Property Summary: 50 Athlone Drive
Key Characteristics & Appeal
This well-established two-storey home on a spacious 6,510 sqft lot in Booth offers solid value and a quiet, settled neighbourhood feel. Its key feature is a renovated basement, adding valuable finished living space to the 1,607 sqft main footprint. Built in 1964, the home sits on a lot that is larger than most in the immediate area, providing room for gardening, play, or expansion.
The appeal lies in its practicality and location within a mature community. Recent sales history shows significant value growth, with the latest sale price substantially higher than the previous one from 2021, indicating strong market interest in the street. The property suits first-time buyers or downsizers looking for a move-in-ready home with a modernized lower level, without the premium of a brand-new build. It’s also a sensible choice for value-focused buyers who prioritize lot size and a quiet street over a brand-new home, appreciating the character and established greenery of an older neighbourhood.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality, ceiling height, and whether it includes a legal secondary suite or additional bedrooms.
2. How does having no garage affect daily life and value?
The lack of a garage means relying on street parking or adding a structure later. In a mature neighbourhood, this is common and often reflected in the price, but buyers should consider winter vehicle maintenance and storage needs.
3. The assessed value is much lower than the recent sale price. Why?
Municipal assessed value for taxation purposes often lags behind the current market. The recent sale price of $43.5k is the best indicator of its current market value.
4. Is the neighbourhood actively improving?
The sales data suggests so. The home sold for $340k in 2021 and then $43.5k in early 2024. This sharp appreciation, coupled with the home’s ranking in the top third of the neighbourhood for lot size, points to an area where properties are in demand and values are rising.
5. What are the immediate next steps for a new owner?
Given the age of the home, a thorough inspection of major systems (roof, wiring, plumbing, foundation) is the top priority. The large lot also presents an opportunity—whether for simple landscaping, adding a garage, or future expansion, subject to local bylaws.