Property Overview & Key Characteristics
This is a distinctive, single-storey home in Varsity View, built in 1987. Its primary appeal lies in its exceptionally large, private lot of over 32,000 square feet—a rare find within the city that offers immense potential for gardening, recreation, or future expansion. The home itself is spacious at nearly 2,000 square feet of living space and features a finished basement and an attached garage.
The property consistently ranks in the top tiers of its neighborhood and city-wide for lot size, living area, and assessed value, indicating a well-above-average offering for the area. It would particularly suit buyers who prioritize land and privacy over a newer build, such as multi-generational families, those seeking a quiet retreat with room to grow, or value-driven investors attracted by the land's long-term potential relative to the established community.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentages show how this property compares to others. For example, "in the community it surpasses 98% of other homes" for lot size means its land parcel is larger than almost every other property in Varsity View, highlighting its standout feature.
2. Is the large lot mostly usable, or is it ravine or odd-shaped?
While the listing confirms the total area, viewing the map/street view is essential to understand the lot's layout, slope, and usability for your specific needs.
3. Given the age (39 years), what major systems might need attention?
Prospective buyers should plan for a thorough inspection of the roof, windows, HVAC, and plumbing systems, which are typically at or beyond their average lifespan in a home of this age.
4. How does the assessed value relate to the likely listing or sale price?
The municipal assessment of $630,000 is for tax purposes and is a historical snapshot. The market price will be determined by current conditions, the property's unique lot size, and recent sales of comparable homes.
5. What is the balance between the land value and the house value here?
A significant portion of this property's value is in the land itself. Buyers should consider whether they are looking for a move-in-ready updated home or are comfortable with a property where the primary investment is in the lot, with the house potentially requiring updates over time.