46 Almond Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 1958 home with 930 square feet of living space on a 6,387-square-foot lot, assessed at $367,000. What stands out here is the land-to-building ratio. The house itself is slightly undersized compared to city averages, but the lot is significantly larger than most properties on the street and in the wider Windsor Park neighbourhood. That combination—modest interior, generous yard—makes this property a stronger fit for someone who values outdoor space, gardening, or future expansion potential over finished square footage.
The assessed value ranks well above the street average (top 14%), which reflects the land premium more than the house size. On the street level, this property is essentially a standout lot with a modest home on it. Citywide, the value sits near the middle (top 48%), so it’s not overpriced relative to the broader market—it's the street and neighbourhood context that makes it interesting.
This property would suit a buyer who:
- Wants a larger-than-typical yard in a mature neighbourhood without paying for a huge house.
- Is open to renovating or eventually rebuilding, given the 1958 construction and below-average living area.
- Prefers a quieter, established street over newer developments with uniform lots.
- Is comfortable with a home that’s not move-in perfect but has strong underlying land value.
It’s less suited for someone looking for maximum interior space per dollar, or who wants a turnkey modern layout.
Frequently Asked Questions
1. How does the living area compare to similar homes in the area, and why does it matter?
The home is 930 sqft, which is around average for its street but below average for the neighbourhood (1,091 sqft) and city (1,342 sqft). That means you’re getting less interior space than many nearby homes. However, the land area is above average at every level—street, neighbourhood, and city. So the trade-off is clear: smaller house, bigger yard. If you plan to add on, the lot gives you room to do that.
2. Is the assessed value of $367k reasonable for this property?
It ranks in the top 14% on the street and top 34% in the neighbourhood, which might seem high for a 930 sqft home. But most of that value is in the land. The street average is $331k, so you’re paying a premium for the lot. Citywide, it sits near the middle, so it’s not an outlier—just a property where the house isn’t the main asset.
3. What’s the significance of the 1958 build date?
It’s the oldest home on the street (tied with others built that year) but fairly typical for the neighbourhood and city. A 1958 home often means original mechanicals, potential for lead or asbestos in older finishes, and layout quirks. But it can also mean solid construction, mature landscaping, and a lot that predates modern subdivision standards. If you’re handy or planning a gut renovation, this could be an advantage.
4. How does the lot size compare, and what can I realistically do with it?
At 6,387 sqft, it’s in the top 14% on the street and top 24% citywide. That’s a genuinely large lot for an older urban neighbourhood. You have room for a garage addition, a large garden, a workshop, or—if zoning allows—a secondary suite or infill. Just keep in mind that the house footprint is small, so the usable yard is even larger relative to the building.
5. Should I be concerned about the “below average” rankings for living area and year built?
Not necessarily. The rankings are relative to comparables, not absolute measures of quality. A below-average living area means you’re paying for land, not square footage. An older build can be a positive if you want character or a renovation project. The key is to align your priorities: if you want a finished basement and open-concept kitchen, this isn’t it. If you value yard space and location over interior size, the numbers are in your favour.