Property Overview & Key Characteristics
This home at 211 Kisil Bay presents a distinct profile. Built in 1970, it is notably one of the newest homes on its street, ranking in the top 3% locally for its year of construction. The living space of 1,056 sq ft is efficiently sized, offering more room than many homes in the immediate Munroe East area. However, its assessed value is significantly below average for the neighbourhood and city, and it sits on a modest, below-average lot of just over 3,000 sq ft.
Its appeal lies in this contrast: it offers a relatively modern build (for its context) and comfortable interior space, yet comes with a property tax assessment that is considerably lower than surrounding homes. This could indicate an opportunity for value-conscious buyers, or it may reflect the smaller lot or other factors not captured in the data. The home would suit a first-time buyer or an investor looking for a foothold in the area with a manageable tax burden, or someone who prioritizes interior space over a large yard. A thoughtful buyer might see potential in the below-average assessment, but would need to investigate the reasons behind it to understand if it represents a true value or requires specific considerations.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
A lower assessment often results in lower property taxes, which is a financial positive. However, it’s important to understand why. It may be due to the smaller lot size, the specific condition or features of the home, or how properties on this particular street are valued. Further investigation is recommended.
2. Is the living space adequate for a family?
At 1,056 sq ft, the living area is above average for the Munroe East area. This suggests a efficient, practical layout that could work well for a small family, a couple, or an individual who doesn’t want excessive space to maintain.
3. What does it mean that the home is "newer" on a street built around 1970?
While the entire street is from a similar era, this home ranks as one of the newest. This could imply it has had fewer owners, potentially more consistent upkeep, or less wear than some direct neighbours, which can be a subtle advantage in an established neighbourhood.
4. How does the smaller lot size impact the property?
The lot is below average for the area. This means less outdoor maintenance, which some buyers may prefer. However, it also means limited space for expansions, large gardens, or extensive outdoor recreation. The trade-off between yard size and interior space is a key consideration here.
5. How can I find out the exact historical sale prices?
The provided sale price data is a broad range from public records. To get the precise sale price history, you can use the email request feature on the listing page. The service provides the exact figures manually and does not use submitted emails for marketing spam.