Property Overview
This 1975 one-storey home in Meadowood presents a practical opportunity in a well-established neighbourhood. Its key appeal lies in the combination of a generous, 5,197 sqft lot and a recently renovated basement, offering immediate livable space and room for outdoor enjoyment or future expansion. The detached garage adds functional storage or workshop potential.
The home suits first-time buyers seeking a solid starter with upgrade potential, or downsizers looking for a manageable single-level layout without sacrificing yard space. Its assessed value is competitive within the street and area, suggesting a relatively accessible entry point into the market. A less obvious perspective is the advantage of an older home on a large lot in a mature neighbourhood: it often provides more privacy, established trees, and a settled community feel compared to newer, denser subdivisions. While the living area is modest, the renovated basement effectively expands the usable footprint.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 5,197 sqft, the lot is larger than approximately 66% of other properties on Gosford Avenue, offering more outdoor space than is typical for the immediate street.
2. What is the condition of the major systems, given the home's age?
While the listing confirms a renovated basement, prospective buyers should investigate the age and condition of the roof, windows, and major mechanical systems (furnace, electrical, plumbing) typical of a home built in 1975.
3. Is there potential to expand the living space in the future?
The large lot size could provide space for an addition, subject to local zoning bylaws. The existing renovated basement also offers finished, flexible space without the need to build new.
4. How does the assessed value relate to the likely listing price?
The assessed value is $38,300k. It's important to note that municipal assessed value for taxation purposes often differs from market value; a professional appraisal or comparative market analysis is needed to determine a current listing or offer price.
5. What is the neighbourhood character and convenience like?
Meadowood is a mature neighbourhood. The property ranks in the middle ranges for metrics like year-built and value within the area, indicating it fits the established, consistent character of the community. Buyers should explore local amenities, traffic patterns, and schools directly to see if it suits their lifestyle.