Property Overview
This one and three-quarter storey home on Victoria Avenue East in Kern Park presents a distinct opportunity. Built in 1910, its key characteristic is its age, placing it among the oldest homes in its immediate area and citywide. With 1,440 square feet of living space, it offers above-average roominess for both its street and neighbourhood. The property includes a detached garage and an unfinished basement, sitting on a 2,700 sqft lot that is notably smaller than local averages.
Its appeal lies in its value proposition. The home’s assessed value is significantly below average for all comparison groups, suggesting a lower entry point. This suits a specific type of buyer: those looking for a character home with space to grow into, who are prepared for the realities of maintaining or renovating an older property. It’s a practical canvas for a hands-on buyer, an investor, or someone seeking affordability in a neighbourhood where newer, larger lots command higher prices. A less obvious perspective is that its compact lot size, while below average, translates to less exterior maintenance—a potential upside for some lifestyles.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is based on the property’s specific attributes, including its age (1910), the condition of its finishes, and its smaller lot size. Compared to newer or more updated homes in the area, this results in a lower valuation.
2. What does "one and three-quarter storey" mean for the layout?
This style typically features a main floor and a second floor where the ceilings slope with the roofline. The second floor often has comfortable standing room in the center of the rooms, with cozier spaces under the eaves, offering classic character and efficient use of space.
3. The home last sold in March 2020. Is the price trend for the area generally up or down?
While exact price history for this home requires a detailed request, the data shows that a newer, larger reference home on Regent Avenue E sold for significantly more. This suggests that updated, modern properties in the broader area command a premium, highlighting the value-add potential of an older home.
4. Is the smaller lot size a major disadvantage?
It depends on your priorities. While it is below the neighbourhood average for land area, a smaller lot means less yard work and maintenance. It may still provide adequate private outdoor space without the upkeep of a larger plot.
5. What should I consider most about a home built in 1910?
The major considerations will be the condition of foundational elements like wiring, plumbing, and the heating system, which may need updating to modern standards. While this requires due diligence and potentially investment, it is balanced by the charm, solid construction, and room layout typical of that era.