Property Overview
This 1987-built, one-storey home on a large 7,522 sqft lot in Varsity View offers a practical and spacious living proposition. Its key appeal lies in the combination of a generous, private yard and a fully finished basement, effectively expanding the 1,238 sqft main floor into a more flexible living space. The property shows strong market fundamentals, having recently sold for $530,000—above its assessed value—and ranks highly city-wide for lot size and overall value. It’s a home that prioritizes ground-level space and outdoor potential over multiple storeys.
It would suit buyers looking for single-level living or those wanting a manageable footprint with ample room to grow into the basement. The large lot is ideal for gardening, pets, or future expansion. Given its rankings within a desirable community, it appeals to both young families seeking stability in a established neighbourhood and practical downsizers who want room without the upkeep of a larger house.
Key Questions for This Property
1. What does the "fully finished basement" include?
While listed as finished, specifics on layout, ceiling height, and whether it includes a separate entrance or bathroom are not provided. This is a key point for determining its true liveable space and potential as a suite or recreational area.
2. How does the 1987 construction year impact maintenance?
A home of this age is likely due for updates to major systems like the roof, windows, or HVAC. Prospective buyers should budget for these potential near-term investments alongside the modern cosmetic updates it may also need.
3. The lot is large, but what is its condition and orientation?
A 7,522 sqft lot is a significant asset. Understanding if it's level, sunny, landscaped, or fully yard-space versus including a large driveway will clarify its recreational use and maintenance requirements.
4. Why did it sell for significantly above its assessed value?
The recent sale at $530,000, compared to a $465,000 assessment, suggests high buyer demand for the location and lot size, or that updates not reflected in the assessment added value. It also sets a clear recent market benchmark for the area.
5. What is the feel of the specific location on Batchelor Avenue?
"Varsity View" covers a broad area. It's important to understand traffic levels, proximity to schools or the university, and the general character of this specific block to gauge fit.