Property Overview
This two-storey home on a generous 6,024 sqft lot in Central River Heights presents a compelling opportunity. Built in 1954, it offers 1,867 sqft of living space, which is notably above average for both the immediate street and the wider, sought-after neighbourhood. A key feature is its renovated basement, adding valuable finished space, and the property includes a detached garage. Its appeal lies in the combination of a larger-than-typical lot and living area for the area, providing room to grow or garden, coupled with the established charm and convenience of River Heights. The home suits buyers looking for a character property with proven space, both indoors and out, who value a quiet street setting while being close to neighbourhood amenities, schools, and parks. A thoughtful perspective: the 2017 sale price presents a potentially interesting value story compared to its current assessed value, suggesting significant equity growth or investment in the property since then.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand if it includes additional bedrooms, a living area, or a dedicated utility space.
2. How does the assessed value relate to the expected market price?
The assessed value for taxation purposes ($56.50k) is typically much lower than market value. The more relevant figure is the 2017 sale price of $412k, which serves as a historical benchmark. Current market price would be determined by recent comparable sales, condition, and market trends.
3. Is the detached garage heated or insulated?
This detail is not provided. The presence of a detached garage is noted, but its specific features and condition would need verification, as this impacts its utility year-round.
4. How does the lot size compare practically?
At over 6,000 sqft, the lot is in the top 23% on Ash Street. This means more private outdoor space than many neighbouring properties, offering potential for gardening, play, or expansion, subject to local zoning.
5. The home was built in 1954. What should I consider?
While the year built is above average for the street, a home of this age likely has original building materials and systems. The renovated basement is a positive update, but a thorough inspection of the roof, wiring, plumbing, and foundation is essential to understand any needed maintenance or updates.