Property Overview & Key Characteristics
This two-storey home at 209 Le Maire Street in Parc La Salle presents a practical opportunity in a well-established neighbourhood. Built in 1974, its key appeal lies in its efficient 832 sqft living space, which ranks within the top 15% for size on its street. The home sits on a notably generous 1,855 sqft lot, placing it in the top 15% locally for land area—a significant asset for outdoor space or future expansion. A renovated basement adds modern, functional living space. While the home lacks a garage, its assessed value is strong for the area, ranking in the top 10% on its street.
Its appeal is grounded in value and potential. It suits first-time buyers seeking an entry point into a stable neighbourhood, or practical investors looking for a property with a solid foundation and desirable lot size. The recent basement renovation offers move-in readiness, while the large lot provides a less obvious long-term advantage: room to grow or enhance outdoor living in a mature community. It’s a home for those who prioritize land and location over sheer square footage, in a setting where comparable properties are closely situated, suggesting a consistent streetscape.
Frequently Asked Questions
1. What does the sold price from 2021 indicate?
The home sold for $200,000 in October 2021. This historical data is a useful benchmark for market trends, but the current value will be influenced by subsequent market conditions, the renovated basement, and recent area sales.
2. How significant is the lot size?
At 1,855 sqft, the lot is larger than 85% of others on the street. This is a standout feature, offering more private outdoor space than most neighbours and potential for gardening, play, or a future shed or deck.
3. The assessed value seems low. Why?
The $21,900 assessed value is for municipal tax purposes only and is not an indicator of market value. It ranks highly within the immediate area (top 10% on the street), which actually suggests the property is considered valuable relative to its neighbours for assessment purposes.
4. What should I know about the neighbourhood ranking?
The property ranks in the top 10% within Parc La Salle for both lot size and living area, indicating it is a above-average offering in its own community. This can be a marker of good relative value and desirability within the local context.
5. How does the living space compare to nearby homes?
At 832 sqft, the living area is efficient. The provided comparisons show nearby homes with more square footage, but often at a higher assessed value. This home positions itself as a more compact, potentially more affordable option, with the trade-off being less interior space but a notably large lot.