Property Overview
This 756 sqft home at 72 St. Anne's Road in Varennes presents a specific and compelling value proposition. Built in 1945, its key characteristic is its efficiency: the living space is notably compact compared to broader averages, yet it sits on a standard city lot of just over 4,450 sqft. The assessed value of $248k is significantly below the street average, reflecting its smaller size and older construction.
Its appeal lies in its affordability and lot potential. It suits first-time buyers seeking an entry into the market, downsizers looking to rightsize without a large yard to maintain, or investors seeking a rental property with a lower entry point. A thoughtful perspective is that while the home itself is modest, the lot offers the same development potential as many neighbors. For the right buyer, this represents an opportunity to secure land in the area, with the existing structure providing immediate utility while future possibilities remain open.
Frequently Asked Questions
1. Is this a small house?
Yes. At 756 sqft, the living area is below average for the street, neighborhood, and city. It is a compact, efficient layout typical of its era.
2. Why is the assessed value so much lower than the street average?
The primary reasons are the home's smaller square footage and older age compared to many on the street. The average assessed value on St. Anne's Road is $449.6k, but that average includes larger, newer homes.
3. What does the lot size mean for future potential?
The 4,452 sqft lot is a standard city size. While not oversized, it is consistent with the neighborhood and provides the usual scope for additions, landscaping, or outdoor living space, which is a key asset.
4. How does it rank for its age?
Built in 1945, it is older than most homes on its street (avg. 1968) but around the neighborhood average. This suggests a mix of older and newer homes in the area, with this property being part of the community's original housing stock.
5. Are the utility costs likely to be lower?
Potentially. A smaller home generally costs less to heat and cool. However, as a 1945 build, the efficiency of windows, insulation, and mechanical systems will be the determining factor and should be verified during an inspection.