Property Overview
This is a compact, one-storey home built in 1893 on a standard city lot in Daniel McIntyre. Its key characteristic is its modest scale: at 545 sqft, the living area is significantly smaller than most homes locally and citywide. The assessed value is correspondingly low. The lot size, however, is above average for the immediate neighbourhood. The basement exists but is unrenovated, and there is no garage or pool.
The property’s appeal lies in its simplicity and potential. It represents a very accessible entry point into homeownership, with property taxes tied to its low assessment. It suits a specific buyer: someone seeking a minimal footprint, perhaps a first-time buyer comfortable with a project, an investor looking for a straightforward rental, or someone interested in the possibility of a future rebuild or expansion on a well-sized lot. Its age and condition mean it appeals to those with a practical mindset, not those seeking move-in-ready finishes or ample space.
Frequently Asked Questions
1. How does the low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a key ongoing cost savings for the owner.
2. What does "basement, not renovated" imply?
It confirms the house has a basement, but it is in original or utilitarian condition. Buyers should budget for potential moisture issues, upgrades, or simply plan to use it for basic storage and mechanical systems.
3. The house is much smaller than area averages. What should I consider?
Consider your spatial needs carefully. The layout must be efficient. This can be a advantage for keeping utility costs low and maintenance simple, but may not suit those who work from home or have a growing family.
4. The lot is larger than many in Daniel McIntyre. Is that significant?
Yes. It provides more outdoor space than neighbouring properties and offers flexibility. This could be valuable for gardening, adding a parking pad, or future expansion, subject to zoning.
5. Given the age, what are the main concerns?
Homes from 1893 require close attention to foundational integrity, wiring, plumbing, and insulation. A thorough inspection is essential to understand the true condition and any necessary updates to meet modern standards.