Property Overview
This one-and-a-half storey home on Wellington Avenue presents a specific and compelling value proposition. Its key characteristic is a notable contrast: while its 1,197 sqft living area is modest, especially for its street, it sits on a well-sized 4,133 sqft lot that is significantly larger than most in the Daniel McIntyre neighbourhood. The home features a renovated basement and a detached garage. Built in 1949, it is newer than many area homes. Its appeal lies in being an affordable entry point into the housing market with immediate renovation potential, where the value is anchored more in the land and location than in the current structure. It would suit first-time buyers, investors looking for a hold-and-renovate or rental property, and practical buyers who prioritize lot size over a move-in-ready interior.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's current state and market position. It indicates the home itself is modest relative to its lot and neighbourhood, which often translates to a lower tax assessment and an opportunity for a buyer to add value through updates.
2. How does the lot size compare to nearby properties?
The lot is a standout feature. At over 4,000 sqft, it ranks in the top 6% for size within Daniel McIntyre, offering rare potential for expansion, gardening, or outdoor space that isn't typical for the area.
3. What does the "below average" living area ranking for the street mean?
Wellington Avenue has many larger homes, making this property's footprint smaller than most of its direct neighbours. This suggests a quieter, more community-focused street while offering a home that requires less maintenance.
4. Is the detached garage a common feature for homes of this age and area?
For a home built in 1949 in this neighbourhood, a detached garage is a valuable and practical asset, providing secure storage or workshop space that many comparable properties may lack.
5. Who might this property not be suitable for?
It may not suit buyers seeking a large, modern interior ready for immediate occupation without any projects. The data suggests the value is in the land and potential, making it less ideal for those who want a finished home reflective of the full market price.