Property Overview & Key Characteristics
This 1948 one-storey home in Archwood sits on a generous 4,146 sqft lot, offering a solid foundation in a well-established neighbourhood. Its key appeal lies in the combination of a renovated basement and a lot size that ranks in the top half of its street and neighbourhood, providing valuable outdoor space and potential. With a modest 748 sqft living area, the home prioritizes lot size over interior square footage. The assessed value of $250k sits above the median for the immediate area, suggesting the renovations and lot are key value drivers.
This property would suit a first-time buyer or downsizer looking for a manageable, single-level home with a move-in-ready basement and room to garden or expand outdoors. It’s also a practical option for an investor seeking a character home with a strong land component in a stable neighbourhood. A thoughtful perspective is that while the living space is compact, the large lot offers a rare opportunity in the city for outdoor living or future additions, balancing the home’s vintage size with modern potential.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
At 4,146 sqft, the lot is larger than over half the properties on Guilbault Street and in the broader Archwood neighbourhood, which is a significant advantage for privacy, recreation, or future projects.
2. The living area seems small. How does it feel?
At 748 sqft, the main floor is indeed compact. The appeal for many will be the renovated basement, which effectively doubles the usable living space, making the overall footprint more functional.
3. What does the sold price history indicate?
It last sold in October 2021 for $245,000. The current assessed value of $250k is relatively close to that recent sale price, indicating stable value in line with market trends over the past few years.
4. Is the lack of a garage a major drawback?
While the property has no garage, the very large lot provides ample space for off-street parking and the potential to add a garage or shed, subject to local bylaws and permits.
5. The home is 78 years old. What should I consider?
While the basement has been renovated, the core structure and main floor are from 1948. A thorough inspection is recommended to understand the condition of major vintage components like the roof, foundation, and plumbing.