14 Savile Avenue

Property Overview & Appeal

This 1977-built, one-storey home on a spacious 5,999 sqft lot in Betsworth presents a practical and value-oriented opportunity. Its key appeal lies in a solid foundation: a fully finished basement adds valuable living space to the 944 sqft main floor, and the property has demonstrated consistent value appreciation in recent years. The home ranks highly within its immediate street for lot size and age, suggesting it sits on a desirable, established street. Its recent sale price significantly exceeds the assessed value, indicating strong market confidence in the specific location.

This property would suit first-time buyers seeking a manageable, single-level layout with room to grow in the basement, or investors attracted by the stable rental history implied by its transaction record. It’s a home for those who prioritize land size and neighborhood character over a large interior footprint, offering a chance to live on a prime lot where the land itself may be a key driver of long-term value.

Frequently Asked Questions

Q: How does the finished basement impact the living space?
A: The finished basement effectively doubles the usable square footage, providing crucial extra space for a family room, home office, or additional bedrooms that the main floor may not have. It’s a major functional upgrade for a home of this era and style.

Q: The home ranks low for interior size in the area. Is this a concern?
A: It reflects that many homes in the broader community are larger. This underscores that the appeal here is the combination of a solid, smaller main floor on a very large lot—a trade-off that keeps the price point accessible while offering land potential.

Q: What does the consistent increase in sale price since 2017 indicate?
A: It shows steady, healthy market growth for this specific home, outpacing average community gains in some periods. This trend suggests the property has been well-maintained and is in a micro-location that buyers continue to value.

Q: There's no garage. How big of an issue is this?
A: For many buyers in this price range, it’s a common compromise. The large lot does provide potential for adding a garage or shed in the future, subject to local bylaws, which is a key advantage over properties with smaller lots.

Q: The home is nearly 50 years old. What should I focus on?
A: While the structure has proven durable, a focused inspection on major age-related components is essential. Pay special attention to the roof, original windows, and the foundation, as well as updates to the electrical and plumbing systems over the years. The fully finished basement also requires a careful check for any moisture issues.