Property Overview & Appeal
This 1977-built, one-storey home on a spacious lot in Tyndall Park presents a practical and value-conscious opportunity. Its key characteristic is balance: it sits comfortably above the median for lot size, living area, and assessed value within its immediate street and neighbourhood. The nearly 5,000 sqft lot offers ample outdoor space, while the 1,040 sqft living area is competitively sized for the area. A recently renovated basement adds modern, functional space, and the detached garage provides flexible storage or workshop potential.
The appeal lies in its established neighbourhood setting and its position as a solid, mid-range property without extreme peaks or valleys in its metrics. It would suit first-time buyers or downsizers looking for a manageable single-level layout with room to breathe outdoors. It also fits the investor or homeowner who appreciates a home where major updates, like the basement, are already addressed, allowing them to build equity without immediate large-scale projects. A less obvious perspective is its potential for someone valuing privacy or gardening space, as the lot size ranks highly, offering a relative rarity in an urban setting.
Frequently Asked Questions
1. How does this property compare to others in Tyndall Park?
The home is consistently above average for the neighbourhood in key areas. Its lot size is in the top 37%, its living area is in the top 52%, and its assessed value is in the top 37% when compared to other Tyndall Park properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the selling agent to understand the finish quality, layout, and whether it includes a separate entrance or legal suite potential.
3. Is the price aligned with the assessed value?
The provided assessed value is $350k. It is important to note that assessed value is for municipal tax purposes and may differ from the current market value. A comparative market analysis with a real estate professional is essential to determine a fair listing or offer price.
4. What are the implications of the home's age?
Built in 1977, the home is approaching 50 years old. While the basement has been updated, prospective buyers should pay particular attention to the condition of major aging components, such as the roof, windows, plumbing, and electrical systems, during an inspection.
5. What is the neighbourhood vibe and convenience like?
Being an established area, Tyndall Park typically offers mature landscaping and settled community feel. Reviewing proximity to amenities like schools, transit, and shopping, as well as the traffic on Finestone Street itself, would be important for determining daily convenience.