This is a substantial, well-established home in the sought-after Varsity View neighbourhood. Its primary appeal lies in its generous scale and prime location. The nearly 17,500 sqft lot is exceptionally large for the area, placing it in the top tier of local properties for land size. Combined with over 2,450 sqft of living space across two finished floors and a developed basement, it offers rare room to grow. Built in 1949, it presents a classic two-storey character. The home suits buyers looking for a long-term family residence with space for gardens, recreation, or potential expansion. It’s ideal for those who value established communities and are prepared to steward a mature property, appreciating its history while possibly planning thoughtful updates over time. The exceptional lot size is a legacy asset that is increasingly difficult to find in central neighbourhoods.
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What does the high ranking for land size practically mean?
It confirms the property is a significant outlier in the area, offering privacy, space for outdoor activities, and future potential that most neighbouring lots cannot match.
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The home is older—what should be prioritized in an inspection?
Given its age, a thorough inspection of major systems is essential. Focus should be on the foundation, roof, plumbing, and electrical systems to understand the home's current condition and plan for any necessary updates.
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How does the finished basement add value?
It significantly increases the usable living area, making it suitable for a recreation room, home office, or additional bedrooms. It’s important to verify the quality of the finish and ensure it meets local building standards.
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The "assessment value" is listed—how does this relate to the selling price?
The municipal assessment is for tax purposes and is one data point. The final selling price is determined by the current market, based on buyer demand, the home's condition, and comparable recent sales.
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Why is the "year built" ranking lower, while others are high?
This reflects that many homes in the area are newer. It doesn't speak to the quality or charm of this specific home but is a reminder that its value is anchored more in its lot size, square footage, and location than in being a modern build.