Property Summary: 47 Holt Drive
Key Characteristics & Buyer Profile
This is a 1966-built home with 1,220 sq ft of living space on a 6,150 sq ft lot. Its assessed value is $401,000. Looking at the numbers, the property sits near the middle of the pack for living area in its Westwood neighbourhood—slightly below the local average of 1,372 sq ft, but broadly in line with city-wide norms. Where it stands out is its land size (above average for the street and city) and its assessed value, which ranks in the top 30% locally and top 38% city-wide. The build year is on the older side, but it ranks among the earlier homes on Holt Drive, which may appeal to buyers interested in a more established street.
The real appeal here is the land. A 6,150 sq ft lot in a neighbourhood where the average is actually slightly larger suggests this property offers decent outdoor space without being oversized by local standards. The assessed value being higher than average for the street indicates the property has held or gained value relative to its immediate neighbours. At the same time, the living area is nothing exceptional—it's functional but not generous for a family who prioritises interior square footage.
This property would suit buyers who value lot size and location over interior space. It’s a good fit for someone looking to get into a solid, older neighbourhood (Westwood) with room to stretch outside. It’s less suited to buyers who need a large open floor plan or a move-in-ready modern interior without any work. The numbers suggest a home that is unflashy but stable—possibly with renovation potential, particularly given the land-to-building ratio.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
It’s slightly below average for both the street and the neighbourhood. On Holt Drive, the average is 1,302 sq ft, and in Westwood it’s 1,372 sq ft. This home’s 1,220 sq ft is on the smaller side but still within a reasonable range for a home of this era.
2. Is the assessed value accurate or likely to change?
The assessed value of $401,000 is above the street average ($379,000) and above the neighbourhood average ($392,000). Assessments lag market conditions, so while this suggests the home is valued well relative to peers, actual market price could be higher or lower depending on condition, renovations, and recent sales.
3. What does the lot size mean in practical terms?
At 6,150 sq ft, the lot is above average for the street (5,817 sq ft) and slightly below average for the neighbourhood (6,491 sq ft). It’s a good-sized city lot—enough for a garden, kids’ play space, or possibly a future addition, but not so large that it requires excessive maintenance.
4. Why is the build year listed as “above average” when it’s 1966?
The ranking compares the build year to other homes on the same street. On Holt Drive, many homes were built around the same time, but this one ranks 3rd out of 36, meaning it’s one of the older homes. “Above average” here refers to its rank relative to newer builds—older homes in this context are considered a positive for buyers seeking character or established streets.
5. Should I expect to do renovations?
Given the age (1966) and the average living area, it’s reasonable to expect that a home of this vintage may need updates to systems (roof, windows, HVAC, plumbing) or finishes. The land value being relatively strong compared to the building suggests there’s room to add value through improvements, but a professional inspection would be essential before making any assumptions.