Property Overview & Key Characteristics
This single-storey home in Waverley Heights is defined by its generous, mature lot and a recently renovated basement. Built in 1977, its primary appeal lies in its established neighbourhood setting and the value of its land, which is notably larger than many properties on the same street and within the wider area. The renovated basement adds functional living space to the 1,130 sqft main floor. With an attached garage and no pool, it presents as a practical, low-maintenance property.
The home is well-suited for first-time buyers or downsizers seeking a solid, move-in-ready foundation in a quiet, established community without the premium of a new build. Its appeal is more about space and practicality than modern luxury. A thoughtful perspective is that while the home itself is of average size for the area, the above-average lot size offers relative rarity and potential for future enjoyment or expansion, which isn't always apparent in listings for older homes.
Frequently Asked Questions
1. How does the lot size compare to newer neighbourhoods?
At 5,772 sqft, the lot is significantly larger than those typically found in newer suburban developments, offering more private outdoor space.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the selling agent to understand the quality and functionality of the added space.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $40.5k is for municipal tax purposes. Market value is determined by recent sales of comparable homes, like the similar-valued properties listed, and current demand.
4. The home is older; what major systems might need attention?
Given the age, a buyer should proactively investigate the condition of the roof, windows, and major mechanical systems (furnace, water heater) during the inspection process.
5. How does this home rank for living area within Waverley Heights?
The living area is in the middle range for the neighbourhood, ranking near the top 49%. This indicates it's a comfortably sized home for the area but not among the largest.