Property Overview
This one-storey home on King Edward Street presents a distinct opportunity within its neighborhood. Its key appeal lies in the combination of a generous, above-average lot size and solid living space for the area, housed within a classic 1908 structure. The home features a detached garage and a full, unrenovated basement, offering functional space and potential.
The property’s characteristics create a specific niche. It would suit a buyer who values a large outdoor space in a central neighborhood more than a modern, turn-key home. It’s a compelling prospect for an investor or a hands-on owner looking for a character home with a footprint that allows for expansion or landscaping, provided they are prepared for the maintenance and potential updates that come with an older property. The assessed value is notably modest compared to the city-wide average, which can translate to lower property taxes, a significant long-term consideration often overlooked.
Frequently Asked Questions
What does the "unrenovated basement" condition imply?
It typically means the basement is in original or functional condition, but not updated with modern finishes. It offers usable space and significant potential for customization, but a buyer should budget for any desired improvements or necessary upgrades.
How significant is the 1908 build date?
It places the home among the oldest in the area. This grants character and often sturdy construction, but it necessitates a thorough inspection for aging components like wiring, plumbing, and the foundation to understand future maintenance priorities.
The assessed value seems low compared to city averages. Is that an advantage?
Yes, in a key way: property taxes are based on assessed value. A lower assessment relative to your purchase price can mean proportionally lower annual tax bills, which is a tangible, long-term financial benefit.
How does the lot size compare practically?
At nearly 5,800 sqft, the lot is well above average for both the street and the broader King Edward area. This provides exceptional outdoor space for gardens, recreation, or additions that many newer infill properties in the city simply cannot offer.
What is the neighborhood context of these rankings?
The data shows the home’s living area is in the top tier for King Edward Street itself, indicating it’s a spaciously built home for this specific, historic streetscape. This suggests a better interior scale than many immediate neighbors, while the lot size is a standout feature for the entire district.