126 Shepton Bay

126 Shepton Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,108-square-foot home built in 1974, sitting on a notably large 9,607-square-foot lot. The property’s strongest appeal is its land. Within the Westdale neighbourhood, the lot ranks in the top 3% for size—substantially larger than the area average of 5,168 square feet. City-wide, it lands in the top 7% for land area.

The house itself is slightly smaller than the street average (1,302 sqft), but the assessed value holds well. At $403,000, it’s around average on the street and city-wide, but stands out sharply in Westdale, ranking in the top 4% for assessed value in the neighbourhood. That gap suggests the land is driving value more than the structure.

The home was built in 1974, making it one of the older homes on the street (top 7% for age on Shepton Bay), though relatively newer compared to the city median of 1966.

Who this suits: Buyers who prioritize outdoor space over interior square footage. The large lot offers flexibility—gardening, expansion, redevelopment potential, or simply privacy. It’s less suited for someone looking for a move-in-ready, updated interior or a compact, low-maintenance yard. Given its strong land value and average home condition (implied by assessment), it might also appeal to investors or anyone considering a long-term renovation.

Frequently Asked Questions

1. How does the living area compare to other homes nearby?
On the street itself, it's below average—ranked 40th out of 46 homes. But in the broader Westdale neighbourhood, it's above average (top 30%), where the typical home is around 1,029 square feet. So it feels small on the block but solid for the area.

2. What does the assessed value tell me about this property?
The $403,000 assessment is right around the street and city averages. But in Westdale specifically, it's in the top 4%—much higher than the neighbourhood average of $307,400. That suggests the home's value is well-supported, likely by the land, not necessarily by the house itself.

3. Is the lot unusually large?
Yes. At 9,607 square feet, it’s well above the street average (7,917 sqft), neighbourhood average (5,168 sqft), and city average (6,570 sqft). It ranks in the top 3% in Westdale and top 7% city-wide.

4. What year was the home built, and is that considered old for the area?
Built in 1974, which is older than the street average (all from 1974, but this ranks 3rd oldest). However, in Westdale, it's newer than most (top 9%). City-wide, it's roughly middle-of-the-pack.

5. What's the catch?
The main trade-off is interior space. At 1,108 square feet and built in 1974, the house may feel dated or cramped depending on your needs. The strong lot and neighbourhood value likely mean you're paying a premium for the land. If you're not planning to use or develop that space, you might be overpaying for square footage you don't need.