Property Overview & Key Characteristics
This 1972 bi-level home in Varsity View sits on a large, 5,047 sqft lot. Its key features include a finished basement and a detached garage. With 825 sqft of living space, it is a compact and manageable property.
The primary appeal lies in its location within a well-established neighbourhood and its generous lot size, which offers potential for gardening, expansion, or simply more outdoor space than is typical for the area. The finished basement adds valuable flexible space for a family room, home office, or guests.
This home would best suit first-time buyers or downsizers looking for an entry point into a mature community without the burden of a large house to maintain. It's also a practical canvas for buyers with a vision to gradually update the interior or utilize the expansive yard.
Frequently Asked Questions
1. How does the bi-level layout function in daily life?
Bi-levels typically feature a short staircase leading to the main living areas and another leading down to the basement. This offers good separation between living and sleeping areas, but involves frequent use of stairs.
2. What does the "finished basement" include?
The listing confirms the basement is finished but does not specify the rooms. Buyers should verify the quality of the finish, ceiling height, and whether it includes a bedroom or legal egress windows.
3. The lot is large, but what is its condition and potential?
A lot of this size is a significant asset. Consider the orientation for sun exposure, the condition of any existing landscaping, and check local zoning bylaws for any future plans like adding a deck or shed.
4. The home ranks low on living area but average on value. Why?
The rankings show the living space is modest compared to others, but the total property value is bolstered by the desirable lot size and location. You are investing more in the land and neighbourhood than in the size of the house itself.
5. What are the implications of the home's age?
Built in 1972, major systems like the roof, windows, plumbing, and electrical may be original or nearing the end of their service life. A thorough inspection is crucial to understand upcoming maintenance or update costs.