51 Siddiqui Ridge

Property Overview: 51 Siddiqui Ridge, Waverley West B

Key Characteristics & Appeal

This property presents a unique opportunity centered on its land. The lot is a substantial 9,022 sqft, placing it in the top 25% for size on its street and the top 19% within the Waverley West B neighbourhood. This significant parcel is the defining feature, offering ample space for gardening, recreation, or future expansion.

The appeal lies in its potential and its position in a newer, developing area. Data indicates it is among the newest properties not just on its street, but in the entire city, suggesting it is likely a vacant lot in a modern subdivision. The very low assessed value, when compared to nearby built homes, strongly supports this. It would suit a buyer looking to build their own home from the ground up, an investor planning for future development, or someone seeking a large blank canvas in a growing community. It’s a play for the future, offering the chance to create equity through construction rather than purchasing an existing structure.

Frequently Asked Questions

1. Is this a vacant lot?
While the listing doesn't explicitly state it, all available data strongly suggests it is. The absence of living area, year built, and building type details, combined with a very low assessed value compared to finished homes in the area, are clear indicators of a land-only listing.

2. What makes this lot size notable?
At over 9,000 square feet, it is significantly larger than many standard suburban lots. This provides uncommon space for a new build, allowing for a larger home footprint, enhanced privacy, generous landscaping, or the inclusion of features like a sizable detached garage or workshop.

3. Why is the assessed value so much lower than the nearby homes?
The assessed value reflects the value of the land only. Nearby properties with similar addresses but much higher values (e.g., $46.70k to $61.10k) are finished homes with structures. The comparison confirms this listing is for the land itself.

4. What are the advantages of building in this specific area?
Waverley West B is a newer neighbourhood. Building here means you can design a modern, energy-efficient home tailored to your needs, and you'll be among the first residents in a developing community, which often sees rising property values as it matures.

5. What should I consider before buying a vacant lot?
Key considerations include verifying all zoning bylaws and building restrictions, confirming the cost and availability of utility connections (water, sewer, power), researching any applicable development fees, and obtaining detailed quotes for construction, as building costs are separate from the land purchase price.