Property Overview
This well-situated one-storey home at 572 Niagara Street in Central River Heights presents a compelling opportunity. Built in 1952, it sits on a generous 7,078 sqft lot, which is notably larger than most in the immediate area and ranks within the top 5% for lot size on its street. The 1,503 sqft living space is comfortably above the city-wide average, and the home features a renovated basement and a detached garage. It last sold in November 2024 for $520,000, a price point that reflects its above-average standing within the neighbourhood and city.
Key Characteristics & Appeal
The primary appeal of this property is its exceptional lot size in a mature, established neighbourhood. The land offers significant space for gardening, recreation, or future expansion, a rarity in central locations. The renovated basement adds valuable finished living space, increasing the home’s functionality. Its recent sale at a strong neighbourhood price indicates a home that is move-in ready and competitively positioned.
This home would suit buyers looking for a grounded, long-term property in a prime area. It’s ideal for those who value private outdoor space over a brand-new build, and for families or individuals seeking the character and convenience of River Heights with room to breathe. A thoughtful perspective is that the 1952 build date, while not new, suggests a home from a period of solid construction, and its above-average assessment for the street hints at well-maintained or updated core systems.
Frequently Asked Questions
1. How does the lot size compare practically?
The lot is over 2,200 sqft larger than the average for Central River Heights. This translates to a much more substantial backyard, greater frontage, and more distance from neighbours than is typical for the area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it’s a legal suite, a recreation room, or additional bedrooms.
3. Is the sale price consistent with the area?
The $520,000 sale price ranks above average for both the neighbourhood and the city, indicating the market recognized the value of the large lot, renovated basement, and the home’s overall condition.
4. What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or additional storage without impacting the main house's layout. It may also present a future opportunity (subject to zoning) to develop the lot while retaining parking.
5. The home is older; are there major updates?
While the basement is noted as renovated, the listing does not detail updates to the roof, windows, electrical, or plumbing. Given the year built, investigating the age and condition of these major components would be a prudent next step.