150 Hammond Road

150 Hammond Road: Property Summary

Key Characteristics & Buyer Profile

This is a 1966 bungalow with 952 square feet of living space and a 5,700-square-foot lot, assessed at $320,000. Its size and age place it below street and city averages for living area, and it’s slightly older than neighboring homes on Hammond Road and in Westdale (built 1971 average). The lot, however, is wider than many nearby: it ranks in the top 39% citywide and sits above the neighborhood average of 5,168 square feet.

The appeal here is honest and understated. It’s not a standout on paper, but it’s priced below the street average ($337K) and near the neighborhood median, with land that offers more outdoor space than many in Westdale. This suits buyers who value lot size and location over square footage—people who are willing to renovate or add living space later. It also works for those looking for a starter home in an established area where comparable houses are slightly larger, but so is the price. The property doesn’t try to impress; it’s a solid, unassuming base in a decent-ranked neighbourhood.

Five Possible FAQs

1. Is this a good value compared to other homes on Hammond Road?
The assessed value is $320K, which is below the street average of $337K. Given that the house is older and smaller than the typical home on the street, the lower price reflects those differences. For someone who values the larger lot, it might be a fair trade-off.

2. How does the lot size compare to typical homes in Westdale?
The lot is 5,700 square feet, which is slightly larger than the neighborhood average of 5,168 square feet. It ranks in the top 44% locally and top 39% citywide, which is a notable point in its favour—especially for gardening, a workshop, or potential additions.

3. How old is the property, and is that a concern for renovations?
Built in 1966, it’s roughly the same vintage as the citywide average, but it’s older than most in Westdale (average 1971). You’d expect original systems unless updated. That said, many buyers in this area see older construction as an opportunity—the bones are often solid, and you can invest in upgrades at your own pace.

4. What comparable homes are nearby, and how does this one stand out?
Neighbourhood analysis shows that similar homes in Westdale average 1,029 sq ft of living area and $307K in assessed value. This property has less living space but a larger lot and slightly higher assessed value. Its main strength is land, not interior size.

5. Is this property suitable for an investor or first-time buyer?
It leans toward first-time buyers who want a manageable mortgage and a yard without paying for a fully renovated house. Investors might see potential in the lot size for future development or a value-add renovation, but the below-average street ranking for living area and age means it’s not a quick flip without significant work.