Property Overview & Key Characteristics
This 1968 two-storey home in Rossmere-A sits on a larger-than-average lot (3,359 sqft) for the street, offering good outdoor space. Its key feature is a renovated basement, adding valuable finished living area to the 1,196 sqft main footprint. While the home itself is of a typical size for the area, its assessed value ranks highly compared to neighbours, suggesting it may have updates or conditions not fully captured in the basic metrics. There is no garage or pool.
The appeal lies in its established neighbourhood setting, the potential of a move-in-ready basement, and the lot size which provides room for gardening, play, or expansion. It suits first-time buyers looking for a solid starter home with some immediate updates, or practical downsizers who value main-floor living but want the extra flexible space a finished basement provides. A less obvious angle is for the value-conscious buyer who recognizes that a higher assessment among peers can sometimes indicate a property that’s already been significantly improved, potentially reducing immediate upgrade costs.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics require a viewing, this typically means the basement is finished as livable space, possibly including recreation areas, additional bedrooms, or a bathroom. It’s a key value-add for this home.
2. How does the assessed value compare, and what does it mean?
At $23.10k, the assessment is in the top 5% on its street and top 7% in the neighbourhood. This generally indicates the city views it as having a higher market value than most nearby properties, often due to renovations, lot size, or overall condition.
3. Is the lack of a garage a significant drawback?
It depends on buyer needs. The large lot does offer potential for adding a garage or shed in the future. For some, the trade-off for a bigger yard and a renovated interior is acceptable.
4. The home was built in 1968. What should I be aware of?
While the renovated basement is a plus, it’s wise to have standard systems for a home of this era inspected, such as the roof, plumbing, electrical, and foundation, to understand any future maintenance timelines.
5. How does the living space compare to nearby homes?
At 1,196 sqft, the main living area is comfortably mid-range for Rossmere-A. The renovated basement effectively increases the total usable square footage, making the home feel more spacious than the main floor figure alone suggests.