Property Summary: 1172 Henderson Highway
Key Characteristics & Appeal
This is a compact, one-storey home built in 2006, offering modern construction in a mature neighbourhood. Its primary appeal lies in its relative newness compared to most area homes, potentially meaning fewer major maintenance concerns in the near term. The property sits on a generous, above-average city-sized lot (over 6,900 sqft), providing significant outdoor space for gardening, play, or future expansion—a notable asset given the home's smaller living area of 794 sqft.
The home’s assessed value is strong for its immediate street, suggesting it is viewed favorably relative to its older neighbours. It features a detached garage and an unrenovated basement, presenting a blank canvas for finishing to suit a new owner's needs. This property would best suit a first-time buyer, downsizer, or investor seeking a low-maintenance, modern structure on a large lot, who is comfortable with a cozy interior footprint and sees potential in the basement and land.
Frequently Asked Questions
1. Is the smaller living space a significant drawback?
While the living area is below average, the 2006 build date means efficient use of space and modern layouts. The trade-off is a newer home with potentially lower immediate repair costs, making it a practical choice over a larger, older property requiring updates.
2. What does the strong assessed value on the street indicate?
It suggests the municipal assessment recognizes the value of the home's newer construction compared to the older homes around it. This can be a positive signal, but it's always wise to review recent sales of similar-age homes for true market context.
3. What are the possibilities for the unrenovated basement?
The basement represents the single biggest opportunity to increase functional living space. It could be finished as a rec room, home office, or additional bedroom, subject to local building codes and permits.
4. How does the location on Henderson Highway impact the property?
As a major artery, this means excellent access to transit and amenities. Buyers should personally assess traffic noise and pedestrian accessibility, as these are subjective factors that can influence daily living.
5. Why is the lot size highlighted as an important feature?
In a city, a lot of this size attached to a newer home is uncommon. It offers rare potential for outdoor enjoyment, storage, or even future additions like a shed, deck, or garden suite, providing long-term flexibility that smaller lots do not.