Property Overview & Key Characteristics
This 1.5-storey home in Varsity View offers a classic, grounded living experience. Its primary appeal lies in a combination of generous lot size, a well-established neighbourhood, and a functional layout. With 1,271 sqft of living space on a large 5,383 sqft lot, it provides room to breathe and grow, a notable advantage in an older, central area. The home, built in 1945, comes with a finished basement, adding to its usable space. The data suggests it balances affordability with above-average lot size for its immediate area, ranking higher on square footage than on newness or assessed value within its community. It suits first-time buyers or downsizers seeking a character home with yard space in a mature neighbourhood, without the premium of a new build or major renovation project. A thoughtful perspective is recognizing the value in the land itself and the stability of an 80-year-old structure in a sought-after location, offering a chance to gradually personalize a solid foundation.
Frequently Asked Questions
1. What does "ONE & 1/2 STOREY" mean for living space?
Typically, this style features main living areas on the ground floor, with additional bedrooms or space in a partially raised upper level, often with sloped ceilings. It's a classic design that can feel cozy and efficient.
2. The home was built in 1945. What should I consider?
While the structure has proven its durability, prospective buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and anticipate maintenance consistent with a home of this age. A thorough inspection is essential.
3. There's no garage. What are the parking options?
The property listing does not specify a dedicated garage. Buyers should verify on-site parking arrangements, such as a driveway or the potential to add a structure, considering local bylaws.
4. How does the assessment value relate to the likely selling price?
The municipal assessment of $310,000 is for tax purposes and is a historical snapshot. The final selling price is determined by the current market, condition, and buyer demand, and may differ significantly.
5. The lot size ranks very well. What are the advantages?
A lot larger than many in the neighbourhood (ranking in the top 15% locally) offers valuable outdoor space for gardening, recreation, or future expansion, and is a key long-term asset that contributes to the property's underlying value.