Property Overview & Key Characteristics
This four-level split home in Tyndall Park offers strong fundamentals for a buyer seeking space and value. Built in 1989, it stands out on its street for being newer than 93% of its neighbours and provides generous living space of 1,766 sqft, which is larger than 96% of homes on Tallman Street. The property sits on a nearly 4,000 sqft lot and includes a detached garage and a basement (not renovated). Its assessed value of $39,800 places it in the top third for the area, suggesting a solid value proposition for the size.
The appeal lies in its above-average footprint for the immediate locale, offering room to grow or adapt without the premium of a brand-new build. It would suit practical buyers—perhaps young families or value-driven investors—who prioritize interior space and a larger lot over a move-in-ready, fully renovated home. A thoughtful perspective is that the unrenovated basement presents a clear, defined project, allowing new owners to add value according to their own budget and taste without undoing someone else’s renovations.
Frequently Asked Questions
1. What does "four-level split" mean for daily living?
This style typically means the living space is spread over multiple short flights of stairs, creating distinct zones. It can offer good separation between living and sleeping areas, but may be less suitable for those seeking single-level living.
2. How significant is the lot size?
At 3,999 sqft, the lot is above average for the street. This provides more private outdoor space than many neighbouring properties, a valuable asset for gardening, play, or future additions like a deck or shed.
3. The assessed value seems low. What does that indicate?
Municipal assessed value is for tax purposes and often lags behind market value. A lower assessment can mean relatively lower property taxes, which is a positive for ongoing ownership costs. The market price is determined by current buyer demand.
4. What should I consider about the unrenovated basement?
It offers potential but requires inspection. Budget for possible updates to flooring, walls, and lighting. It’s a blank canvas, but ensure fundamentals like moisture control, insulation, and wiring are sound before planning finishes.
5. How does this home compare to others in Tyndall Park?
The data shows it is notably larger and newer than most homes in the wider neighbourhood. This suggests you are getting more house for the area's typical price point, though condition and updates will be key factors in its final market value.