Key Characteristics & Buyer Profile
This 992-square-foot home on Collingham Bay in Westdale, built in 1972, sits on a 5,440-square-foot lot. Its strongest asset is its assessed value of $355,000, which ranks in the top 22% of the neighbourhood and top 41% on the street—meaning it’s priced comparatively well for the area. The living area and lot size are both below the street average (1,066 sqft and 7,230 sqft, respectively), but the lot is right around the neighbourhood norm.
The appeal here is value-consciousness. The property is not oversized or flashy, but the assessment suggests it offers more house for the money relative to nearby competition. The year built (1972) is typical for the street and neighbourhood, so it doesn’t stand out as either particularly dated or new.
This home would suit a buyer who prioritizes location and stable pricing over square footage. It’s a practical fit for someone trading space for a solid foothold in a well-ranked neighbourhood (Westdale, top 22% for assessment), or for an investor looking at a property that isn’t the smallest or most expensive on the block. It might not appeal to buyers seeking a large lot or a move-in-ready showcase, but for those who see a fair price per square foot in a decent area, it makes sense.
Five Possible FAQs
1. How does the lot size compare to others in the area?
At 5,440 sqft, the lot is the smallest on Collingham Bay (ranked 29th out of 29). However, it’s roughly average for the Westdale neighbourhood and the city as a whole. If a large yard is a priority, this property falls short relative to its immediate street.
2. Is this home priced competitively given its size?
Yes, relatively speaking. The assessed value of $355,000 is above the Westdale average ($307,400) and the street average ($347,900), meaning it’s valued higher than most nearby homes. But given its smaller living area (992 sqft), you’re paying for the neighbourhood and the lot location, not extra square footage.
3. What’s the condition of a 1972 home like this?
The year built is typical for the street and area, but the raw data doesn’t include renovation history. A 1972 home could mean original systems or updates. Buyers should budget for potential upgrades to mechanicals, windows, or finishes, especially since the property isn’t noted as recently renovated in the data.
4. How does this property compare to others in Westdale?
It’s a middle-ground choice. The living space is slightly smaller than the neighbourhood average (1,029 sqft), but the lot size is close to the norm. The standout is the assessed value—top 22% in Westdale—so you’re getting a home that’s considered above-average in value for the area, even if the physical footprint is modest.
5. Is this a good fit for a family or an investor?
Both, but for different reasons. A small family might appreciate the reasonable lot and neighbourhood ranking without paying a premium for a larger home. An investor could see potential in a property that’s relatively affordable per square foot in a well-valued area, though the smaller lot and living area may limit resale appeal to certain buyers.