Property Overview & Key Characteristics
This home at 269 Margaret Avenue stands out for its modern foundation and generous proportions within its established Margaret Park neighbourhood. Built in 2014, it is notably newer than most homes in the area, offering a move-in-ready advantage without the typical concerns of an older property. Its nearly 1,500 sqft of living space is well above average for both the street and the wider community, providing ample room for comfortable living.
The appeal lies in this combination of a contemporary home within a mature setting. It suits buyers looking for the space and layout of a newer build without moving to a distant suburb, preferring the character and established greenery of an older neighbourhood. The property’s assessed value ranks highly locally, suggesting it is considered a premium asset on its street. A thoughtful perspective is that while the lot size is typical for the area, the modern build and larger interior space effectively offer a "right-sized" property—maximizing usable living area on a standard lot, which appeals to those prioritizing home comfort over extensive yard maintenance.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it ranks in the top few percent on Margaret Avenue for living space, assessed value, and year built. This means it is consistently one of the largest, newest, and most highly assessed properties on the street itself.
2. What does the "Elite" ranking for Assessed Value mean?
It indicates the municipal property assessment is in the top 1-5% compared to similar homes in the broader Margaret Park area. This often reflects a combination of the home's newer construction, size, and condition relative to its peers.
3. The home sold between $350k-$400k in 2022. What is it worth now?
The provided sold price is a historical range from 2022. Current market value would depend on present market conditions, any updates made since the last sale, and a professional appraisal. The high assessed value suggests a strong underlying value basis.
4. Is the lot size a disadvantage?
The land area is average for Margaret Park. For buyers seeking a large yard for extensive gardening or expansion, it may be standard. For those who prefer less outdoor upkeep but still want some private space, it is typical and proportionate to the neighbourhood.
5. How can I find out the exact past sold price?
The listing service notes that exact sold prices are provided manually upon request via email, as they are not always published in public records. They state they will provide the accurate figure without using your email for unsolicited marketing.