155 Westgrove Way – Property Summary
Key Characteristics & Buyer Profile
This home offers 878 square feet of living space on a 1,532-square-foot lot, built in 1971. Its assessed value is $182,000.
The property sits slightly below average in living space compared to its own street, but the gap widens at the community and city levels. In Westdale, it ranks in the lower third for size, and citywide it falls in the bottom 14%. Lot size follows a similar pattern—modest by any standard.
What stands out here is the building’s age relative to its surroundings. On Westgrove Way, it’s among the oldest homes, ranking in the top 5%. That’s not necessarily a drawback: it suggests the property has been part of a stable, well-established street for decades. For someone who values character or a simpler floor plan, that consistency can be appealing.
The assessed value is notably low—well below the street, community, and city averages. This may reflect a home that hasn’t been heavily upgraded, or simply that the lot size and square footage keep the valuation down. For a buyer, that lower entry point could mean more room in the budget for renovations, or a lighter property tax burden from the start.
This property would suit buyers who are comfortable with a smaller home and lot, and who see potential in making updates over time. It’s not a move-in-ready showpiece, but a practical option for someone looking to enter a desirable neighbourhood at a lower price point. First-time buyers, downsizers, or investors focused on location rather than turnkey condition should take a closer look.
Frequently Asked Questions
1. Is this a good investment given the low assessed value?
It depends on your goals. The low assessment means lower property taxes, but it also suggests the home hasn’t kept pace with neighbours in terms of upgrades. If you’re willing to invest in renovations, you could increase both the value and livability. If you’re looking for immediate resale potential, this may not be the strongest candidate.
2. How does the small lot affect resale or future development?
The lot is much smaller than average for Westdale, so it won’t appeal to buyers wanting yard space or room for additions. However, for a single-family home with low maintenance, it could be a plus. Don’t expect to subdivide or expand significantly.
3. Is the 1971 build a concern?
Not necessarily—1970s construction is generally solid, but systems like plumbing, electrical, and insulation may be original. A home inspection is essential. The fact that the street is made up of similar-era homes suggests the neighbourhood has aged consistently, which can be a positive.
4. Why is the assessed value so much lower than the street average?
Assessments consider size, condition, and recent sales. Since this home has below-average living space and a small lot, and potentially fewer updates, the valuation reflects that. It’s not a red flag—just a signal that you’re buying a more modest property in a higher-value area.
5. How does this home compare to others in Westdale?
In terms of square footage and lot size, it’s on the smaller end. The build year is typical for the area. The main difference is price point—this is likely one of the more affordable options in the neighbourhood, which is the core draw for many buyers.