Property Overview & Key Characteristics
This one-and-a-half storey home on a 3,001 sqft lot in Inkster-Faraday presents a practical opportunity with specific appeal. Its key characteristic is a renovated basement, adding valuable finished space to the 880 sqft main living area. Built in 1939, the home sits on a lot size that ranks in the top third of its street, offering above-average outdoor space for the immediate area. The detached garage provides flexible storage or workshop potential.
The appeal lies in its position as a solid, no-fuss property in a mature neighbourhood. It suits first-time buyers seeking an entry point with immediate livability thanks to the basement renovation, or investors looking for a stable rental property. A thoughtful perspective is that while the living area is modest, the generous lot and renovated basement offer room to grow or adapt over time, presenting a canvas for future value addition rather than a finished product. Its assessed value has remained remarkably stable, suggesting a predictable, low-volatility investment in a well-established community.
Frequently Asked Questions
1. How does the living space compare to the neighbourhood?
At 880 sqft, the main living area is smaller than many area homes, ranking in the top 35% on its street. However, the renovated basement significantly expands the usable square footage.
2. What does the lot size ranking mean?
The lot is 3,001 sqft and ranks in the top 65% on Garlies Street, meaning it's larger than most direct neighbours. This is a notable asset for outdoor space, gardening, or potential expansion.
3. Has the property value changed much?
The assessed value is very consistent, showing minimal fluctuation from its last sale price in 2021. This indicates stable municipal valuation and a lack of speculative pricing pressure.
4. What is the typical home like in this area?
Based on the comparable listings, Inkster-Faraday features many character homes from the early 1900s. This 1939 build is actually newer than many in the vicinity, potentially meaning fewer concerns associated with very old construction.
5. Are the renovation details for the basement available?
The listing confirms the basement is renovated but does not specify the scope, quality, or permits. This is a key detail to request from the selling agent to understand the finish level and any potential limitations.