Property Overview & Key Characteristics
This 936 sqft bungalow at 67 Gull Lake Road, built in 1978, presents a practical and efficient home in the Waverley Heights neighbourhood. Its primary appeal lies in its balance of manageability and location. The living space is compact yet functional, ranking respectably on its own street. A key, less obvious characteristic is the lot size: at just over 3,000 sqft, it is notably smaller than area norms. This translates to significantly lower exterior maintenance—less lawn to mow and garden to manage—which is a considerable, often overlooked benefit for those seeking a simpler lifestyle without sacrificing indoor space.
The home’s assessed value of $368k sits comfortably around average at every comparison level, from its street to the entire city, suggesting a stable and fair market positioning. Notably, the year built is above average for the immediate neighbourhood, indicating the home may be relatively newer than many surrounding properties.
This property would ideally suit first-time buyers, downsizers, or pragmatic investors looking for a solid, no-fuss entry into a well-established area. It’s for those who prioritize a low-maintenance yard and a straightforward, efficient floor plan over expansive square footage or large outdoor spaces.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
It depends on your priorities. While it offers less private outdoor space than many area homes, it also means far less time and money spent on yard upkeep, which can be a major advantage for busy professionals or those looking to simplify.
2. How does the home’s value hold up in the area?
The assessed value is consistently around the average benchmark at the street, neighbourhood, and city-wide levels. This suggests the property is not overvalued for its specs and sits in a stable, middle-of-the-road position in the market.
3. The living area is below neighbourhood average. Will it feel too small?
At 936 sqft, it is compact. However, it ranks in the top half of homes on its own street, indicating the scale is typical for Gull Lake Road. It’s well-suited for individuals, couples, or small families who value efficient design over sprawling rooms.
4. What does the "above average" year built for the neighbourhood mean?
Built in 1978, this home is newer than the typical Waverley Heights house in its comparison group. This can sometimes correlate with updated building materials or floor plans, though a specific interior inspection is needed to confirm the condition and any renovations.
5. Who is this home not for?
It’s likely not the best fit for buyers who require multiple large bedrooms, extensive entertaining space, or who have a strong desire for gardening, landscaping, or large private outdoor areas, given the smaller lot size.