Property Overview & Appeal
This one-and-a-half storey home on Aberdeen Avenue, built in 1914, presents a straightforward opportunity centered on its land and fundamentals. Its key characteristic is a nearly 3,000 sqft lot, which is above average for the immediate street and neighbourhood. The living space (1,156 sqft) is also notably larger than many comparable homes in the Burrows Central area. The home itself includes a basement but is unrenovated, has no garage or pool, and reflects its age.
The appeal lies primarily in its value as a land play or a foundational project. The lot size offers future potential for expansion, gardening, or outdoor space that is becoming rarer in older core neighbourhoods. It suits a practical buyer looking for an entry point into the market—such as an investor, a hands-on renovator, or someone content with a modest, unimproved home who prioritizes lot size over turn-key condition. A less obvious perspective is that its consistently "above average" rankings on the street for size and value suggest it's a relatively solid property within its specific, more affordable context, rather than a distressed outlier.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value for municipal taxes is $19,900k, but the home sold for $22,500k in August 2024. Market price is determined by recent sales and buyer demand.
2. What does "above average" for living area mean here?
It means that at 1,156 sqft, this home has more interior space than most similar homes on Aberdeen Avenue and in the Burrows Central neighbourhood, though it is near the citywide average.
3. What are the implications of an unrenovated basement?
Typically, this means the basement is in original or utility condition, not finished as living space. Buyers should budget for potential moisture management, updates to foundational systems, and any desired renovations.
4. How does the lot size compare practically?
At 2,999 sqft, the lot is larger than many in the immediate area, but still modest by suburban standards. It provides good outdoor space for a home of this era in an established neighbourhood.
5. The home is 112 years old. What should I consider?
While the structure has proven durable, a pre-purchase inspection is essential to understand the condition of the roof, wiring, plumbing, and foundation. Maintenance and update costs should be factored into any offer.