Property Overview & Appeal
This 1929 one-storey home on Campbell Street is a classic North River Heights character property with notable space and a strong sense of established community. Its key appeal lies in a desirable combination of a generous, well-sized lot (3,599 sq ft) that ranks in the top 5% on the street, and a renovated basement adding functional living space. While the main living area (808 sq ft) is compact, the property’s overall land value and location in a consistently sought-after neighbourhood are significant assets. The detached garage offers additional utility or storage.
This home would suit a first-time buyer or downsizer looking for a manageable, single-level footprint in a prime location, who values outdoor space and renovation potential over a large interior. It also appeals to an investor or handy buyer who sees the underlying value in the lot and the already-updated basement, with an eye toward future updates to the main floor. A less obvious perspective is its appeal to those seeking a "land bank" property in a top-tier neighbourhood—the lot itself represents a substantial portion of the value, offering long-term stability and options.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 808 sq ft, the main floor living area is smaller than many neighbouring properties, which often range from 900 to 1,200+ sq ft. This suggests a cozy, efficient layout, with the renovated basement providing crucial additional space.
2. What does the high land ranking actually mean?
The lot size ranks in the top 5% on Campbell Street. This means you're getting one of the larger parcels on the block, which is a key driver of value and offers more private outdoor space, garden potential, or future expansion options than is typical.
3. The home was built in 1929. What should I consider?
While the basement has been renovated, the main structure is nearly 100 years old. Prospective buyers should budget for and investigate the condition of major vintage components like the roof, plumbing, electrical systems, and the foundation, which may require maintenance or updating.
4. Why is the assessed value relatively low for the area?
At $33,100, the assessed value is below many nearby comparables. This typically reflects the smaller main living area and the age of the home. It can be an advantage for property taxes, but the market sale price will be determined by recent sales of similar homes, the lot value, and the renovated condition.
5. Is the detached garage a standard feature here?
In this established neighbourhood, a detached garage is common but not universal. It is a valuable asset, providing secure storage or workshop space. Buyers should verify its condition and size to ensure it meets their needs for vehicle storage or other uses.