Property Overview
This 1958 one-storey home in Kern Park presents a practical opportunity. At 1,037 sqft with a renovated basement and a detached garage, it sits on a 4,500 sqft lot. The data suggests a home that is modest in size but well-positioned within its immediate neighbourhood. Its assessed value is notably above average for Kern Park, yet its living space is typical for the area, indicating the value may be attributed to factors like its condition, lot, or the renovated basement rather than sheer square footage. Its 1958 build date is newer than many homes on its street, which can be an advantage for systems and upkeep.
Key Characteristics & Appeal
The primary appeal of this property is its balance and neighbourhood standing. It offers updated living space with the finished basement, providing flexibility for a family, a home office, or a recreation room. The detached garage and decently sized lot add practical utility. It suits first-time buyers seeking a move-in ready home without the premium of a new build, or downsizers looking for single-level living with space for hobbies or guests. A thoughtful perspective is its above-average assessment within Kern Park—this often reflects desirability and investment in the property relative to the area, suggesting it's a solid contender within its market tier rather than a fixer-upper.
Frequently Asked Questions
1. How does the property's value compare to recent sales?
It last sold in late 2017 for an estimated $26.5k-$29.5k. Its current assessed value is $35.90k, which is above the average for Kern Park, indicating growth and a strong position within the neighbourhood.
2. Is the living space sufficient for a family?
At 1,037 sqft above grade plus a renovated basement, the home offers typical space for the area. It is well-suited for a small family or couple, with the basement providing crucial extra room for flexibility.
3. What are the implications of the 1958 build year?
Built in 1958, this home is newer than many on its street and in the wider city. This can mean updated building materials and potentially fewer major system replacements than in much older homes, though a thorough inspection is always recommended.
4. How does the lot size compare?
The 4,500 sqft lot is above average for the Kern Park neighbourhood, offering more outdoor space than many comparable properties, which is a valuable asset.
5. Why is the assessed value high for the area?
The assessed value ranks in the top 10% for Kern Park. This typically reflects the home's condition, improvements (like the renovated basement), and lot attributes, signalling it is a well-maintained property within its market context.