Property Overview & Appeal
This 816 sqft one-storey home on a 3,271 sqft lot in Daniel McIntyre is a practical and character-filled option built in 1924. Its key appeal lies in its balance of historic charm and modern updates, notably a renovated basement that adds functional living space. While the living area is modest compared to local averages, the property holds its own with an assessed value that is above average for the immediate neighbourhood, suggesting solid value retention in its context.
The home would suit first-time buyers or downsizers seeking an efficient, low-maintenance footprint without sacrificing outdoor space. It also appeals to value-conscious investors or homeowners who prioritize location and lot potential over sheer square footage, as the detached garage and renovated basement offer flexibility for storage, hobbies, or rental income.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 816 sqft, the living area is below the average for both Alverstone Street and the wider Daniel McIntyre neighbourhood. This indicates a more compact, efficient layout suited to simpler living.
2. The assessed value seems low. Is this a concern?
The assessed value of $22,800 is not a market price but a municipal valuation for tax purposes. Notably, it ranks above average within Daniel McIntyre, indicating the property is viewed favorably relative to its direct neighbours.
3. What does the sale history tell us?
The home sold for $240,000 in June 2020. This recent transaction provides a concrete benchmark for market value, far exceeding its assessed value, which is typical.
4. Is the lot size a positive feature?
Yes. The lot is over 3,200 sqft, which is above average for Daniel McIntyre. This provides valuable outdoor space and potential that many city lots lack, offering room for gardening, entertaining, or future expansion.
5. What are the less obvious considerations with a home from 1924?
While the renovated basement is a plus, a home of this age requires a focus on the condition of core systems (plumbing, electrical, foundation) that may not be fully updated. Its above-average age ranking on the street, however, means many neighbouring homes share similar vintage considerations.