Property Overview & Key Characteristics
This 1999-built, one-storey home on a large 5,810 sqft lot in Varsity View offers a practical, low-maintenance living format. Its key appeal lies in its generous lot size—ranking in the top 15% of the neighborhood—and its relatively modern construction, which is newer than 85% of homes in the community. The house features 1,369 sqft of living space, an unfinished basement offering potential for future customization, and an attached garage.
The property suits first-time buyers or downsizers looking for a single-level layout in a well-established area. Its strongest competitive edge is the land itself, providing ample outdoor space in a neighborhood where many lots are smaller. It’s a home for those who value potential over immediate finish, as the unfinished basement allows for personalization according to budget and need. A thoughtful perspective is that while the home’s assessed value currently ranks in the lower third of the street, the combination of a newer build on a large lot presents a solid foundation for long-term value in a sought-after location.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The lot is 5,810 sqft, which is larger than 85% of properties in the Varsity View neighborhood, making it a standout feature for outdoor space and privacy.
2. Is the basement developed?
No, the basement is unfinished. This presents an opportunity for future expansion and customization to suit the buyer’s needs, but requires additional investment.
3. How old is the property, and what does that mean for maintenance?
Built in 1999, the home is newer than most in the area. While major systems like the roof or furnace are likely original and may need attention or updating soon, the structure benefits from more modern building standards compared to much older homes.
4. The home’s assessed value seems low for the street. Why is that?
The assessment ranks lower on this specific street, likely reflecting the home’s original interior condition and unfinished basement compared to more updated neighbors. This can represent a value opportunity for buyers willing to invest in updates.
5. What is the living space like for a one-storey home?
At 1,369 sqft, the main floor living area is competitive for a bungalow. It provides a comfortable layout for daily living, with the unfinished basement offering significant potential to add future recreational or functional space.