Property Overview: 1035 Windermere Avenue
Key Characteristics & Appeal
This is a well-situated, classic one-storey home in Beaumont, built in 1927 on a generous, approximately 6,000 sqft lot. Its primary appeal lies in a combination of location, lot size, and a recently renovated basement. The home itself is modest in size at 820 sqft, but the large lot offers significant potential for expansion, gardening, or outdoor living. Key features include a detached garage and the updated basement, which adds functional living space.
Its strongest suit is its position within established, tree-lined streets. The rankings show the property holds its value well against immediate neighbours, often placing in the top tiers for lot size and assessed value on its street. This suggests a stable, desirable micro-location. The home would particularly suit a first-time buyer, an investor, or a downsizer looking for a lower-maintenance footprint on a sizable lot in a mature neighbourhood. It’s a property for someone who values character and location over square footage, and who sees potential in the land and the already-improved basement.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics would require a viewing, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a recreation room, additional bedroom, or laundry area, with updated flooring, walls, and ceilings.
2. The house is 99 years old. What should I be concerned about?
Prospective buyers should prioritize inspections for foundational integrity, roof condition, wiring (ensuring it's updated from original knob-and-tube), plumbing (especially original galvanized pipes), and window efficiency. The recent basement renovation is a positive sign of upkeep.
3. The living area is smaller than average. Is expansion possible?
The large lot is a key asset here. Subject to local zoning and permit approvals, there is clear potential to expand the existing footprint or add a secondary suite, making the lot a major value-driver beyond the current structure.
4. How do the value rankings work?
The rankings (e.g., "Top 79% in same street") compare this property against specific groups. For example, "Top 79% for land area on its street" means its lot is larger than 79% of the 117 lots on Windermere Avenue. This indicates a premium feature relative to its direct neighbours.
5. Why is the assessed value different from the 2022 sale price?
Municipal assessed value is for taxation purposes and often lags behind market value. The 2022 sale price of $27,600k is a historical market indicator. The current assessed value of $24,400k is not a listing price but a tax assessment; a home's final sale price is determined by current market conditions.