Property Overview & Key Characteristics
This 2011 two-storey home in Royalwood is a standout property defined by its generous proportions and established desirability. Its primary appeal lies in offering substantial space on a large lot, combined with the value of a recently renovated basement. At over 3,500 sq ft of living area on a nearly 8,000 sq ft lot, it ranks in the top tier for size both locally and city-wide. The home suits buyers looking for a move-in ready, spacious family home in a mature neighbourhood without the premium of a brand-new build. It’s particularly well-matched for those who value ample indoor and outdoor space for growing or multi-generational families, and for owners who appreciate a home that already holds a strong positional value relative to its peers, as evidenced by its top-tier assessed value ranking.
Frequently Asked Questions
1. How does the age of the home (built 2011) factor into its value?
At 15 years old, this home is past the initial wear-and-tear phase of a new build but is still considered modern in layout and systems. It likely offers a balance of established neighbourhood maturity while avoiding the major renovation timelines common with much older properties.
2. The assessed value is notably high for the area. What does this indicate?
The assessment ranks in the top 1-4% of the neighbourhood, which typically reflects the property's above-average square footage, lot size, and recent improvements like the basement renovation. It suggests the municipal valuation recognizes it as a premium home within Royalwood.
3. What is the significance of the "renovated" basement?
A finished basement in a home of this size significantly expands usable living space, potentially for recreation, guests, or a home office. It’s a key functional upgrade that adds immediate utility without the need for a future project.
4. Who might this home not be ideal for?
Given its size and likely corresponding utility costs and maintenance, it may not suit first-time buyers, those seeking a low-maintenance lifestyle, or purchasers with a budget strictly at the neighbourhood's average price point.
5. The lot is large, but is there a pool or specific outdoor features?
The listing specifies no pool. The appeal of the large lot lies in the potential for private outdoor living, gardening, play space, or future landscaping projects, rather than in existing built recreational features.