Property Overview & Appeal
This renovated one-and-a-half storey home in Archwood presents a compelling blend of post-war charm and modern updates. Its key characteristic is a renovated basement, adding valuable finished living space to the 901 sqft main floor plan. The property sits on a generous 4,147 sqft lot, which ranks well above average for both the street and the wider city, offering ample outdoor space rarely found in newer builds. A detached garage provides additional storage or workshop potential.
The appeal lies in its move-in-ready condition with the major project of a basement renovation already completed. It suits first-time buyers seeking a manageable-sized home without immediate renovation needs, or downsizers looking for a comfortable, low-maintenance property with room for a garden. A thoughtful perspective is its strong "bones" relative to the neighbourhood: the lot size is in the top third locally, and the home itself is newer than most on its street and in Archwood, suggesting potentially better foundational integrity than many comparable period homes.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was last sold in August 2020 for $250,000. The current assessed value is $270,000. This difference is not unusual and reflects market changes and property improvements over time; the assessment is used for tax purposes, not to set market price.
2. Is the living space smaller than average?
At 901 sqft above grade, the living area is moderately sized. However, the renovated basement significantly expands the usable space. When considering both levels, the home offers functional square footage that is competitive for the area, especially given the substantial lot size.
3. What does the ranking data for the lot and year built mean?
The rankings show this property outperforms many of its direct neighbours on key metrics. Its lot is larger than 74% of lots on Cote Street, and the home was built more recently than 77% of homes on the street. This indicates you're getting a relatively newer home on a larger-than-standard parcel for this specific location.
4. Who might the detached garage appeal to?
Beyond vehicle storage, the detached garage is ideal for hobbyists, woodworkers, or those needing a dedicated space for tools and seasonal items. It also offers flexibility for future projects like a workshop or studio, separate from the main house.
5. How does this property fit within Archwood?
Archwood is a stable, established neighbourhood. This home sits comfortably within it, with an assessed value and lot size that are both above the neighbourhood median. It represents a solid, mid-tier property in the area, offering a balance of space, updates, and location without being at the top of the price spectrum.