Property Overview & Key Characteristics
This 2003-built two-storey home in Varsity View offers a well-proportioned and established family layout. Its key appeal lies in its generous 2,262 sqft of living space and a large, 5,908 sqft lot, providing ample room both indoors and out. The home features a finished basement and an attached garage. Its standout characteristic is its strong relative ranking in several key metrics for the area: it sits in the top 10% of its immediate street for both size and age, and ranks in the top 5% of the wider community for living area. This suggests a property that is both above average in scale and relatively modern for its neighbourhood.
The home would suit buyers looking for a move-in ready family home in a mature, academic-adjacent community who value space and a settled streetscape over a brand-new build. It’s particularly suited for those who appreciate data-driven insights, as its competitive rankings for size, age, and assessed value indicate a solid, benchmark-property within its market segment.
Frequently Asked Questions
Q: How does the home's assessed value compare to the asking price?
A: The provided assessment is $634,000. This is a municipal valuation for tax purposes and is a useful benchmark, but the final sale price will be determined by the current market.
Q: What does the ranking data actually mean for a buyer?
A: The rankings show how this property compares to others in its immediate street, community, and city. For example, ranking in the top 5% of the community for living area confirms it is a notably spacious home for Varsity View, which is a key advantage.
Q: The home is 23 years old. What should I consider?
A: A 2003 build means major components like the roof, windows, and HVAC system are likely original and may be nearing the end of their serviceable lifespan. A thorough inspection is advised to budget for any upcoming updates.
Q: Is the finished basement included in the 2,262 sqft living area?
A: Typically, municipal living area (sqft) measurements do not include below-grade spaces. The 2,262 sqft likely refers to above-ground living space, with the finished basement providing additional bonus space.
Q: The lot is large. What are the potential benefits or drawbacks?
A: A nearly 6,000 sqft lot offers excellent outdoor space for gardening, play, or entertaining. However, it also means more yard maintenance. From an investment perspective, the land size is a significant and appreciating asset in a mature neighbourhood.