the assessed value a good indicator of the selling price?
The $430k assessment is a strong benchmark for municipal taxes, but market conditions determine the sale price. Notably, this assessment is in the top 2% for Kern Park, suggesting it is viewed as a higher-value property within the neighbourhood.
4. The lot size seems large. What are the benefits?
At 6,200 sqft, the lot is above average for both the city and the neighbourhood. This provides more privacy, room for outdoor activities, gardening space, and potential for additions like a deck or shed, which can be harder to find in older areas.
5. What is the context of the last sold price shown (~$34.5k - $37.5k in 2020)?
That price range reflects a very different market condition or may relate to a non-arms-length transaction. It is not indicative of current value, which is better gauged by the current assessment, recent comparable sales, and present market trends.