Property Overview & Key Characteristics
This well-maintained, one-storey home in Lavalee offers a practical and comfortable living space on a generous 4,128 sqft lot. Built in 1975, its key appeal lies in its balance of space, recent updates, and location. The 992 sqft living area is complemented by a renovated basement, adding valuable functional space. The property sits on a lot that is larger than most in the immediate area, offering good outdoor potential. Its assessed value ranks highly on its street, suggesting it is a solid performer in its local market.
The home would suit first-time buyers looking for a move-in-ready property with updated essentials, or downsizers seeking single-level living without compromising on lot size. It also represents a sensible option for value-focused buyers who prioritize a renovated basement and a larger-than-average lot over a brand-new build.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and the nature of the renovations (e.g., cosmetic vs. structural).
2. How does the lack of a garage affect daily living and value?
While the property has no garage, the large lot provides ample space for parking and potential future construction of a garage or carport, subject to local bylaws. This is a common feature in the neighbourhood and is reflected in the current price and assessment.
3. The home sold in 2021 for $310k. What does that mean for today's price?
The 2021 sale price is a historical data point, not a direct indicator of current value. Market conditions, interest rates, and any improvements made since then have likely influenced the present listing price. The assessed value of $31,100 is for municipal tax purposes and is typically lower than market value.
4. The living area is under 1,000 sqft. Is the space manageable?
At 992 sqft plus a renovated basement, the home offers efficient use of space. The single-storey layout enhances flow and accessibility. The appeal for many buyers will be the low-maintenance footprint combined with the additional flexible space in the basement.
5. How does this property compare to others in the area?
The data shows this home has a larger lot than 65% of its neighbours and a more recent build date than 86% of homes in the wider neighbourhood. This suggests it offers a competitive combination of lot size and a relatively newer structure for the area, which are positive differentiators.