Property Overview: 362 Dowling Avenue E
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Kildare-Redonda presents a solid, no-fuss opportunity. Built in 1972, it offers 1,024 sqft of living space on a generous 5,092 sqft lot, with a renovated basement adding functional space. The home lacks a garage or pool, keeping maintenance straightforward.
Its primary appeal lies in its strong positional value within its immediate neighborhood. The data shows it consistently ranks above average for Dowling Avenue and the broader Kildare-Redonda area in key metrics like living area, assessed value, and year built. This suggests a property that stands out positively among its direct peers. The significant price appreciation between its 2019 and 2022 sales further indicates a track record of growing value in its local context.
This property would suit a pragmatic buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes substance over flash. It’s for someone who sees value in a home that performs well in its own market segment, offers a manageable yard and living space, and has already seen thoughtful updates like the basement renovation. It’s a home that represents stability and sensible investment in a established community, rather than luxury features.
Section 2: Frequently Asked Questions
1. What does "above average for the street" actually mean for this home?
The rankings indicate that compared to other homes on Dowling Avenue E, this property is newer, has more living space, and a higher assessed value than most. You're getting a home that is a top-tier offering on its specific block.
2. The assessed value seems low. Is this accurate?
Yes, the assessed value is for municipal tax purposes and is typically much lower than market value. The sold price history (e.g., $34.5k-$37.5k in 2022) reflects the actual market value at those times, which is the more relevant figure for buyers.
3. What are the implications of not having a garage?
This means lower maintenance costs and taxes, but requires planning for vehicle parking and storage. The large lot does offer potential for adding a garage or shed in the future, subject to local bylaws.
4. How updated is the home beyond the basement?
The listing specifically confirms the basement is renovated. The condition of major systems (roof, wiring, plumbing) and the main-floor living areas would need to be verified through a viewing and inspection, as the age suggests some components may be original or due for updates.
5. Why is the city-wide ranking for living area "below average"?
This highlights the neighborhood's character. City-wide averages are pulled higher by newer suburbs with larger modern homes. This property offers comfortable space for the area it's in, which is generally comprised of more modestly sized, older homes. It’s a reminder that local context is more important than city-wide comparisons for a home like this.