Property Overview & Key Characteristics
This well-maintained one-storey home in Waverley Heights offers a classic, low-maintenance layout on a generous 6,030 sqft lot. Built in 1978, its key appeal lies in its balance of established neighbourhood charm and practical updates, most notably a renovated basement that adds valuable finished living space. With 1,210 sqft of living area and an attached garage, the home provides comfortable, single-level living.
The property’s strength is reflected in its comparative rankings: it sits in the top third of its street for lot size and the top 15% for assessed value, suggesting it is a well-regarded home in its immediate area. Its appeal is grounded in being a solid, move-in-ready property in a mature neighbourhood with larger-than-average lots. It would suit first-time buyers seeking space and stability, downsizers looking for a manageable single-level layout without sacrificing yard size, or practical investors attracted by a home with recent renovations in a consistent area.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified via a viewing or disclosure statement, a renovated basement in a home of this era often means a finished recreational space, possibly with a bathroom or laundry area, adding functional square footage beyond the main floor living area.
2. How does the assessed value relate to the listing price?
The assessed value ($42,400) is for municipal tax purposes and is typically lower than current market value. It is a useful benchmark showing this home is valued highly compared to its neighbours, but the listing price will be determined by recent sales of comparable properties and current market conditions.
3. Is the larger lot size a major advantage?
Yes. A lot size ranking in the top 64% on its street is a significant asset. It provides more outdoor space for gardening, recreation, or future expansion (like a deck or shed) than many nearby properties, which is a premium in mature neighbourhoods.
4. The home is 48 years old. What should I be mindful of?
While the renovated basement is a plus, a prudent buyer will pay special attention to the condition of major original components common for the age, such as the roof, windows, plumbing, and electrical systems, to understand any future maintenance priorities.
5. Who are the typical neighbours or residents in Waverley Heights?
Waverley Heights is a long-established, stable neighbourhood. It often attracts a mix of long-term residents, families appreciating the proximity to schools and parks, and those seeking a quiet, residential area with good access to major routes like Bishop Grandin Boulevard.