Property Overview
This 1911 two-storey home on Redwood Avenue presents a compelling mix of historic character and practical updates. Its primary appeal lies in offering significantly more space than most homes in the area, paired with a modernized basement. At 1,760 sqft, the living area is exceptionally large for the street and neighbourhood, ranking in the top 3% and 8% respectively. This is complemented by a nearly 3,000 sqft lot. The home has a renovated basement, adding functional living space. While it lacks a garage, its assessed value sits comfortably above average for the immediate area.
It would suit buyers looking for a character home with room to grow, who value interior space over certain amenities. It’s ideal for someone comfortable with a home of this vintage (115 years) and who may prioritize a larger footprint and a finished basement over a newer build or a garage. The property offers a less obvious advantage: its above-average lot size for the neighbourhood provides valuable outdoor space and potential, which is a rarity in older urban areas.
Frequently Asked Questions
What does a "renovated basement" typically mean in a home of this age?
It usually indicates the basement has been updated for modern living, likely including finished walls, flooring, and proper ceilings. It's important to clarify the extent, quality, and any moisture-proofing measures taken, as basements in century-old homes require careful attention.
The home is 115 years old. What should I budget for maintenance?
Prospective buyers should plan for ongoing upkeep consistent with a historic property. This includes potential updates to original systems like plumbing or wiring, and maintenance of older windows and the foundation. A thorough pre-purchase inspection is essential.
How does the lack of a garage affect daily life and property value?
On-street parking is the norm here. For some buyers, this is a worthwhile trade-off for the home's interior space and lot size. It keeps the property accessible at a different price point than homes with garages in comparable areas.
The assessed value is $21,100. Is that the sale price?
No. Assessed value is for municipal tax purposes only and is often significantly lower than market value. The sale price will be determined by current market conditions, the home's updated features, and its desirable square footage.
The neighbourhood rankings show a mix. How do I interpret them?
The data highlights this property's specific strengths. It ranks very high for living area but average or lower for year built. This tells you you're buying for space and character, not for a modern build. It outperforms most nearby homes on interior size, which is a key differentiator.