Property Overview
This 1922 home on Ashburn Street in Minto presents a distinct value proposition centered on its land. The 840 sqft living space is modest and below the city average, but it sits on a notably large 5,151 sqft lot—a standout feature that ranks in the top 1-3% within its immediate area. The assessed value is above average for the street but sits below average city-wide, suggesting a property where the intrinsic value may lie more in the land than the current structure. Its appeal is for the buyer who sees potential beyond the existing footprint, whether for expansion, gardening, or future redevelopment. It would suit a practical first-time buyer comfortable with a smaller home, a long-term investor attracted by the lot size, or a hands-on owner with renovation or addition plans.
Frequently Asked Questions
Is the house too small for a family?
The living space is compact at 840 sqft, which is below averages for the area and city. It may suit a small family, a couple, or a single buyer, but those needing more room should consider the feasibility and cost of a future addition, for which the large lot provides a clear advantage.
Why is the assessed value relatively low compared to the city average?
The assessed value is influenced by the home's smaller size and age. Assessments typically reflect the current state of the property, so the significant value of the large lot may not be fully realized in the assessment until it is developed or the house is substantially improved.
What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than 99% of lots on Ashburn Street and 97% of lots in the broader Minto area. This is the home's most exceptional characteristic, offering rare space and privacy for the neighbourhood.
Are there any known issues with a home built in 1922?
While the age is typical for the street, a home over 100 years old will likely require diligent maintenance and updates. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation to understand the true cost of ownership.
How reliable are the "comparable home" averages provided?
These averages offer helpful context for how this property stacks up against nearby and city-wide benchmarks. However, they are general guides. The unique combination of a very small house on a very large lot makes direct comparisons difficult, and a professional appraisal would provide the most accurate valuation.