Property Overview
This one-storey home on a 6,000 sqft lot at 707 Borebank Street in Central River Heights presents a specific and appealing opportunity. Its key appeal lies in its generous, above-average lot size for the area—a standout feature in a mature, established neighbourhood. The home itself, built in 1956, is older than many on its street but features a renovated basement. With a detached garage and a living area just over 1,150 sqft, it offers a classic bungalow layout.
The property would particularly suit a buyer who values land over square footage, such as someone looking for ample outdoor space for gardening, children, or future expansion. It's also a practical fit for those seeking the convenience of a single-level living floor plan, possibly downsizers or first-time buyers attracted to the River Heights location. The 2017 sale price suggests a historically accessible entry point into the neighbourhood, making it a candidate for value-conscious buyers willing to update an older home to modern standards.
Frequently Asked Questions
1. What is the true standout feature of this property?
The lot size. At 6,000 sqft, it ranks in the top 17% for land area on Borebank Street, offering significantly more outdoor space than the average local comparable property.
2. How does the age of the home (1956) compare to others?
It is newer than most on its street, where the average comparable home was built in 1947. This could suggest slightly more modern construction fundamentals than many immediate neighbours.
3. Is the living space typical for the area?
Yes. At 1,152 sqft, the above-ground living area is very close to the average for both the street and the wider Central River Heights neighbourhood.
4. What does the assessed value indicate?
The assessed value is around the local average. It’s important to note that this is not a market valuation but a figure for municipal tax purposes; market value is determined by current sale conditions.
5. The home sold in 2017. What context does that provide?
The 2017 sale price provides a historical benchmark, showing the property's price point from that time. It indicates the home has been a more affordable option in the area, but market conditions have likely changed significantly since then.