Property Overview & Appeal
This 1961 one-storey home in Westwood sits on a large, 7,261 sqft lot, which is a standout feature ranking in the top 3% for size on its street. The home itself offers 1,150 sqft of living space and includes a renovated basement and a detached garage. Its appeal lies in a balance of established neighbourhood character and practical updates. The lot size offers significant potential for gardening, expansion, or simply enjoying ample private outdoor space—a relative rarity. With a lower assessed value compared to many in the area, it presents as an accessible entry point into the neighbourhood. This property would suit first-time buyers or downsizers looking for a manageable single-level layout with a finished basement for extra space, and for buyers who see value in land size and are comfortable with a home from the 1960s that may require modernization to personal taste.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. Nearby comparable listings with similar assessments are selling at higher prices, so the selling price is expected to be above the $34,100 assessment.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, permits, and whether it includes added features like a bathroom or legal secondary suite.
3. Is the large lot a benefit or a burden?
While offering excellent space and privacy, a lot of this size requires more maintenance for landscaping and snow clearing. It’s a major asset for those who value outdoor space, but a consideration for those seeking low upkeep.
4. How does this home rank for its age in the area?
Built in 1961, it is older than about 87% of homes in the immediate neighbourhood. This suggests the surrounding area has seen significant renewal, so buyers should consider potential future renovations to systems like plumbing, electrical, or windows.
5. What is the neighbourhood character like?
Located on a quiet avenue in Westwood, the property is among established homes. The high rank for lot size on the street indicates it is one of the more spacious properties in the immediate area, likely offering a less crowded feel.