Property Overview & Key Characteristics
10 Larter Crescent is a well-maintained, one-storey home in The Maples, built in 1975. Its key appeal lies in its combination of a spacious, renovated basement and a land size that is notably larger than most on its street, ranking in the top 10%. With 1,348 sqft of living space, the home is roomier than 85% of properties in the immediate neighbourhood. Recent sales history shows steady value appreciation, and its current assessed value sits comfortably above average for the area.
This property is particularly suited to first-time buyers or downsizers looking for a manageable single-level layout without sacrificing space, thanks to the finished basement. It also appeals to value-conscious buyers who prioritize a larger lot with potential for outdoor enjoyment or future projects, a feature that is becoming less common in this price range. The data suggests it's a stable, established home in a neighbourhood of similar properties, offering a practical and grounded living option.
Frequently Asked Questions
1. How does the property's age affect maintenance?
Built in 1975, major systems like the roof, windows, or furnace may be at or beyond their typical lifespan. A thorough inspection is crucial, but the renovated basement indicates proactive updates have been made.
2. The lot is larger than most on the street. What does this mean for me?
The 5,433 sqft lot (top 10% for the street) offers more private outdoor space than neighbouring properties. This is a significant advantage for gardening, entertaining, or adding features like a shed or deck, and contributes to long-term value.
3. What is the significance of the recent sale history?
The home sold in October 2022 for $37.5k and previously in May 2019 for $31.5k. This shows a clear pattern of value growth over a short period, which can provide confidence in the property's market stability.
4. How does this home compare to others in The Maples?
With its above-average living area and lot size for the neighbourhood, this home offers more space than many comparable listings. The provided comparisons show similar homes in the area are often smaller in both living area and lot size.
5. Are the property taxes in line with the area?
The assessed value of $38.2k is higher than 80% of homes in the immediate neighbourhood, suggesting property taxes will likely be above the neighbourhood average. It's advisable to confirm the exact tax amount.