216 Rouge Road – Property Summary
Key Characteristics & Buyer Profile
This 1965 home on Rouge Road offers 1,276 sqft of living space on a 5,601 sqft lot, with an assessed value of $369k. The property sits slightly above the street average in both living area and lot size—ranking in the top 30% on the street for living space and top 29% for land. That means it’s a bit bigger inside and on a slightly larger lot than most of its immediate neighbours.
Where the appeal lies: It’s not flashy, but it’s solidly middle-of-the-pack for its neighbourhood (Westwood) and city-wide. The assessed value aligns closely with street and area medians, so there’s no obvious pricing outlier that would suggest either a bargain or an overpay. The land area is notably smaller than the neighbourhood average (5,601 sqft vs. 6,491 sqft), which could appeal to buyers who want less yard maintenance but still a decent outdoor footprint. The year built is unremarkable for the area—right around the neighbourhood norm of 1966.
This property suits buyers who want a predictable, no-surprises home in an established area. It’s a good fit for someone who values being on a street where the homes are similar in size and quality—less risk of being the odd one out. It might also work for an investor or first-time buyer looking for a property that’s not over- or under-valued relative to comparable homes, and where the lot offers a bit more space than the street average without being oversized.
FAQs
1. How does this home compare to other houses on Rouge Road?
It’s above average for the street in both living area (top 30%) and lot size (top 29%). The assessed value is also slightly above the street median ($369k vs. $351.5k), which reflects the extra space. Year built is close to the street average.
2. Is the assessed value accurate, or should I expect it to change?
The assessed value is in line with the neighbourhood median ($392.1k) and city-wide average ($390.1k), though it’s a bit below both. That suggests the city’s valuation is reasonable, but market conditions could push it up or down depending on local demand.
3. Why is the land area smaller than the neighbourhood average?
The lot here (5,601 sqft) is about 14% smaller than the Westwood average (6,491 sqft). That’s common for streets where homes were built on narrower or shallower lots. The upside is less upkeep; the trade-off is less outdoor space and potentially lower resale value if lot size matters in your market.
4. How old is the home, and will I need major updates soon?
Built in 1965, so about 60 years old. That’s typical for the area. Systems (roof, furnace, windows, plumbing, electrical) could be original or replaced—there’s no data here on that. A home inspection would clarify what’s nearing end of life.
5. Is this a good investment for resale later?
The property ranks around the middle of the neighbourhood and city for value, which means it’s not likely to outperform or underperform dramatically. Steady appreciation is probable if the area stays stable. The larger-than-average street lot gives it a small edge over immediate neighbours, but the smaller-than-average neighbourhood lot limits its upside compared to bigger properties nearby.