Property Overview: 334 Mcmeans Avenue E
Key Characteristics & Appeal
This two-storey home in Kildare-Redonda presents a practical opportunity. Built in 1967, it features 1,064 sqft of living space and sits on a 3,100 sqft lot with a detached garage. A key highlight is the renovated basement, adding functional space. The home’s appeal lies in its relative size and condition within its immediate locale; its living area ranks in the top 15% for the neighbourhood, meaning it offers more interior space than many nearby comparable homes. Its recent sale price aligns closely with its assessed value, suggesting a market-ready condition.
This property would suit first-time buyers or practical investors looking for a solid, no-frills home in a mature area. It’s a house that makes sense on its own street and within its community, rather than as a city-wide standout. The renovated basement adds value for those needing extra room for a home office, family, or rental potential. A thoughtful perspective is that while the lot size is smaller than the neighbourhood average, this can translate to lower maintenance—an appealing trade-off for buyers seeking a manageable yard.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,064 sqft, this home offers above-average living space for both Mcmeans Avenue and the broader Kildare-Redonda neighbourhood, ranking in the top 15% locally.
2. What is the significance of the assessed value?
The assessed value is $26,700k. It’s around average for the street but below the average for both the neighbourhood and city, which may reflect the home’s older age and smaller lot rather than its condition.
3. Has the basement renovation been permitted?
The listing notes the basement is renovated, but buyers should always verify that any renovations were completed with the proper permits and inspections.
4. What are the typical maintenance considerations for a home of this age?
Built in 1967, prospective buyers should prioritize inspections for major aging components like the roof, windows, plumbing, and electrical systems, common focal points for homes from this era.
5. How does the lot size impact potential for expansion or outdoor use?
The 3,100 sqft lot is smaller than many in the area. This limits potential for large additions but offers a manageable outdoor space with less upkeep, which some buyers may prefer.