Property Overview: 709 Henderson Highway
Key Characteristics & Appeal
This home at 709 Henderson Highway is a well-situated, post-war residence built in 1946. With 1,170 square feet of living space on a 5,036 sqft lot, its primary appeal lies in its strong positioning within the desirable Munroe West neighbourhood. The data reveals a key insight: while the home's size and assessed value ($309k) are around average for Henderson Highway and city-wide, they are notably above average for the immediate Munroe West area. This suggests you're acquiring a property that stands favorably against its closest neighbours, potentially offering more space and value within the local context.
The lot size is generous for the area, providing ample outdoor space that is a premium in many city neighbourhoods. Its last known sale was between $250k-$300k in late 2019. The home would suit a practical buyer looking for a solid, character home in an established neighbourhood without paying a premium for a fully modernized property. It's ideal for someone who values location and lot size, and may be comfortable with the maintenance or updates that can come with an 80-year-old home. A thoughtful perspective is that this property represents a balance—it avoids the high costs of newer builds or top-tier renovations, while offering a stake in a stable community where its core metrics are strong.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The numbers show it outperforms most homes in Munroe West for living space and assessed value, ranking in the top 20% and 15% respectively locally. On its own street, Henderson Highway, it is more middle-of-the-pack, as lots and homes tend to be larger.
2. What should I consider about a home built in 1946?
While the construction era is typical for the neighbourhood, a home of this age will likely have undergone various updates. A key focus for a buyer should be verifying the condition of major systems like plumbing, electrical, and the foundation, which may be original or from prior renovations.
3. Is the assessed value a reliable indicator of market price?
The assessed value ($309k) is for municipal tax purposes and is typically below current market value. It is a useful benchmark for comparing against neighbouring homes, but the final sale price will be determined by market conditions, the home's specific condition, and recent upgrades.
4. The lot seems large for the area. What are the implications?
At over 5,000 sqft, the lot is above the Munroe West average. This offers valuable outdoor space for gardening, recreation, or potential future additions (subject to zoning bylaws). It also may contribute to the property's above-average assessment within the neighbourhood.
5. How can I find out the exact past sale price?
The displayed sold price is a range from public records. For fully verified and exact historical sale figures, you must request a manual lookup via the email service provided on the listing page, as this site does not have access to MLS sales data.