Property Overview
This 1953-built, one-storey home on a large 6,024 sqft lot in Central River Heights presents a compelling opportunity. Its primary appeal lies in its generous proportions, both in living space (2,115 sqft) and land size, which rank well above average for the desirable neighbourhood. The home features a renovated basement and a detached garage. The data suggests it is a property with established character, offering more interior room than most nearby homes, on a parcel of land that provides ample outdoor potential. It would particularly suit buyers looking for a spacious bungalow in a central location, who value the flexibility of a large yard and are possibly interested in a home where the value is rooted in its generous footprint and solid neighbourhood standing. A thoughtful perspective is that while the home itself is from the 1950s, its lot size is a finite asset that newer developments rarely match, offering long-term value in land.
Frequently Asked Questions
1. How does the living area compare to typical homes in the area?
The living area is 2,115 sqft, which is significantly larger than average. It ranks in the top 5% of homes in Central River Heights, where comparable properties average about 1,346 sqft.
2. Is the lot size a notable feature?
Yes. The 6,024 sqft lot is above average for both Waterloo Street and the broader Central River Heights neighbourhood, placing it in the top 25% and top 18% respectively for local comparisons.
3. What is the significance of the assessed value?
The assessed value of $59,600k is above average for its immediate street, neighbourhood, and city-wide. It ranks in the top 6% for Central River Heights, indicating the property is assessed among the higher-valued homes in this area.
4. When was it last sold, and for how much?
The property was last sold in August 2023 for $63,300k. This sale price was well above average for the neighbourhood, ranking in the top 4% of Central River Heights at that time.
5. How does the year built affect this property?
Built in 1953, the home is newer than many on its street and in Central River Heights, where average build years are 1946 and 1953 respectively. This suggests it may have had fewer generations of wear or updates compared to some neighbouring houses.