Property Overview
This 874 sqft bi-level home at 124 Edward Avenue E presents a distinct profile. Built in 2013, it is a notably modern property within its established Kildare-Redonda neighbourhood. Key features include a detached garage and an unfinished basement. The home sits on a modest 2,997 sqft lot. Its most recent public sale was in March 2017.
Key Characteristics & Appeal
The primary appeal of this property lies in its relative newness within a mature area. Built just over a decade ago, it stands out significantly compared to the neighbourhood's predominantly mid-century housing stock, potentially offering modern construction standards and fewer immediate repair concerns. This is a practical, low-maintenance starting point.
Its appeal is geared toward specific buyers: first-time homeowners or downsizers seeking a manageable, modern footprint without the premium of a brand-new build. The unfinished basement provides a blank canvas for future expansion or storage, adding value for those willing to customize over time. However, the smaller-than-average living area and lot size mean it suits those comfortable with efficient living spaces and minimal outdoor upkeep.
A thoughtful perspective is that this home represents a trade-off. You gain a newer structure but on a compact lot in a neighbourhood of larger properties. It’s ideal for someone who prioritizes the condition of the building itself over spacious indoor and outdoor areas.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value is competitive, ranking above average for the street. For a buyer, this suggests the property is financially aligned with its immediate surroundings, offering a newer home at a value closer to that of older, potentially larger ones.
2. What are the main compromises with this home?
The compromises are primarily in space. Both the living area and the land area are below average for the street, neighbourhood, and city. This means cozier interiors and a smaller yard compared to most nearby properties.
3. Who would this property not suit?
It may not suit growing families needing multiple bedrooms or ample play space, or buyers who prioritize a large garden, extensive outdoor entertaining, or having significant separation from neighbours.
4. What is the potential of the unfinished basement?
The basement presents clear potential for adding living space, such as a family room, home office, or additional bedroom. Any renovation would increase the home’s functional square footage, though it requires upfront investment.
5. How does the 2013 build year affect things?
A 2013 build typically means newer major systems (roof, furnace, windows), potentially lower energy costs, and compliance with more recent building codes. It likely reduces the risk and cost of major repairs in the short to medium term compared to an older home.