45 Coleridge Park Drive – Property Summary
Key Characteristics & Buyer Profile
This is a 2,286 sqft home built in 1971 on an 8,381 sqft lot, with an assessed value of $640,000. What stands out is not the street-level averages (where it ranks solid but not exceptional), but how dramatically it outperforms at the neighbourhood and city scales.
On Coleridge Park Drive, the home is above-average in size and value, but not the top performer. The real story is in Westwood: this property ranks in the top 2% of the neighbourhood for both living area and assessed value. Citywide, it lands in the top 5% for size and top 6% for value. The land parcel is also notably generous—top 10% citywide, and significantly larger than the Westwood average lot size of 6,491 sqft.
The appeal here is subtle. It’s not a showpiece on its street, but it offers rare space and equity within a well-established area. The year built (1971) is typical for the street and slightly newer than the neighbourhood median—meaning the bones are likely solid, but updates may be needed.
Best suited for: Buyers who prioritize square footage and lot size over curb appeal or street prestige. This works well for someone who wants a spacious home in a stable, mature neighbourhood without paying a premium for a top-of-market street. It’s also a strong fit for those who see value in land—the lot alone puts you ahead of most citywide properties.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On the street, it’s about 10% above the $580,400 average. In the neighbourhood, it’s roughly 63% higher than the $392,100 average. That gap shows the home is an outlier in Westwood, but closer to typical on its own street.
2. Is the 1971 build a concern, or an advantage?
Homes from that era in Westwood tend to have good construction quality (many are bungalows or two-storeys with solid foundations). Being slightly newer than the neighbourhood average (1966) may mean fewer major renovations needed—but systems like HVAC, windows, and roof age should still be verified.
3. Why is the street ranking average but neighbourhood ranking elite?
Coleridge Park Drive has larger, higher-value homes than the rest of Westwood. So the property is competitive street-level, but in the broader neighbourhood, it’s a top-tier asset. In other words, you’re buying into a pocket of above-average homes within an already desirable area.
4. What’s the practical benefit of an 8,381 sqft lot?
That’s roughly 30% larger than the city median. It offers room for expansion (garage, shop, garden suite—subject to zoning), more privacy from neighbours, and better resale potential. In a market where lot size is increasingly constrained, this adds long-term value.
5. Who would this home not suit?
Buyers looking for a turn-key, recently renovated home with modern finishes should be cautious. A 1971 build may need updating, and the street-level status (top 25-27%) means you’re paying for size, not prestige. If neighbourhood cachet or a walkable urban location is your priority, this may feel understated.