Property Overview & Key Characteristics
This home at 8 Mcmurray Bay presents a solid, mid-century property built in 1973. Its key appeal lies in its established neighbourhood setting and its position as a well-proportioned, average-sized home within its context. With 1,280 square feet of living space, it sits close to the average for both its immediate street and the wider city, suggesting a practical layout for everyday living. The assessed value is notably strong compared to direct neighbours, ranking 2nd highest out of 7 on the street, which may indicate above-average condition or desirability within this specific row.
The lot size of 6,054 sqft is smaller than others on Mcmurray Bay but is actually above the city-wide average, offering a manageable yard with less maintenance. A thoughtful perspective is that this combination—a home with street-leading value on a modestly sized lot—could appeal to those seeking a established community feel without the burden of extensive grounds. It would suit a first-time buyer, downsizer, or pragmatic investor looking for a character home in a mature area, particularly one who values being among the newer homes on the block (built in 1973, ranking 1st of 7 on the street for year built).
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home last sold between CA$300k–350k in 2016. Its current assessed value of $42.70k is a municipal assessment for tax purposes and is not a market valuation. For precise historical sold prices, you can request the exact figures via email from the listing service.
2. Is the lot size a disadvantage?
While the lot is below average for Mcmurray Bay, it is above the average lot size for the entire city. This means you get a smaller yard than some direct neighbours, but still a decent outdoor space that typically requires less upkeep.
3. What does the "above average" assessed value ranking on the street mean?
Ranking 2nd highest out of 7 homes on Mcmurray Bay for assessed value suggests that, for property tax purposes, this home is considered more valuable than most on its block. This can sometimes reflect updates, condition, or specific features that the municipality recognizes.
4. The home was built in 1973. What should I consider?
As a home from the 1970s, prospective buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems. A thorough home inspection is essential. On the positive side, it is the newest home on this particular stretch of street.
5. How can I get more context about the neighbourhood?
You can open the dedicated neighbourhood analysis page linked in the details to see this property on a map alongside nearby houses, comparing metrics like year built, living area, and lot size visually.