Property Overview & Key Characteristics
This two-storey home in Royalwood sits on a large, 6,140 sqft lot, placing it among the larger properties on its street. Built in 1994, it offers 1,915 sqft of living space and features an attached garage and a renovated basement. Its appeal lies in a combination of established neighbourhood charm, above-average lot size, and the value-add of a finished lower level. The home’s assessed value is modest relative to the area, suggesting potential value for buyers.
The property would suit buyers looking for a family home in a mature, sought-after neighbourhood like Royalwood, who prioritize outdoor space and are perhaps willing to update the interior of a solidly built 1990s home over time. It may also appeal to value-conscious purchasers comparing newer, smaller lots, as this home offers more land at a potentially accessible price point.
Frequently Asked Questions
1. How does the lot size compare to newer homes in the area?
At over 6,000 sqft, this lot is significantly larger than many found in newer subdivisions, offering more privacy and room for gardens, play areas, or future additions.
2. The home was last sold in 2019. What does that recent sale history indicate?
It sold for $410,000 in late 2019, which was among the top prices on the street at that time. This suggests the property has been a desirable, premium offering in its immediate area.
3. What is the significance of the "renovated basement"?
While specific details aren't provided, a renovated basement adds immediate functional living space, such as a family room, home office, or guest area, without the need for a major project.
4. How does the assessed value relate to the likely listing price?
The assessed value for municipal tax purposes ($53,700) is not a market valuation. Market price is determined by recent sales of comparable homes, location, and condition. Refer to the provided "Worth viewing" comparisons for better indicators.
5. The home ranks in the top 40% for lot size in Royalwood but lower for living area. What does this mean?
This highlights a key trade-off: you are acquiring a larger-than-average property in the neighbourhood, but the house itself is not among the largest. It's a profile that prioritizes land over sheer interior square footage.