Property Overview
664 Toronto Street is a one-and-three-quarter storey home built in 1905, offering a blend of historic character and practical fundamentals. Its key appeal lies in its established Daniel McIntyre neighbourhood location and a lot size that is generous for the immediate area. The home features 1,152 sqft of living space, a detached garage, and an unrenovated basement.
Key Characteristics & Ideal Buyer
This property presents a straightforward opportunity, particularly suited to value-conscious buyers. Its assessed value is notably below averages for the street, neighbourhood, and city, which can indicate a lower property tax burden and potential for value growth. The lot size of 2,367 sqft ranks in the top 17% on Toronto Street, offering more outdoor space than many nearby homes—a significant perk in an inner-city area.
The appeal is grounded in practicality rather than luxury. It would suit a first-time buyer comfortable with a home that may require updates over time, or an investor looking for a character property with solid fundamentals in a central location. The unrenovated basement presents a clear project for additional living or storage space. A thoughtful perspective is that this home offers a chance to enter the market in a character-rich neighbourhood without the premium price of a fully updated property, allowing the owner to build equity through gradual, personalized improvements.
Frequently Asked Questions
What does "below average" assessed value mean for taxes and future value?
A below-average assessment typically results in lower municipal property taxes compared to similar homes on the same street. It can also suggest potential for the assessment—and therefore the market value—to increase as improvements are made or as the area continues to develop.
How significant is the lot size advantage?
Ranking in the top 17% for land area on its street is a distinct advantage. It provides more private outdoor space than most direct neighbours, which is a valued and finite commodity in established neighbourhoods, offering room for gardening, entertaining, or future additions like a deck or shed.
What should I know about a home built in 1905?
While full of character, a home of this age will likely have older building systems (like wiring and plumbing) and require diligent maintenance. The "one-and-three-quarter" storey design often features unique layouts with sloped ceilings on the upper floor. An inspection is essential to understand the condition and any modernizations needed.
The basement is noted as "not renovated." What does that imply?
This typically means the basement is in a raw or utility state, with unfinished walls and concrete floors. It offers a blank canvas for future development but will require a significant investment to turn into livable space. It currently serves for mechanical systems and storage.
How does the living area compare to nearby homes?
At 1,152 sqft, the living space is very close to the average for both Toronto Street and the Daniel McIntyre neighbourhood. This indicates the home provides a standard amount of interior space for the area, neither unusually small nor particularly expansive.