Property Summary: 23 Gull Lake Road, Waverley Heights
Section 1: Key Characteristics & Appeal
This 809 sqft bungalow, built in 1978 on a 3,838 sqft lot, presents a specific and compelling value proposition. Its primary appeal lies in its position as a more accessible entry point into the established Waverley Heights neighborhood. While the living space is notably compact compared to area averages, this is reflected in its assessed value of $332k, which sits comfortably below the neighborhood average. This creates an opportunity for buyers seeking location and lot over square footage.
The home would suit first-time buyers, downsizers, or pragmatic investors looking for a solid footprint in a desirable area without the premium for larger modern layouts. Its older vintage, yet newer than many homes in the wider city, suggests a balance of established-character infrastructure and potential for updates. A thoughtful perspective is that the below-average living area on an average-sized street lot hints at a home designed for simpler living, possibly with a layout that emphasizes outdoor space or efficient use. It’s a property for those who prioritize the neighborhood and land first, viewing the home itself as a sound canvas.
Section 2: Frequently Asked Questions
Q: How does the smaller living area impact value?
A: The data shows the home’s assessed value is proportionally lower than neighborhood averages, directly correlating with its size. This means you are paying less for the location because of the compact floor plan, which can represent efficiency rather than just a drawback.
Q: Is the lot size a positive?
A: On Gull Lake Road itself, the lot is around average. For the larger neighborhood and city, it is below average. However, it remains a decent-sized urban lot that offers outdoor space and is manageable for maintenance.
Q: What does the "Above Average" year built ranking for the neighborhood mean?
A: It means this 1978 home is newer than most in Waverley Heights. This can imply relatively newer major systems (like plumbing or electrical) compared to much older area homes, which is a practical advantage.
Q: Who determines these rankings and averages?
A: The analysis is based on a comparison of available public data for homes deemed comparable within defined geographic scopes (street, neighborhood, city). The "Avg" is a rough median benchmark for those peer groups.
Q: Where can I see this property in context with its neighbors?
A: You can open the neighbourhood analysis page to view an interactive map comparing this home to others nearby based on year built, size, value, and lot dimensions.