Property Overview
This one-storey home at 679 Waterloo Street in Central River Heights is a classic post-war property built in 1953. Its primary appeal lies in its established neighbourhood setting and a lot size that is generous for the area. The home features a renovated basement and a detached garage. With a living area of 1,279 sqft, it offers a comfortable footprint. The data suggests this is a solid, middle-of-the-road property for the street and neighbourhood in terms of size and value, but it stands out for having a newer build year than many immediate comparables. It would suit a first-time buyer or downsizer looking for a manageable, single-level layout in a central, tree-lined neighbourhood without the premium of a fully modernized home. A thoughtful perspective is that the renovated basement adds functional space not reflected in the main living area square footage, offering potential for a home office or recreational room.
Key Details & FAQs
Key Characteristics & Appeal
This home presents a practical opportunity in a sought-after area. Its key characteristics include a 5,785 sqft lot, which is above the neighbourhood average, providing valuable outdoor space. The house itself, while not large, is efficiently sized for its era. Its appeal is grounded in location and lot value rather than luxury finishes. The renovated basement is a significant functional upgrade. It would best suit value-conscious buyers who prioritize location and land over a turn-key modern interior, or those looking for a home with classic character and the potential to personalize over time.
Frequently Asked Questions
1. How does the property’s age impact a purchase?
Built in 1953, it is newer than many homes on its street and in Central River Heights. This can be an advantage, potentially meaning updates to fundamental systems have already been addressed, but a thorough inspection is always recommended for any home of this era.
2. Is the assessed value a good indicator of the sale price?
The last sale was in June 2022 for $49,400, close to its current assessed value of $45,900. In stable markets, assessed value can be a benchmark, but the final sale price is determined by current market conditions, the property’s state, and buyer demand.
3. What does the lot size mean for me?
At nearly 5,800 sqft, the lot is a standout feature. It offers ample yard space for gardening, recreation, or future expansion like a deck or shed, which is a premium in mature neighbourhoods.
4. The living area seems modest. Is the home spacious enough?
At 1,279 sqft, the main floor living area is typical for a 1950s one-storey home. The renovated basement effectively adds usable square footage, creating a more flexible living space than the main floor measurement alone implies.
5. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout or extensive high-end finishes without undertaking renovations. Those requiring multiple large bedrooms or bathrooms on the main floor may also find the original floor plan limiting.