Property Overview & Key Characteristics
This one-storey home on a large, 6,938 sqft lot in The Maples presents a practical and spacious family living option. Its key appeal lies in the combination of a generous, above-average lot size and a renovated basement, offering immediate usable space and room for outdoor activities or future projects. Built in 1975, the home itself has a living area of 1,515 sqft, which ranks well above average for both the immediate street and the wider neighbourhood.
The property would suit first-time buyers or growing families looking for a solid, single-level layout in a established community without a premium price tag for a brand-new build. Its strong rankings for lot size and living area within The Maples suggest it offers more space than many nearby properties, which is a significant advantage. A thoughtful perspective is that the home’s last sale price in late 2021 was notably higher than its current assessed value, which may indicate a market correction or present a potential opportunity depending on current listing conditions—a point worth discussing with a local agent.
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 often lower than market value. The home last sold for $370,000 in late 2021, which is a more relevant benchmark, though current market conditions will ultimately determine the price.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the selling agent to understand the quality and functionality of the additional space.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is in the top 9% for the neighbourhood, providing ample yard space and the possibility for additions like a garage, deck, or garden, subject to local zoning bylaws.
4. How does this home compare to others on the street?
The data shows this home ranks highly on Maddin Crescent for lot size, living area, and assessed value, suggesting it is one of the larger and more substantial properties on the block.
5. The home is 51 years old. What should I be mindful of?
While the basement has been renovated, the core systems (roof, plumbing, electrical, windows) of a 1975-built home may be nearing or past their typical lifespan. A thorough home inspection is essential to understand any upcoming maintenance or updates required.