Property Summary: 706 Beaverbrook Street
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in J.B. Mitchell offers solid value and a practical footprint. Its key appeal lies in a combination of a desirable lot and a notably low property tax base. With 1,166 sqft of living space and a renovated basement, the home provides functional space for a small family or downsizers. The 5,097 sqft lot is generously sized for the neighbourhood, offering above-average outdoor space relative to nearby homes.
The property’s standout characteristic is its assessed value of $46,800, which ranks in the top 10% for both the street and the neighbourhood. This suggests a significantly lower municipal tax burden compared to many area homes, a compelling long-term financial advantage. Built in 1956, it is also a newer construction compared to many peers on the street. The home would suit first-time buyers seeking an entry point with a favourable tax assessment, practical homeowners who value usable yard space, or investors attracted by the efficient cost structure. Its recent sale in mid-2022 provides a clear, contemporary price benchmark.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish quality, ceiling height, legal compliance, and moisture control are not provided. A professional inspection is recommended to detail the scope and condition of this work.
2. How can the assessed value be so much lower than the likely market value?
Municipal assessments for tax purposes often lag behind market trends and are based on mass appraisal models. A low assessment is a tax advantage for the owner, but it is not a direct indicator of the home's current market sale price, which is influenced by recent comparable sales.
3. With no garage, what are the parking options?
The property has no garage. Buyers should verify the driveway capacity and on-street parking regulations with the city to understand daily parking logistics.
4. The home sold recently in 2022. What does that mean for me?
The recent sale provides a transparent, modern price point, reducing guesswork about its market history. It also indicates the current condition and systems are likely only a few years into their lifecycle since the last purchase.
5. The rankings show "above average" for many metrics. How meaningful is this?
These rankings are useful for comparing the home to its immediate peers on Beaverbrook Street and in J.B. Mitchell. They highlight genuine strengths, like lot size and tax assessment, relative to the local context, which is often more relevant than city-wide averages.