Property Overview & Appeal
This home at 100 Atwood Street in Mission Gardens presents a practical opportunity with a specific value proposition. Built in 1984, its key characteristic is a well-sized lot of just over 5,400 sq ft, which is notably larger than many of its immediate neighbours. The living space of 1,094 sq ft is modest, particularly for the street, but positions the home as a manageable footprint. Its assessed value is below the average for Atwood Street, suggesting a potentially accessible entry point into the neighbourhood.
The appeal lies in this balance of a generous yard against a home requiring lower ongoing property taxes based on its assessment. It suits a first-time buyer or downsizer looking for a solid lot with room for gardens, play, or future expansion, without the burden of a large interior to maintain. A thoughtful perspective is that while the home itself is older and smaller than many on the block, it offers proportionally more outdoor space—a premium that becomes apparent when compared to newer, denser developments. It’s a property for someone who values land and location over a turn-key or spacious interior.
Frequently Asked Questions
1. Is the sold price from 2021 a reliable indicator of current value?
While the 2021 sale price (estimated between $300k-$350k) provides a historical benchmark, market conditions have likely shifted. It's best used as a reference point alongside a current professional appraisal and recent comparable sales.
2. The assessed value seems low. Does that mean the property taxes are very low?
A lower assessed value generally leads to a lower municipal tax bill, which is a financial advantage. It's important to note that assessment is for taxation purposes and doesn't necessarily reflect the current market value a buyer would pay.
3. The home is smaller and older than many on the street. What are the implications?
This typically means lower utility and maintenance costs for the structure itself. However, a home from the 1980s may require updates to key systems like roofing, windows, or HVAC. The smaller interior size emphasizes the value here is in the land.
4. How does the large lot size benefit me?
Beyond personal outdoor space, a larger lot can offer better privacy, more natural light, and greater potential for additions, decks, or landscaping projects. It's an asset that newer homes in the area often sacrifice.
5. You mention the exact sold price is available by email. Why isn't it public?
In some provinces, sold price data is not part of the public record. The service to provide it manually is offered as a courtesy, ensuring accuracy over third-party estimates, without requiring a commitment from the inquirer.