Property Overview: 126 Laurentia Bay
Key Characteristics & Appeal
This 1966 one-storey home in Kildare-Redonda presents a compelling, grounded opportunity. With 955 sqft of living space and a renovated basement, it offers functional living in a well-established neighbourhood. A notable feature is the private pool, a rare amenity for homes in this area and era. The property sits on a standard 5,098 sqft lot and does not include a garage.
The primary appeal lies in its exceptional financial standing within its immediate context. While its size is modest compared to city-wide averages, its assessed value of $38,200 ranks in the top 2-3% for both its street and neighbourhood, indicating it is a highly valued property among its direct peers. This suggests a home that has been well-maintained or updated in a desirable micro-location. Recent sale history shows significant value appreciation over the past several years.
This home would suit a practical buyer—perhaps a small household, a first-time buyer, or an investor—who values a turnkey property with a unique recreational feature (the pool) in a mature area. It’s for someone who prioritizes solid value retention and community stability over sheer square footage or modern garage space.
Frequently Asked Questions
1. Is the pool a benefit or a liability?
While a private pool is a rare and attractive luxury for a home of this type, potential buyers should factor in the ongoing maintenance costs, insurance implications, and seasonal utility use to determine its personal value.
2. The assessed value seems high for the home's size. Why?
The assessment ranks elite for the street and neighbourhood, likely reflecting desirable updates (like the renovated basement), the pool amenity, and a premium location within Kildare-Redonda. It signals strong intrinsic value among comparable local properties.
3. What are the implications of not having a garage?
Buyers should plan for street parking or the potential cost of adding a shed or carport for storage and vehicle protection. This is common for many homes of this vintage and can be a reasonable trade-off for the lot space and character.
4. How has the property's value changed over time?
Public data indicates a significant increase in sale price between 2016 and 2022, comfortably outpacing average gains for the area during that period. This points to strong market momentum for this specific property.
5. What is the neighbourhood character like?
With homes primarily from the mid-1960s and consistent, above-average property assessments on the street, Laurentia Bay appears to be a stable, established part of Kildare-Redonda with a high degree of owner pride and investment.