Property Overview & Appeal
This 988 sqft bungalow at 26 Summerfield Way in River East presents a solid, no-surprises offering in a well-established neighbourhood. Built in 1972, its key characteristic is balance: it sits on a slightly larger-than-average lot for its street (5,298 sqft) and holds an assessed value ($351k) that is notably above the street average, suggesting it is well-maintained or has seen updates relative to its immediate peers. While the living space is modest compared to broader area averages, this is typical for the specific street, where homes are of a similar size and vintage.
The appeal lies in its position as a stable, predictable property on a street of comparable homes, ideal for those seeking an entry point into a mature community without the premium for a larger lot or newer build. It would suit first-time buyers, downsizers, or pragmatic investors looking for a lower-maintenance property with a value that is strong within its immediate context. A thoughtful perspective is that its above-street-average assessment could signal less immediate upgrade pressure compared to neighbours, potentially offering move-in readiness. However, its smaller footprint requires efficient use of space.
Frequently Asked Questions
1. How does the value compare to recent sales?
The home last sold between $200k-$250k in late 2016. Its current assessed value of $351k is above the street average, reflecting market changes and likely property improvements. Exact sale prices require a manual lookup due to data display rules.
2. Is the living area small for the neighbourhood?
Yes, at 988 sqft, it is below the River East neighbourhood average. However, it is very typical for Summerfield Way itself, ranking in the middle of the pack among 91 similar homes on the street.
3. What does the lot size offer?
At 5,298 sqft, the lot is larger than the street average, providing good outdoor space for a home of this size. This is a key feature, as lot sizes in the wider area are generally larger, making this a more manageable size for maintenance while still offering room for gardening or recreation.
4. Who are the typical neighbours?
The street consists predominantly of homes built in the early 1970s, with similar living areas and values. This creates a consistent streetscape and suggests a community of long-term residents, which can contribute to neighbourhood stability.
5. Are there any obvious red flags from the data?
The data itself shows no major outliers. The year built and living area are perfectly aligned with the street, and the value is healthy in that context. Any concerns would be physical in nature (roof, systems due to age) and require a professional inspection, as is prudent for any home from this era.