Property Overview
This two-storey home on Waterloo Street in Central River Heights presents a solid, updated offering in a well-regarded neighbourhood. Built in 1952, it sits on a standard 5,423 sqft lot and features a renovated basement and a detached garage. With 1,671 sqft of living space, it is notably more spacious than many comparable homes in the broader area. Its appeal lies in its move-in-ready condition with key updates already completed, coupled with the enduring desirability of the Central River Heights location, known for its mature streets, amenities, and community feel.
This property would suit a practical buyer—perhaps a young family, a professional couple, or a downsizer—who values location and functional space over extreme size or a brand-new build. It’s for someone who appreciates having renovation work (like the basement) already done and prefers the character and established nature of a mid-century home on a traditional lot.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
While the lot and year built are average for the street, the living area is a standout feature. At 1,671 sqft, it offers above-average interior space compared to most homes in Central River Heights and citywide.
2. What is the significance of the assessed value versus the last sale price?
The current assessed value is $51.30k, while it last sold in 2016 for $47.20k. This indicates a stable, gradual appreciation in line with the market. The assessment suggests it holds value well within its peer group in the neighbourhood.
3. What is the likely condition given the year built?
Built in 1952, the home is of an age where core systems (roof, wiring, plumbing) may need evaluation or could have been updated. The mention of a renovated basement is a positive sign of recent investment, but a thorough inspection for an older home’s typical maintenance items would be advisable.
4. Who might the detached garage appeal to?
Beyond vehicle storage, the detached garage offers flexibility. It could serve as a workshop, a studio, or provide extra storage without encroaching on the home's living space—a valuable asset for hobbyists or those needing a clear separation between home and work/activity areas.
5. Is the property a good investment for the area?
The data shows its key metrics (value, living space) consistently rank above average for the wider neighbourhood and city. This suggests it’s a competitively positioned property in Central River Heights, an area with steady demand, which typically supports long-term value retention.