233 Victoria Avenue E

Property Overview

This one-and-a-half storey home, built in 1947, is situated on a notably generous 5,400 sqft lot in Kern Park. With 1,046 sqft of living space and an unrenovated basement, it presents as a functional, no-frills property. Its key appeal lies in its land size, which is well above average for the neighbourhood, offering valuable outdoor space and future potential in a city where lot size is often the first thing to be maximized. The home’s assessed value is modest, especially compared to city-wide averages, suggesting a lower property tax burden and an accessible entry point into the market.

It would suit a practical buyer looking for a solid foundation—literally and figuratively. This could be a first-time homeowner comfortable with a property that requires updates over time, or an investor seeking a character home with a large lot in a stable neighbourhood. The detached garage adds practical utility. A less obvious perspective is that a home with a lower assessment but a large lot can represent a strategic opportunity; the value is disproportionately in the land, which is a finite resource, rather than in the current structure, which can be improved.

Frequently Asked Questions

1. How does the lot size compare to others?
The 5,400 sqft lot is a standout feature, ranking in the top 13% within the Kern Park neighbourhood. It is significantly larger than the local average, offering more private outdoor space than most nearby properties.

2. What is the significance of the assessed value being "below average"?
A below-average assessed value, like this home’s $26.20k assessment, typically translates to lower municipal property taxes. It can indicate that the home is valued more for its land than its current structure, which may appeal to buyers planning future renovations or additions.

3. What does "unrenovated basement" imply?
This means the basement is in original or functional condition but has not been modernized or finished to contemporary standards. It provides usable space for storage, utilities, or a workshop, but any finished living area would require investment.

4. Is the sold price history provided exact?
No, the listed sold price is a range based on public data. To obtain the exact sale price from July 2024, you must request it via email from the site. This is a manual process they use to verify serious inquiries.

5. How does the living space compare to nearby homes?
At 1,046 sqft, the living area is around average for Kern Park but smaller than the typical home on Victoria Avenue E itself. This suggests the home’s layout is efficient for its era, and the overall property value is more balanced toward its substantial lot size.