Property Overview
This home at 196 Brock Street in North River Heights is a character property built in 1926, offering a practical footprint on a standard city lot. Its appeal lies in its position as a relatively affordable entry point into a well-established neighbourhood. With a living area of 1,480 sq ft and an assessed value of $407k, it sits below the average value for its own street but aligns more closely with broader city averages. This suggests you may get more house for your money here compared to immediate neighbours, albeit in an older home that likely requires a thoughtful approach to maintenance and updates. The lot size of 4,318 sq ft is manageable and typical for the area.
It would suit a buyer who values neighbourhood character over a modern build, and who is prepared for the realities of a century-old home. This could be a practical choice for a first-time buyer looking to build equity in a desirable area, or for someone seeking a straightforward property without the premium price tag of a fully renovated or newer home on the same block.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $407k is for municipal tax purposes. The home last sold between $400k-$450k in 2021. Market conditions, the home's current condition, and buyer demand will determine the final sale price.
2. What are the implications of the home being 100 years old?
This typically means character features but also potential for older mechanical systems (like plumbing, wiring, or heating), less efficient windows, and a need for careful inspection. Budgeting for ongoing maintenance and potential updates is essential.
3. How does this property truly compare to others nearby?
The data shows a key dynamic: this home's value is below average for Brock Street itself. This means you might be in a similar location as higher-valued homes but at a lower price point, though possibly with less square footage or newer updates than those neighbours.
4. What is the neighbourhood analysis page mentioned in the details?
This is a tool that maps the immediate area, allowing you to visually compare this property with neighbours on metrics like year built, lot size, and assessed value. It’s useful for understanding the specific context of this house on its block.
5. How can I get the exact historical sold prices?
The site does not display exact MLS sold prices due to industry rules. You must request this information directly from them via email, and they will provide the verified figures manually.