Property Overview & Key Characteristics
This 1952 one-storey home in Rossmere-B sits on a large, approximately 5,000 sqft lot, which is a standout feature ranking in the top half for size on its street. With 780 sqft of living space, the house itself is compact and efficient, placing it among the smaller homes in the area. It features a detached garage and an unrenovated basement, presenting a classic post-war layout. The home’s assessed value of $280k positions it above average for the street and neighbourhood.
Its primary appeal lies in its land value and potential. The generous lot offers room for gardens, expansion, or future development, making it more than just the existing house. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values a solid location in a mature neighbourhood and sees the opportunity in a property where the land is a significant asset and the home itself is a manageable canvas for gradual updates.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this era?
It usually indicates original foundations, flooring, and utilities. While structurally sound, it likely requires finishing and may need updates to insulation, moisture proofing, or electrical systems to become modern living space.
2. How significant is the lot size here?
Very. At nearly 5,000 sqft, the lot is larger than many in the area. This not only provides more private outdoor space but can also contribute significantly to the property's long-term value relative to the house itself.
3. The living area is noted as being in the top 4% on the street, but that seems high for 780 sqft. What does this mean?
This statistic indicates that most homes on Roberta Avenue are smaller than 780 sqft, highlighting the compact nature of housing in this specific part of Rossmere-B. It suggests the home is efficiently sized for the street.
4. The home last sold in March 2021. Should I be concerned about a quick resale?
Not necessarily. The 2021 sale price was significantly lower than the current assessment, reflecting the strong market appreciation over the past few years. The reason for selling now could be related to life changes, estate settlement, or an investor realizing gains, all common scenarios.
5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready, modern open-concept layout or those needing substantial finished space immediately. The smaller, compartmentalized living area and project-ready basement require a vision for gradual improvement.