This property at 63 Alder Bay offers a specific set of trade-offs that might appeal to a discerning buyer. The home itself is a 1972 build, placing it among the newer homes on its street (top 8%). The living area is 1,029 sqft—slightly smaller than the street and city averages, but right in line with the broader Westdale neighbourhood. The land is where it stands out: a 6,802 sqft lot is well above average for Westdale (top 13%) and the city (top 19%), though just under the average for its immediate street.
The assessed value of $371,000 is notably above the Westdale average ($307,000) but in line with the street average. This suggests the home’s value is somewhat driven by its larger lot within a desirable area, rather than by its square footage alone.
The appeal here is for a buyer who values outdoor space and a more established, built-out neighbourhood over interior square footage. It would suit someone willing to compromise on interior size for a generous, private lot, or a buyer interested in a renovation or addition on a solid piece of land in a well-ranked community. It is less suited for someone who prioritizes a large, move-in-ready interior or who wants a home that feels spacious from the moment they walk in.
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How does the lot size compare to other homes nearby?
The lot is 6,802 sqft. This is larger than roughly 87% of homes in Westdale and 81% of homes citywide. On this specific street, however, it is closer to the median.
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Is the living space considered small for this area?
Yes, relative to the street and the city. At 1,029 sqft, it is slightly below the street average of 1,111 sqft and well below the city average of 1,342 sqft. However, it is almost exactly average for the Westdale neighbourhood.
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What does the assessed value tell me about the home's condition or upgrades?
Not directly. The assessed value ($371,000) is high for the neighbourhood, which often reflects the larger lot and the home’s reasonably recent build year (1972). It does not necessarily indicate recent renovations or superior interior condition; those would need to be verified in person.
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Why is the home older than the city average but newer than the street average?
The home was built in 1972. It is newer than the average home citywide (1966) and slightly newer than the average on its street (1971). Being the second-newest home on a street of 26 homes is a distinct marker for the immediate area.
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Who is this property not a good fit for?
It is likely a poor fit for buyers who want a large, open interior from the start, or those who prefer a newer, larger home in a developing suburb. It also may not suit someone looking for a lower-maintenance property with a smaller yard.