Property Overview & Key Characteristics
This well-situated Kirkfield home, built in 1960, offers a classic single-storey layout on a generous 6,349 sqft lot. Its primary appeal lies in the combination of a renovated basement, a living area that is competitively sized for the neighbourhood, and a lot size that ranks above average for its street. The property last sold in late 2020, providing a recent market benchmark.
The home suits first-time buyers or downsizers looking for a manageable, single-level footprint with immediate renovation work already addressed in the basement. Its above-average lot size also presents a long-term appeal for those who value outdoor space and potential in a mature neighbourhood. A thoughtful perspective is that while the home’s assessed value is modest, its recent sale price suggests it is in a value band that attracts practical buyers more interested in livability and location than in premium finishes or brand-new construction.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 6,349 sqft, the lot is larger than over half of the properties on the same street and in the wider neighbourhood, offering more private outdoor space than many comparable homes.
2. What does "renovated basement" typically mean for a home of this age?
While specifics aren't listed, in a 1960s home this usually indicates foundational updates like moisture control, insulation, electrical, and finished living space, adding functional square footage.
3. The assessed value seems low compared to the 2020 sale price. Why is that?
Municipal assessed value for tax purposes is not a direct reflection of market value. It is often lower and based on mass appraisal techniques. The 2020 sale price is a more accurate indicator of its recent market worth.
4. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout without further updates, or those requiring an attached garage, as the property does not have one.
5. How does the age of the home factor in?
Built in 1960, the home is older than most on its street but is typical for the wider area. This suggests potential for original components to need updating, but also reflects the character and established nature of the neighbourhood.