Property Overview
This 1964 one-storey home in Varsity View sits on a generous 6,084 sqft lot and features a finished basement and a detached garage. With 840 sqft of living space, it is a compact and manageable bungalow. Its appeal lies in its established, large lot in a central neighbourhood, offering space and location over square footage. The home suits first-time buyers seeking an entry into a desirable area, downsizers looking for a single-level layout with a manageable yard, or investors interested in a property with solid land value and redevelopment potential in the long term. A thoughtful perspective is that while the living space is modest, the large lot provides valuable outdoor space and future flexibility that is increasingly rare in core neighbourhoods.
Key Questions (FAQs)
1. Is the house too small at 840 sqft?
While below average in size, the efficient bungalow layout and the addition of a finished basement significantly increase usable living space, making it practical for small households.
2. What does the "finished basement" include?
The listing confirms the basement is finished but does not specify the rooms or finish quality. Viewing the property or requesting details from the agent is necessary to understand its configuration and condition.
3. How does the 1964 build year affect the home?
Homes from this era are common in the area and are often solidly built, but potential buyers should budget for updates to major aging components like the roof, windows, or mechanical systems.
4. The lot is large, but what is it like?
At over 6,000 sqft, the lot is a standout feature. It offers ample private outdoor space, garden potential, and a rarity for the area. The orientation and current landscaping would need to be assessed in person.
5. Why are the value rankings mixed?
The home ranks highly for its lot size but lower for living area and build year. This indicates you are primarily investing in the land and location, with the house itself representing a value-oriented, functional living space.