732 Pacific Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home (built 1907) on a notably large lot. The living area is 803 square feet, which is below average for its neighbourhood and city, but the land area of 3,814 square feet ranks in the top 17% on Pacific Avenue—significantly larger than the street average of 2,925 square feet. The assessed value sits at $197,000, slightly above the street and neighbourhood averages, though well below the citywide median.

Where the property stands out is the land-to-building ratio. Buyers who value outdoor space, room for an addition, or a more private urban lot will find the oversized parcel appealing. The house itself is straightforward and modest in size—suitable for someone who prioritizes location and yard potential over finished square footage. The home's age (over 115 years) means maintenance and updates should be expected, but older construction in this price range often appeals to buyers who want character or are willing to invest sweat equity.

This property would best suit:

• First-time buyers looking for an affordable entry point with room to grow.
• Investors or renovators interested in a lot that could support expansion.
• Anyone wanting a larger yard than typical for the area without moving to the outskirts.

Five Possible FAQs

1. How does the property compare to others nearby on price?
It's around average for Pacific Avenue and the West Alexander neighbourhood. The assessed value ranks in the top 38% on the street and top 41% in the area, suggesting it's competitively priced relative to similar homes nearby.

2. Is the living space too small for a family?
803 square feet is compact, but the lot size offers potential. Many owners in similar situations have added a rear extension, a second storey, or a detached studio. Zoning and permits would need to be checked, but the land gives flexibility.

3. What condition should I expect from a 1907 home?
That depends on updates. No recent renovation history is included here, but homes of this era often have solid bones, plaster walls, and older mechanical systems. A thorough home inspection would be wise, especially for wiring, plumbing, and foundation.

4. Why is the assessed value so much lower than the citywide average?
The citywide average includes many newer, larger homes in higher-priced districts. This property's value is consistent with older, smaller homes in its immediate area. The assessed value is not low for its street—it's actually slightly above the local average.

5. Can I see how the lot compares to other properties nearby?
Yes. The "neighbourhood map analysis" linked on the property page shows side-by-side comparisons of lot size, year built, living area, and assessed value for nearby homes. That gives a clearer picture of how this property's large lot fits into the block.