118 Barron Drive – Property Overview
Key Characteristics & Buyer Profile
This is a 1965-built home with 1,053 square feet of living space on a 5,122-square-foot lot, currently assessed at $344,000. Its size is below average for both its street and neighbourhood (Westwood), but sits around the citywide average. The assessed value is similarly positioned—slightly below neighbourhood and city medians, but fairly typical for the immediate street. The lot is on the smaller side, especially within Westwood, where the average is over 6,400 square feet.
Where this property has a clear edge is its age. Built in 1965, it’s right in line with the street and neighbourhood averages, meaning it’s not an outlier that might require more deferred maintenance or lack modern updates. That consistency can be a quiet advantage for buyers who want a home from a well-established era without paying a premium for something newer.
The appeal here is pragmatic. This isn’t a showpiece or a standout in any single category—it’s a solid, unremarkable home in a mid-century neighbourhood at a below-average price point. It would suit a first-time buyer looking to get into a stable area without stretching their budget, or an investor seeking a property with city-average fundamentals that isn’t overpriced relative to its street. Buyers who value a larger lot or a bigger floor plan may find it underwhelming; those who care more about location and affordability than square footage will see it as a sensible entry point.
Frequently Asked Questions
1. How does this home’s assessed value compare to others nearby?
It’s slightly below the street average of $357,600 and well below the neighbourhood average of $392,100. Citywide, it sits in the top 56%—around the middle. So it’s priced modestly for the area, not a bargain but not overvalued either.
2. Is the lot size a concern for resale?
At 5,122 square feet, the lot is smaller than most on the street and most in Westwood. This could limit future expansion or appeal to buyers who want a large yard. However, smaller lots often mean less upkeep and may suit buyers who prefer low-maintenance outdoor space.
3. Why is the living area ranked “below average” on the street but “around average” citywide?
The street and neighbourhood both have higher average living areas (1,232 sqft and 1,372 sqft respectively), while the citywide average for comparable homes is 1,342 sqft. The home is only slightly below the city norm, so it’s a more typical size in a broader context, even if it’s compact for Westwood.
4. What does “Top 78%” mean for the living area ranking on this street?
It means the home is in the 78th percentile—larger than 78% of comparable homes on Barron Drive, but smaller than the top 22%. In simpler terms, it’s on the smaller end of the street.
5. Is this home likely to need major renovations soon?
The year built (1965) is in line with the neighbourhood average. Homes of this vintage often have older mechanical systems (furnace, roof, windows) unless updated. The rankings don’t tell you about renovations, so an inspection would be essential. But being typical for its age isn’t a red flag—it means you’re not inheriting an unusually old or unusually new home for the area.