41 Arundel Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1955-built home on a 4,995 sqft lot, with 892 sqft of living space and an assessed value of $344,000. Its standout feature is the year built—it’s the oldest house on the street (ranked #1 out of 51), which gives it a distinct character and likely more established construction compared to newer builds in the area. The assessed value is above average for the street (top 8%), suggesting the home has held or increased its value relative to neighbours, even though the living area and lot size are both slightly below the street average.
The property sits in Windsor Park, a neighbourhood where most homes are newer (average year built 1961) and larger (average living area 1,091 sqft, average lot 6,030 sqft). Citywide, it’s around average in age, value, and lot size but below average in living space. The appeal here is not about square footage or land—it’s about getting into a street where values are comparatively high for the area, with a home that has historic bones. It would suit buyers who prioritize location and character over raw space, such as first-time buyers looking for a more affordable entry into a solid street, or renovators who see potential in a smaller, older home with good value positioning. It may also appeal to investors who want a property with above-average assessment growth potential on a well-ranked street.
Frequently Asked Questions
1. How does this home compare to others on Arundel Road?
It’s the oldest house on the street by a clear margin (1955 vs. the street average of 1955, meaning all others are newer or same). It’s also among the highest-valued on the street (top 8%), despite having a slightly smaller living area and lot size than the street average. So you’re paying a premium for the address and possibly the lot’s location or condition, not the size.
2. Is the living space too small for a family?
It depends on your needs. At 892 sqft, it’s below the Windsor Park neighbourhood average (1,091 sqft) and citywide comparable average (1,342 sqft). This is a compact home—better suited for a couple, a single person, or a small family who doesn’t need extra rooms. If you’re planning to expand, check zoning and feasibility, but as-is, it’s a cozy, not spacious, layout.
3. Why is the assessed value above average when the lot and house are smaller?
Assessed value reflects market conditions, not just size. On Arundel Road, values are pushed up by the street’s desirability and the fact that many neighbouring homes are newer or larger, creating a high baseline. Your home’s value ranking (top 8% on street) suggests it may have been updated or is in a particularly good location within the street. It’s not a fixer-upper with low value—it’s already performing well relative to peers.
4. What’s the deal with the lot size being below average for the neighbourhood?
The lot (4,995 sqft) is smaller than both the Windsor Park average (6,030 sqft) and the citywide average (6,570 sqft). That means less yard space and potentially less privacy from neighbours. If outdoor space is a priority, this isn’t a standout. However, the smaller lot often means lower maintenance and may keep the purchase price more accessible than larger-lot homes in the same area.
5. Is this a good investment property?
It could be, but with caveats. The assessed value is above average on the street, which is a positive sign for appreciation potential, but the below-average living area and lot size may limit how much value you can add without major renovations. The age (1955) means systems may need updating soon. For pure rental yield, the smaller square footage might limit rent compared to larger homes in Windsor Park. It’s better suited for a buyer who values the street ranking and is willing to hold long-term, rather than someone looking for a quick flip.