Property Overview
This 1958 one-storey home on a generous 4,078 sqft lot in Mathers presents a practical and value-oriented opportunity. Its key appeal lies in a balance of established neighbourhood character, usable space, and a renovated basement that adds functional living area. The detached garage and larger-than-average lot for the street offer flexibility for parking, storage, or outdoor projects. While the living area is modest, the home ranks well for lot size within its immediate area, suggesting a premium on outdoor space.
It would suit first-time buyers looking for a solid entry point into the market, practical homeowners who value low-maintenance single-level living, or investors seeking a property with strong rental fundamentals in a central location. A thoughtful perspective is that the home’s assessed value sits comfortably in the middle range for the street, indicating it’s not over-improved relative to its neighbours, which can be an advantage for future value stability and property taxes.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 4,078 sqft lot is a standout feature, ranking in the top 28% for size on Centennial Street. This means the property offers more outdoor space than most of its immediate neighbours.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, ceiling height, permits, and moisture control should be verified through a viewing and inspection, as these details are not provided.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value of $36,600 is for municipal tax purposes. The listing price will be influenced by current market conditions, the home’s updated condition, and the value of its large lot, which may not be fully reflected in the assessment.
4. What is the neighbourhood like?
The home is in Mathers, a mature, central neighbourhood. The high ranking for lot size within the area (top 5%) suggests it's among the more spacious properties in this established community.
5. How does the age of the home affect things?
Built in 1958, the core systems (roof, wiring, plumbing, foundation) are likely original or have been updated over time. A thorough inspection is crucial to understand the condition and any needed updates, which is typical for homes of this era.