Property Overview
10 Thorncliff Bay is a well-established family home in the sought-after Linden Woods neighbourhood. Built in 1984, its key appeal lies in its strong positioning within a mature, prestigious area. The home offers a practical 1,688 sqft of living space on a 6,216 sqft lot. Its assessed value of $579,000 places it in the top third of its immediate street, suggesting it is a solid, mid-range offering for the location.
The property’s standout characteristic is its context. While its size is modest compared to newer builds in Linden Woods, it sits on a desirable bay and represents a more accessible entry point into the neighbourhood. It last sold between $550k-$600k in 2022, indicating steady value. This home would suit buyers prioritizing location over sheer square footage—specifically, those seeking a established community with good schools and amenities, who are comfortable with a home from the 1980s that may require personal updates over time. It’s a practical choice for a family looking to put down roots in a proven area without the premium for a brand-new or fully renovated property.
Frequently Asked Questions
1. How does this home’s value compare to others in Linden Woods?
The home’s assessed value is below the neighbourhood average, placing it in the 71st percentile. This means it’s a more affordable option within Linden Woods, likely due to its older construction and average living area compared to larger, newer homes in the area.
2. Is the lot size typical for the area?
The lot is just over 6,200 sqft, which is slightly below average for Thorncliff Bay itself but is above average when compared to the entire city. In Linden Woods, it’s around the 60th percentile, so it’s a fairly standard, family-sized lot for this community.
3. What does the sale history indicate about the property’s market performance?
The home sold for between $400k-$450k in 2016 and then for $550k-$600k in 2022. This shows significant appreciation over that six-year period, consistent with strong market growth in desirable neighbourhoods.
4. The home was built in 1984. What should I consider?
As a home from the mid-80s, major systems like the roof, windows, furnace, and plumbing may be nearing or past their typical lifespan. A thorough inspection is advised to budget for any necessary updates or replacements, which is common for homes of this vintage.
5. Who would this property not be suitable for?
Buyers seeking a modern, move-in-ready home with an open-concept layout or extensive high-end finishes may find this property requires too much work. It’s also not ideal for those who prioritize a very large lot or maximum square footage within the Linden Woods area, as it ranks in the lower half for those metrics on its street.