454 Burrows Avenue: Property Summary
Key Characteristics & Buyer Profile
This is a 1,813-square-foot home built in 1907, located in the William Whyte neighbourhood. Its standout feature is size: the living area ranks in the top 5% on Burrows Avenue, top 7% in the neighbourhood, and top 17% citywide. This means the house offers significantly more interior space than most homes around it—a rare commodity on the street for the price point.
The appeal here is space per dollar, not cosmetic perfection. The assessed value is $162,000, which is below the street average of $227,300 and sits in the bottom 5% citywide. That gap between generous square footage and low valuation suggests potential value for a buyer willing to put in work. The land area is small—2,727 square feet, ranking in the bottom 30% on the street—so this is a vertical house on a compact lot, not a spread-out property.
This property suits a buyer who prioritizes room to live or renovate over a prime lot size or a turnkey finish. It works for someone comfortable with an older home (1907 construction) and a neighbourhood that may still be below citywide averages in valuation. It’s less ideal for buyers seeking a larger yard, a newer build, or a house that’s already at peak market value.
Five Possible FAQs
1. How does the assessed value compare to similar homes in the area?
The assessed value of $162,000 is roughly in the middle for William Whyte (top 34% in the neighbourhood), but it’s well below the average on Burrows Avenue ($227,300) and far below the citywide average ($390,100). That gap between living area rank and value rank is the main point to investigate.
2. Is the lot size a limitation?
Yes. At 2,727 square feet, the lot is smaller than most on the street (top 71%) and in the neighbourhood (top 83%). If you want a large garden, a garage, or room to expand, this lot will feel tight. It’s better suited for someone who wants indoor space and low outdoor maintenance.
3. Why is the year built important for this property?
Built in 1907, this house is older than the average on Burrows Avenue (1944) and far older than the citywide average (1966). Older homes can have solid bones and character, but they also often require updates to electrical, plumbing, insulation, and foundation. A thorough inspection is a necessary step here.
4. What type of renovation potential does this property have?
The large living area on a smaller lot suggests the house may have tall ceilings, generous room sizes, or an add-on from a previous era. The low assessed value relative to size could mean the property hasn’t been updated recently. That opens up potential for a buyer to add value through cosmetic or structural improvements—but it also means you’re not paying for someone else’s renovations.
5. How does this property compare to others in William Whyte overall?
It’s a standout for living space (top 7% in the neighbourhood) but is below average for year built and lot size. The assessed value is around the neighbourhood median. So overall, this house offers more square footage than its neighbours for a similar price, but with an older build and smaller yard. It’s not a “best-in-class” across all metrics—it’s a trade-off.