442 Sumach Street

442 Sumach Street – Property Summary

Section 1: Key Characteristics, Appeal & Buyer Profile

This is a 1969-built single-family home with 1,110 sq. ft. of living space on a 5,858 sq. ft. lot. What stands out most is the land size: it’s among the larger lots on Sumach Street (top 17%). That’s the kind of feature that appeals to buyers who value outdoor space, gardening, or the option to expand down the line. The house itself is newer than most on the street and in the Westwood neighbourhood, which is unusual for an area where many homes are early-to-mid 1960s builds.

The assessed value sits at $327,000—close to the street average but well below both the neighbourhood and city averages. That suggests a potentially more affordable entry point into Westwood, especially for someone who prioritises lot size over a fully updated interior. The living area is also slightly below the neighbourhood norm, so the trade-off is clear: more land for less house.

This property would suit a buyer who is comfortable with some updating or personalisation, wants a solid lot in an established neighbourhood, and is less concerned about having the most modern square footage. It’s not a turnkey home for someone seeking maximum interior space per dollar, but it could be a good fit for those who see land as long-term value.

Section 2: Five Possible FAQs

1. How does the property’s assessed value compare to others nearby?
On Sumach Street, the $327,000 assessment is close to the average. However, it’s about $65,000 below the Westwood neighbourhood average and roughly $63,000 below the citywide average. This means the property is priced relatively low for its area.

2. Is the lot size unusual for this neighbourhood?
Yes, in a good way. The 5,858 sq. ft. lot ranks in the top 17% on Sumach Street, though it’s closer to average within Westwood and city-wide. The street-level advantage is the main draw here.

3. When was the house built, and how does that compare to other homes?
Built in 1969, it’s newer than most homes on the street (average 1963) and in the neighbourhood (average 1966). That’s a small but meaningful gap—potentially meaning newer systems or updates at the time of construction.

4. What does “接近平均” mean in the ranking data?
It means the property’s figure (whether size, value, or age) falls within a typical range for that comparison group. For example, the living area is “接近平均” on the street and city-wide, but “低于平均” in Westwood, where homes tend to be larger.

5. Would this home be a good investment for rental or resale?
Given the land size and below-average assessed value in the neighbourhood, there’s potential for value growth if the home is updated or if the area appreciates. However, the living area is smaller than many nearby homes, which could limit resale appeal unless improvements are made. It’s more suited to an owner-occupier than a flipper looking for quick returns.