Property Overview: 62 Agassiz Drive

Key Characteristics & Appeal

This well-situated one-storey home in Agassiz is defined by its generous, mature lot and recent updates. Sitting on a 6,597 sqft property—larger than most on its street and in the neighbourhood—it offers established landscaping and space. The home itself features a renovated basement, adding valuable finished living area to the 1,183 sqft main floor. Recent sale history shows steady value appreciation, having sold for $450k in late 2024, which aligns closely with its current assessed value.

Its primary appeal lies in this combination of a prime lot size in an established area and move-in-ready updates, notably the basement. It suits buyers looking for a solid, single-level layout in a quiet neighbourhood without the premium of a brand-new home. A thoughtful perspective is that while the living area is modest relative to the lot size, this presents a clear opportunity: the property is ideally configured for future expansion or outdoor living spaces, should a buyer wish to invest further. It’s a practical choice for downsizers, small families, or investors seeking a stable property with recent renovations already addressed.

Frequently Asked Questions

1. How does the lot size compare to the area?
The 6,597 sqft lot is a standout feature, ranking in the top 27% on Agassiz Drive and the top 42% within the wider Agassiz neighbourhood, offering more outdoor space than many comparable properties.

2. What is the recent sales history?
The home sold most recently in September 2024 for $450,000. Prior to that, it sold in August 2019 for $365,000, indicating consistent market value growth over a five-year period.

3. Is the basement fully finished?
Yes, the listing specifies the basement is renovated, suggesting it is a finished, livable space that contributes to the home’s overall functionality.

4. What is the home’s condition given its age?
Built in 1960, the home is of an age where core systems may need evaluation. However, the renovated basement and recent sale suggest it has been maintained and updated for modern living.

5. How does the assessed value relate to the sale price?
With an assessed value of $440,000 and a very recent sale at $450,000, the assessment is closely aligned with the market price, indicating the valuation is current and realistic.