Property Overview & Appeal
This well-situated Archwood home presents a compelling blend of established character and modern updates. Its key appeal lies in its above-average living space and a large, private lot for the neighbourhood, offering room to breathe and grow. The 1,396 sqft, one-and-a-half-storey layout is notably spacious, ranking in the top 5% of homes in Archwood for size. Combined with a fully renovated basement, this provides flexible living space for a family or those who work from home. A detached garage adds practical storage or workshop potential.
The data reveals a less obvious strength: the home's age and condition stand out positively on its street. Built in 1953, it is among the newest 9% of homes on St. Catherine Street, suggesting potentially fewer legacy maintenance issues than older neighbours. Its current assessed value of $340k also ranks in the top 6% on the street, indicating it is perceived as a premium property in its immediate locale. This home would suit a buyer looking for a move-in-ready character home in a mature neighbourhood, who values interior space and a larger yard over a brand-new build. It’s ideal for someone who appreciates a home that already shows well against its direct comparables.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's $340k assessment places it in the top 8% of properties in Archwood and the top 6% on its own street, positioning it as a higher-value home within this established neighbourhood.
2. Is the living space typical for the area?
No, it's a standout feature. With 1,396 sqft, the living area is larger than 95% of homes in Archwood, offering more interior space than most nearby properties.
3. What does the sold price from 2019 tell us?
The home sold for $31,600 in late 2019. This very low price, typical of a family transfer or estate sale, is not reflective of market value. It primarily shows the current owners likely realized significant equity gain, allowing for renovations like the basement update.
4. How does the lot size impact the property?
The 3,298 sqft lot is in the top 15% for the neighbourhood. This means more private outdoor space than most, a valuable asset for gardening, play, or entertaining, and a factor in its higher assessment.
5. Are there any red flags from the provided data?
The data shows no major concerns; in fact, key metrics like living area, lot size, and assessed value rank highly. A prospective buyer should still investigate the specifics of the basement renovation (permits, quality) and the condition of the detached garage, as these are not detailed in the stats.