Property Overview: 627 Borebank Street, Central River Heights
Key Characteristics & Buyer Appeal
This one-storey home on a spacious 6,000 sqft lot presents a solid opportunity in the sought-after Central River Heights neighborhood. Its key appeal lies in a combination of location, lot size, and a renovated basement. The property sits on a lot that is notably larger than most in the immediate area, ranking in the top 17% on its street, which offers valuable outdoor space and potential. While the 1,040 sqft living area is modest compared to some neighborhood homes, it is complemented by the finished basement, adding functional space.
The home would suit first-time buyers or downsizers seeking a manageable single-level layout in a prime location without a premium price tag. It also appeals to value-conscious buyers who prioritize land size over a large house footprint, seeing the lot as a long-term asset. A thoughtful perspective is that the 1954 build date is actually newer than many area homes, suggesting potentially fewer immediate updates than an older character home might require. The detached garage adds practical storage or workshop space, rounding out the offering as a practical, grounded choice in a desirable community.
Frequently Asked Questions
1. How does the lot size compare?
The 6,000 sqft lot is a standout feature, larger than approximately 83% of lots on Borebank Street and 78% of those in Central River Heights, offering more private outdoor space than is typical.
2. Is the house particularly small for the area?
The living area is somewhat below the neighborhood average. This reflects a trade-off: you're acquiring a larger-than-average lot in a prime location, with the house itself offering a compact, efficient layout.
3. 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 listing agent to understand the quality and added living space.
4. How current is the assessed value?
The $40,100 assessed value is for municipal tax purposes and is typically not reflective of market value. The home last sold for $330,000 in May 2020, which is a more relevant benchmark, though market conditions have changed since then.
5. What is the significance of the home being built in 1954?
For this neighborhood, a 1954 build is actually newer than many surrounding homes. This can be an advantage, potentially meaning more modern construction materials and systems than found in pre-war houses, while still offering established streets and mature landscaping.