Property Summary: 83 Gull Lake Road, Waverley Heights
Section 1: Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1978, presents a practical and efficient living option in the established Waverley Heights neighborhood. Its primary appeal lies in its above-average living space for the immediate street, offering more interior room than most nearby homes, while carrying an assessed value that is manageable for the area. The home suits first-time buyers, downsizers, or investors seeking a lower entry point into a stable neighborhood. It’s a property where the value is in the functional interior space rather than the lot size.
A thoughtful perspective: this home represents a specific trade-off. You are acquiring a house that is notably larger inside than many on its street, but on a lot that is significantly smaller than the local norm. This makes it ideal for those who prioritize indoor living area and lower maintenance over expansive outdoor space. Its older construction date relative to the immediate street suggests a potentially well-built, classic design, but it may also indicate a greater need for updates compared to newer neighboring homes.
Section 2: Frequently Asked Questions
1. Is the lot size a concern?
The land area is compact, ranking in the bottom 10% for the street and neighborhood. This means minimal yard maintenance but also limited private outdoor space. It’s a defining feature that will appeal to some and deter others.
2. How does the value compare?
The assessed value is around the city average but is below the average for the Waverley Heights neighborhood. This suggests a more affordable pathway into this area, though the lower assessment may reflect the smaller lot and the home’s age.
3. Is the living space a good size?
Yes. The living area is a key strength, ranking in the top quarter for Gull Lake Road. You get more interior space than is typical for the street, which is a significant advantage for a home at this value point.
4. What does the 1978 build year imply?
It indicates a mature home that may have solid construction from that era. Be prepared for potential updates to systems, windows, or insulation that are typical for a house of this age. It is older than the average home on its specific street.
5. Who would this property suit best?
It’s an excellent match for pragmatic buyers: those entering the market who want more house for their budget, downsizers seeking single-level living without a large yard to manage, or investors looking for a rental property with a competitive operating cost in a desirable area.