Property Overview & Key Characteristics
This 1956 one-storey home in Windsor Park offers a renovated basement and a detached garage on a large, nearly 6,000 sqft lot. Its key appeal lies in this balance of updated living space and significant outdoor potential. The home itself, at 1,040 sqft, is modest in size but sits on a property that ranks in the top 9% for lot size on its street, suggesting room for gardens, play areas, or expansion.
The data presents a grounded profile: it’s not the newest or largest house in the area, but it holds its own with above-average rankings for lot size and year built within its immediate neighbourhood. This positions it as a practical opportunity. It would suit first-time buyers or downsizers looking for a manageable single-level layout with a major renovation already addressed in the basement. The large lot also makes it a candidate for buyers with long-term visions, whether for enjoying private outdoor space or considering future additions.
Frequently Asked Questions
1. What does the "renovated basement" typically entail in a home of this era?
While specifics require a viewing, in a 1956 home this often means updated finishes, electrical, and moisture management to create a comfortable living or recreational space, adding valuable functional square footage.
2. How does the large lot size impact property costs?
A larger lot can mean higher property taxes relative to similar-sized homes on smaller parcels, but it also offers greater privacy, space, and potential. It’s a trade-off between ongoing costs and long-term utility or value.
3. The assessed value seems notably lower than some nearby properties. Why?
Municipal assessed value for taxation purposes doesn't always equal market value. It can be influenced by historical formulas and may not immediately reflect recent renovations or current market conditions. Always rely on a professional market evaluation.
4. Is the older roof or mechanical systems a concern?
Given the home's age, the condition and age of major components like the roof, furnace, and plumbing are key inspection points. A well-maintained 70-year-old home can be solid, but budgeting for eventual updates is prudent.
5. What is the neighbourhood feel of this part of Windsor Park?
With homes primarily from the 1950s-70s and consistent assessed values on the street, it suggests a stable, established community. The very close proximity of neighbouring houses (some just 16 meters apart) indicates a typical, friendly suburban setting where homes are in close quarters.