Property Overview
This well-situated one-storey home on a generous lot in Central River Heights presents a specific and compelling opportunity. Its appeal lies in the combination of a prime location, a large and private yard, and a recently renovated basement, offering a solid foundation for both comfortable living and future potential.
Key Characteristics & Ideal Buyer
The home’s standout feature is its land. At over 5,200 square feet, the lot size is notably above average for both Brock Street and the broader Central River Heights area, providing rare outdoor space and privacy for the neighbourhood. The detached garage adds practical utility. While the main living area is modest at just over 1,100 sqft, the inclusion of a renovated basement significantly expands the usable space. Built in 1953, the home is newer than many in its immediate vicinity.
This property is ideally suited for a few distinct buyer profiles. First, it’s a strong entry-point into a sought-after neighbourhood for buyers who prioritize land size and location over a large existing footprint. Second, it appeals to those with a vision for expansion or renovation, where the valuable lot and solid baseline (with a finished basement) provide a excellent canvas. Finally, it could suit downsizers seeking single-level living in a central location, who would appreciate the manageable interior scale paired with low-maintenance outdoor space for gardening or entertaining.
Frequently Asked Questions
1. Is the assessed value an accurate reflection of the market price?
No, the municipal assessed value for tax purposes is typically much lower than market value, as seen here. The sale price from 2022 is a more relevant benchmark, though current market conditions must be considered.
2. How does the living space compare to other homes nearby?
The above-ground living area is smaller than most comparable homes on the street and in the area. However, the renovated basement adds significant finished space, and the lot size is a substantial compensating factor.
3. What does the "above average" year built ranking mean?
It indicates this home (1953) is newer than many of its direct neighbours. On Brock Street, comparable homes average a 1942 build year, so this property may have fewer age-related concerns than others in the immediate row.
4. Who might find the detached garage particularly valuable?
Beyond standard parking and storage, a detached garage is ideal for hobbyists, woodworkers, or anyone needing a separate workspace without noise or fumes entering the main house. It also offers flexibility for potential conversion, like a studio or home office.
5. Given the lot size, what are the possibilities for expansion?
The large lot presents clear potential for additions, a sunroom, or a substantial deck. It’s crucial to consult with the city on zoning bylaws, setback requirements, and permitting before making concrete plans.