4 Foxberry Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1,012 sqft home built in 1972 on a 2,997 sqft lot, currently assessed at $303,000. Its standout feature is value relative to the immediate street: it ranks 4th out of 54 homes on Foxberry Bay in assessed value (top 7%), well above the street average of $266,800. The living area is also above average for the street (top 19%), though it sits below the citywide average of 1,342 sqft.
Where the property loses ground is land size. The lot is small—2,997 sqft ranks 52nd out of 54 on the street (bottom 4%) and well below the neighborhood and city averages. This is the trade-off: you get a home that’s competitively priced and slightly larger than its immediate neighbors, but on a compact lot that limits outdoor space or expansion.
The appeal lies in the gap between street-level value and broader averages. A buyer here is paying below the Westdale neighborhood median ($307,400) and well below the citywide median ($390,100), while owning one of the higher-valued homes on the block. That suggests stable local demand without paying a premium for a large yard. It would suit a buyer who prioritizes indoor square footage and a reasonable purchase price over a big lot—likely first-time homeowners, downsizers who don’t want yard upkeep, or investors looking for a solid entry in a neighborhood with above-average street prices.
Frequently Asked Questions
1. How does this home's assessed value compare to similar homes citywide?
The citywide average assessed value for comparable homes is $390,100. This property is assessed at $303,000—roughly 22% below that. Within its own neighborhood (Westdale), the average is $307,400, so it sits close to the local median.
2. Is the small lot a drawback for resale?
It could be, depending on the buyer pool. On Foxberry Bay, only two homes have smaller lots. But the street itself has above-average assessed values, so the trade-off is already priced in. Buyers who want a large yard will look elsewhere; those who value location or a smaller footprint may not mind.
3. Why is the street-level rank for value so much higher than the neighborhood rank?
The street has a lower average assessed value ($266,800) than the broader Westdale area ($307,400). So this home stands out more among its immediate neighbors than within the wider neighborhood. It’s a strong relative performer on the block, but only average when compared to Westdale as a whole.
4. What does “year built 1972” mean for maintenance or utilities?
A 1970s home typically has original framing and layout common to that era. Electrical and plumbing may be original or partially updated. It’s worth checking the age of the roof, furnace, and windows. The year built is average for the street and neighborhood, so major systems are likely similar to other homes in the area.
5. How does the living area (1,012 sqft) compare to typical homes for first-time buyers?
It’s slightly below the citywide average for comparable homes (1,342 sqft) but above the street average (960 sqft). For a first home, 1,012 sqft is functional—enough for two to three bedrooms and a living area without being oversized. It’s a common size for entry-level homes in this price range.