Property Overview & Key Characteristics
This home at 264 Armstrong Avenue presents a compelling mix of modern convenience and established neighbourhood character. Built in 2002, it is a notably newer construction compared to most homes on its street and in the wider Margaret Park area, offering the appeal of more contemporary building standards and likely lower immediate maintenance. With 1,139 sqft of living space, it provides comfortable, average-sized accommodation for the area.
Its primary appeal lies in its strong assessed value ranking, which places it in the top tier for both the immediate street and the neighbourhood. This suggests it is perceived as a higher-quality asset within its local market. The lot is modest in size compared to area averages, which typically translates to less yard upkeep. This property would suit buyers looking for a move-in-ready home in a mature neighbourhood without the concerns common to older houses. It's ideal for small families, professionals, or downsizers who prioritize a modern build within a well-established community, and who value a property with a strong assessed value standing.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates that, according to municipal assessment, this property is valued in the top 8% on its street and top 4% in Margaret Park compared to similar homes. This often reflects factors like the newer construction year, condition, and improvements, suggesting it is a premium property within its immediate locale.
2. The lot size is noted as "below average." Is that a major drawback?
This depends on your lifestyle. A smaller lot (4,211 sqft) means less exterior maintenance, which many buyers appreciate. It still provides space for a private yard, but may not suit those dreaming of extensive gardens or large outdoor structures. The trade-off is a newer, potentially more efficient house on a manageable property.
3. How can I find out the exact past sale price?
The listed sale price range is based on public data. The page states you can request the exact historical sold price by emailing the provided service. They commit to a manual reply by the end of the same day and note they do not use requests for unsolicited marketing.
4. The home is newer, but how does the neighbourhood feel?
Margaret Park is an established area with homes primarily built decades earlier (averaging around the early 1960s). This means you get a modern house within a settled community with mature trees and a sense of permanence, rather than in a brand-new subdivision.
5. Are there similar homes nearby for comparison?
The listing provides direct comparisons. You can see nearby properties on Armstrong Avenue and view a specific "neighbourhood analysis page" to map and compare details like year built and lot size with surrounding houses, giving clear context for this home's position in the area.