Property Overview
This 1976 one-storey home on a generous 6,376 sqft lot in Southdale presents a practical and value-oriented opportunity. Its key appeal lies in its balance of space, recent updates, and its position within a mature neighbourhood. The home features a renovated basement, adding valuable finished living area to the 1,262 sqft main floor, and a detached garage. The lot size is notably above average for the street and area.
The property would suit first-time buyers seeking a move-in-ready home with lower maintenance, or downsizers looking for single-level living without compromising on yard space. It also represents a solid option for value-focused buyers who prioritize a renovated interior and a large lot over a newer build date. A thoughtful perspective is that while the home's age is reflected in its rankings, the renovated basement and larger-than-average lot offer tangible offsets that aren't always available in similarly priced homes.
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. The sale price will be determined by current market conditions, recent comparable sales, and the home's updated condition.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on finish quality, permits, and moisture control should be verified through a viewing and inspection. This adds liveable space but understanding the scope is key.
3. The home last sold in 2019. What does that indicate?
The 2019 sale suggests the current owners have undertaken the basement renovation and any other updates in the last five years, which is a positive sign of recent investment and maintenance.
4. How does the lot size compare to nearby properties?
At over 6,300 sqft, this lot is larger than approximately 65% of lots on the same street and 71% in Southdale, offering more outdoor space than many comparable homes.
5. The home ranks lower for "year built." Is that a major concern?
While newer homes rank higher, a 1976 home is typical for the mature Southdale area. The critical factors are the condition of major systems (roof, wiring, plumbing) and the recent renovations, which should be the focus of an inspection.