Property Overview: 582 Whytewold Road, Jameswood
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1957, presents a practical opportunity in the Jameswood neighbourhood. With 988 square feet of living space and a renovated basement, it offers a compact, manageable layout. Its standout characteristic is its age relative to the immediate area: it is notably newer than most homes on Whytewold Road and in Jameswood, which can suggest updated infrastructure or fewer concerns associated with very old construction.
The appeal lies in its positioning as an average-sized home for the local area at a likely accessible price point, as indicated by its assessed value. The lot is modest at just under 5,000 square feet, which means lower maintenance outdoors but less private space. This property would suit first-time buyers seeking an entry into the market, downsizers looking for a home without excessive space to maintain, or practical investors interested in a character home that’s newer than its neighbours. It’s a home for those who value location and function over grandeur, offering a chance to live in a settled neighbourhood without the footprint or upkeep of a larger property.
Frequently Asked Questions
1. Is this a small house?
For the Jameswood area, its living space is around the neighbourhood average. However, its lot size is below average for the street, meaning the yard space is more limited than many surrounding properties.
2. How does the year built affect this home?
Built in 1957, this home is significantly newer than most in its immediate vicinity. This is a relative advantage, as comparable homes on the same street average an age of 1949, potentially meaning this property has had fewer decades of wear or may feature updates from a later era.
3. What does the assessed value tell me?
The assessed value is around the average for both Whytewold Road and the wider Jameswood area, but below the city-wide average. This typically indicates a price point that is competitive and reflective of the local market, rather than the city's more expensive neighbourhoods.
4. What is the potential here for expansion or renovation?
The modest lot size is a key factor. While the home itself has renovation potential, significant outward expansion or additions may be constrained by the smaller property boundaries. The renovated basement is a positive starting point.
5. How stable is the value in this area?
The home last sold in late 2016. Its assessed value remains consistent with local averages, suggesting a stable, non-volatile market segment. It represents a established neighbourhood rather than a rapidly appreciating or declining area.