Key Characteristics & Who It Suits
This property at 47 Collingham Bay stands out first and foremost for its land. At 14,581 square feet, it ranks in the top 2% city-wide and top 1% within the Westdale neighbourhood. That’s more than double the average lot size on its own street. The house itself is 1,218 square feet of living space, which is above average for both the street and the neighbourhood, and sits around the middle of the pack for the city overall. Built in 1973, it’s slightly newer than the city average but very much in line with its immediate area. Tax assessment sits just under $400,000, reflective of the land value more than the structure.
The real appeal here is the combination of a generous lot in a well-regarded neighbourhood with a modest, livable house. For someone who wants space outdoors—gardening, room for kids or pets, potential for additions or a garage workshop—without paying for a sprawling, high-end home, this is a rare find. It would suit buyers who prioritize the land and location over a move-in-ready or updated interior. First-time buyers looking for long-term potential, downsizers wanting a single-storey with outdoor room, or anyone interested in eventually renovating or expanding should take a close look. The house is likely functional but not flashy, which keeps the entry price grounded for the area.
Five Possible FAQs
1. The living area is 1,218 sq ft—is that typical for a house on such a large lot?
It’s slightly larger than average for Westdale, but on this street it’s actually the largest house in terms of square footage. The lot, however, is what’s exceptional. This is a case where the structure is modest relative to the land, which is common for older homes in desirable areas. Future buyers could potentially expand, subject to zoning and permits.
2. How does the property compare to others in Westdale?
By land size it ranks in the top 1% of the neighbourhood, and by assessed value in the top 5%. Living area and build year are both above average for Westdale, but not exceptional. It’s a strong performer across the board, with clear standout figures for the lot.
3. Would this be a good investment property?
Possibly, but more for land appreciation than rental yield. The lot’s rarity (top 2% city-wide) suggests long-term value growth. The house itself is older and may need updates, so immediate cash flow could be moderate. If you’re patient and the area continues to develop, the land is the real asset.
4. Is the house likely to need major renovations?
That depends on its current condition, which isn’t detailed here. Built in 1973, it’s not a century home, but it’s also not new. Typical concerns for a house this age include windows, roofing, mechanical systems, and insulation. A thorough inspection would be wise, especially if you plan to live in it as-is for a while before any major work.
5. What’s the neighbourhood like in terms of daily convenience?
Westdale is established and generally well-served by schools, parks, and local shops. It’s not a dense urban core, so a car is helpful, but many errands are within a short drive. The large lot here provides a buffer from neighbors, which is less common in newer subdivisions. If quiet, leafy streets matter to you, this area delivers.