This 2019-built bi-level home at 1047 Pritchard Avenue presents a distinct profile. Its primary appeal lies in its modern construction, being newer than 99% of homes on its street and 98% in the Burrows Central neighbourhood. With 1,010 sqft of living space, a detached garage, and an unrenovated basement, it offers a low-maintenance, move-in-ready canvas. The lot, while smaller than area averages, contributes to a manageable outdoor space.
The property suits first-time buyers or investors seeking modern systems without the premium of a brand-new build. It also appeals to those prioritizing a newer home in an established neighbourhood over a larger, older property requiring updates. The significantly above-average assessed value for the immediate area suggests it is a standout property on its street, which could be a point of consideration for value-conscious buyers.
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Why is the assessed value so much higher than neighbouring properties?
The assessed value ranks in the top 5% on Pritchard Avenue, largely due to its 2019 construction year. Modern building codes, materials, and systems typically result in a higher valuation compared to the neighbourhood's older housing stock.
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What does "below average" land area mean for me?
The lot is smaller than most in the city and area. This means less yard maintenance but also less private outdoor space. It's a practical fit for those who prefer a low-maintenance property or would utilize nearby community spaces.
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Who might this home not suit?
Buyers needing extensive finished space or a large workshop may find the unrenovated basement and standard living area limiting. Those seeking a historically character-filled home may find its modern bi-level design differs from the neighbourhood's older architectural styles.
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Is the sale price from 2019 relevant today?
The 2019 sale price reflects the purchase of a newly built home at that time. Current market value is determined by recent sales of comparable properties, conditions, and the assessed value, which has been updated since.
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What are the advantages of a home this new in an older neighbourhood?
You benefit from modern insulation, wiring, plumbing, and building standards, which can lead to lower utility costs and fewer immediate repairs. This contrasts with the renovation or update cycles typical of older homes nearby.