Property Overview
This well-situated Linden Woods home presents a practical opportunity in a sought-after neighbourhood. Built in 2002, it's a single-storey home with a renovated basement and an attached garage on a spacious lot. Its appeal lies in its balance of established community, manageable size, and recent updates. The data suggests it's a home that offers more in land value and location than in sheer square footage, making it a potential value proposition in its area. It would likely suit first-time buyers entering the Linden Woods market, downsizers seeking single-level living without leaving the neighbourhood, or investors attracted by the consistent demand in the area.
Key Details & Suitability
- Key Characteristics: A 1,249 sqft one-storey home built in 2002, featuring a renovated basement and an attached garage. The property stands out for its large 4,866 sqft lot, which ranks in the top tier for size on its street.
- Primary Appeal: The appeal is anchored in its location within the desirable Linden Woods community, combined with the flexibility of a renovated basement and the low-maintenance benefits of a bungalow layout. The lot size is a significant asset, offering outdoor space that is larger than many in the immediate vicinity.
- Ideal Buyer Profile: This property is well-suited for buyers prioritizing location over expansive living area. It fits downsizers looking to stay in the area with single-level convenience, first-time buyers able to access a premium neighbourhood, or those who value a large yard and see potential in the already-updated basement space.
Frequently Asked Questions
1. How does the value of this home compare to others in Linden Woods?
The home's assessed value is modest for Linden Woods, ranking in the bottom third of the neighbourhood. This indicates it is a more entry-level option for the area, with value driven more by its lot and location than by the size or assessed value of the home itself.
2. Is the living space smaller than average for the area?
Yes. With 1,249 sqft of living area, it ranks in the lower 20% for size within Linden Woods. The home offers efficient, single-level living rather than abundant square footage, which is reflected in its pricing.
3. What does the sale history tell us?
The home sold most recently in May 2022 for $55,200. Prior to that, it sold in December 2017 for $420,000. This recent history shows stable value in the current market cycle.
4. The lot is large, but is the home older compared to neighbours?
The home, built in 2002, is actually newer than most on its street, ranking in the top 15% for year built. So, you benefit from a newer construction on a larger-than-average parcel for the lane.
5. What are the less obvious considerations?
While the basement is renovated, the main living area is compact. Buyers should consider if the layout meets their needs for daily living, as the generous lot size and basement may offset the main floor square footage. Its value proposition is unique: you're trading some interior space for land and location within a premium community.