Property Overview & Key Characteristics
This 1956 one-storey home on a generous 5,040 sqft lot in Rossmere-B offers a practical, grounded opportunity. Its key appeal lies in a balance of space and manageability. The fully renovated basement adds valuable finished living area to the 1,020 sqft main floor, creating a flexible layout ideal for a growing family, a work-from-home professional, or a first-time buyer seeking room to grow. The detached garage and larger-than-average lot provide useful outdoor space and storage options not always found in this price segment.
While the home itself is of average size for the area, its lot size ranks well, suggesting potential for future enjoyment or expansion. The property suits buyers looking for a solid, move-in-ready foundation in a mature neighbourhood without the premium of a new build. It’s particularly well-matched for those who value a renovated interior over a newer construction date and appreciate having immediate living space in both the main floor and basement.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. It serves as a baseline, but the selling price will be determined by current market conditions, the home’s updated condition (like the renovated basement), and buyer demand.
2. Is the 70-year-old building a concern?
The age indicates potential for older building materials and systems. A thorough home inspection is essential. However, a major positive is the already renovated basement, which likely addresses foundational moisture-proofing and updates a significant portion of the home’s living space.
3. What does the lot size ranking actually mean for me?
Ranking in the top 45% on the street for lot size means your property is larger than many of your immediate neighbours. This offers more private outdoor space, better potential for gardening, play areas, or future additions like a deck or shed, which is a notable advantage in established neighbourhoods.
4. How does this home compare to others in the area?
Based on the provided comparisons, this home offers a very standard living area and assessed value for Rossmere-B. Its differentiator is the renovated basement. Unlike some larger, higher-valued comparables, this home prioritizes updated finishes and a turnkey condition over sheer square footage.
5. What is the neighbourhood like?
Rossmere-B is a mature, established neighbourhood with homes primarily from the mid-20th century. The streets are well-treed, and amenities are likely within a short drive. The demographic is typically a mix of long-time residents and young families, offering a stable, community-oriented feel.