359 Drake Boulevard — Property Summary
Key Characteristics & Buyer Profile
This is a 1956-built home in Windsor Park with 1,022 sq ft of living space and a notable 7,599 sq ft lot. The lot size is the standout feature: it ranks #1 on Drake Boulevard (top 2%), well above the street average of 4,633 sq ft, and sits in the top 13% city-wide. The house itself is smaller than average for its street and the city, but close to the median for its neighbourhood. Its assessed value ($357,000) is roughly in line with both the street and community averages, and slightly below the city median.
The appeal here is the land, not the house. For someone who values outdoor space, gardening, or the potential to expand or redevelop in the future, this property offers a rare commodity on this street. It would suit buyers who are willing to work with an older home (built 1956) and prioritize lot size over move-in-ready finishes. Investors or renovators may also see potential, given the land-to-building ratio. It’s less suited for someone looking for a larger, newer home without major updates.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
It’s slightly below the street average (1,169 sq ft) and the city average (1,342 sq ft), but close to the neighbourhood average (1,091 sq ft). It's a modestly sized home by current standards.
2. Is the assessed value fair compared to similar properties?
The value is near the median for both the street and community, and about 8% below the city average. It reflects a home that’s older and smaller than typical new builds, but on a larger lot.
3. What are the implications of the 1956 build year?
The home is older than most on its street (average build year 1973), but close to the neighbourhood average (1961). Buyers should expect systems and finishes that may need updating, depending on prior renovations.
4. What makes the lot size so unusual for this property?
At 7,599 sq ft, it’s the largest lot on Drake Boulevard and nearly 65% bigger than the street average. It ranks in the top 13% city-wide, which is uncommon for a home in this price range.
5. Who typically buys a property like this?
Buyers who value land over square footage—gardeners, families wanting a big backyard, or those considering future expansion or development. It also appeals to investors looking for a property with land value upside.