Property Overview
This well-situated one-storey home on a generous lot in Central River Heights presents a specific and appealing opportunity. Its key appeal lies in the combination of a prime, established neighbourhood and a significant, above-average land area of over 6,000 sqft. While the 1,045 sqft living space is modest, the property features a renovated basement, adding functional space, and a detached garage. Built in 1953, it is a newer home compared to many on its street and in the immediate area.
This property would suit a buyer who values land size and location over a large existing footprint. It’s ideal for someone looking to enter a sought-after neighbourhood like River Heights, with the potential to renovate or expand the main floor over time (subject to approvals). It also suits a practical buyer who appreciates the immediate benefits of a renovated basement and a detached garage without the premium price of a fully updated, large home. The last known sale was in 2019 for $310,000.
Frequently Asked Questions
1. Is the land size a major advantage?
Yes. At 6,001 sqft, the lot is in the top 15% for size on Campbell Street. This is a standout feature for the area, offering more outdoor space and potential than many neighbouring properties.
2. How does the living area compare to the neighbourhood?
The living area is below average for both the street and Central River Heights. This indicates the home itself is more compact, making the property primarily a land and location play with a liveable house.
3. What does "renovated basement" typically mean here?
While specifics aren't listed, in a 1953 home this often means updated finishes, flooring, and possibly a legal or comfortable secondary living space, adding crucial functional square footage to the smaller main floor.
4. Why is the assessed value so much lower than the last sale price?
The assessed value (for tax purposes) is often not aligned with market value. The 2019 sale price of $310k is a more relevant indicator of its market worth, though current conditions will dictate its new value.
5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready home with ample main-floor living space or those unwilling to consider future renovations. The value here is in the lot and the neighbourhood, with the house offering functional but modest accommodation.