Property Overview & Key Characteristics
This 1958 one-storey home on a spacious 5,469 sqft lot in Rossmere-A offers a practical, grounded opportunity. Its key appeal lies in its balance of established neighbourhood character and specific, modernized updates—most notably a renovated basement, which adds significant functional living space beyond the 1,038 sqft main floor. The detached garage and larger-than-average lot provide flexibility for parking, storage, or outdoor projects.
The home’s value is underscored by its strong rankings within its immediate area. It sits in the top tiers for lot size and year built compared to its street and wider neighbourhood, suggesting it is a comparatively newer home on a larger parcel in this mature community. While the living area is modest, the renovated basement effectively expands the usable square footage. This property would suit first-time buyers seeking a move-in-ready basement, downsizers looking for single-level living with room to breathe, or value-oriented investors attracted by the solid fundamentals and upgrade already in place.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
Assessed value is for municipal tax purposes and often differs from market value. The provided comparable listings with similar assessed values show a wide range of sale prices, indicating market value is influenced by factors like condition, updates, and specific location beyond the assessment.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. It’s essential to clarify the finish quality, ceiling height, legal egress, and whether it includes a bathroom or kitchenette to understand its true function and value.
3. Is the larger lot a benefit for future expansion?
Potentially. The lot size is a standout feature. Buyers should verify local zoning bylaws to understand if the property could accommodate an addition, a garage suite, or other structures, which could be a long-term advantage.
4. How does this 1958 home compare to newer builds in the area?
While newer builds offer modern layouts and materials, this home offers a larger lot and established neighbourhood maturity that newer subdivisions often lack. The trade-off is typically between modern interior flow and generous, mature outdoor space.
5. What are the implications of the home's ranking for "Year Built"?
Ranking in the top 21% for year built in the neighbourhood means it is among the newer homes in Rossmere-A. This can suggest potentially fewer immediate major system replacements (like roof or furnace) compared to older peers, but an inspection for a 68-year-old home remains crucial.