324 Cathcart Street

Property Overview

This 1973-built, one-storey home in Varsity View offers a rare combination of spacious land and solid living area. Its key appeal lies in its generous 10,835 sqft lot—a significant size that ranks in the top 2% of its street and top 5% city-wide—paired with a fully finished basement and attached garage. The home’s assessed value and living space consistently rank well above average for the area, suggesting a property that has been maintained and valued above its peers. It would particularly suit buyers looking for a single-level layout with ample outdoor space for gardening, expansion, or simply enjoying a large private yard in a well-established neighbourhood. The strong rankings across metrics indicate a property that offers both immediate livability and long-term value in a sought-after location.

Key Details & Questions

• What is the property’s most standout feature? The exceptionally large lot is the defining characteristic. At over 10,000 sqft, it provides uncommon space and potential in a mature neighbourhood, which is a major contributor to its high value ranking.
• How does the home’s condition compare to its age? Built in 1973, the home is older than many on its street, but its above-average rankings for living area and assessed value suggest it has been updated or well-maintained relative to its age.
• Is the price likely to be near the assessed value? The current assessed value is significantly higher than the 2016 sale price, reflecting market appreciation and possibly improvements. Buyers should note this as a baseline for municipal taxation, but market value will be determined by current conditions.
• Who might this property not suit? Given it’s a one-storey home with a finished basement, it offers good space but may not suit those specifically seeking a modern, multi-level layout. The older building year also implies potential for systems updates.
• What does the strong “street ranking” indicate? Ranking in the top percentiles for lot size, living area, and value on its own street highlights that this is a premium property within its immediate micro-market, not just the broader neighbourhood.