Property Summary: 250 Harcourt Street

Section 1: Overview & Appeal

This well-situated one-storey home in Booth presents a compelling opportunity, particularly for its generous 10,618 sqft lot—a standout feature placing it in the top 6% of the neighbourhood for land size. The home itself offers 1,368 sqft of living space and benefits from both attached and detached garage options. A key modern update is the renovated basement, adding functional living space.

The primary appeal lies in its established, mature setting and the significant potential offered by such a large parcel of land. The property’s assessed value is modest relative to its recent 2022 sale price of $520k, which itself ranks in the top 2% of the neighbourhood historically, suggesting buyers see strong value beyond the basic figures. It would suit a buyer looking for a solid, no-fuss home with ample outdoor space for gardening, expansion, or simply privacy. It’s also a fit for those who value practical features like multiple garage spaces and updated core areas, without needing a brand-new build. A less obvious perspective is that the large lot in an older neighbourhood offers a hedge against density, providing a sense of space that is becoming increasingly rare and valuable.

Section 2: Frequently Asked Questions

1. What does the large difference between the assessed value and the 2022 sale price indicate?
This is common and reflects that assessed value for taxation purposes often lags behind market value. The 2022 sale price is a clear market indicator that buyers were willing to pay a significant premium for this property's specific attributes, like the lot size and renovations.

2. Is the 1962 build date a concern?
While the home is older, the renovated basement shows key systems have been updated. The older build date is balanced by the character and established nature of the neighbourhood, and the lot size is a permanent asset unaffected by the home's age.

3. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or a turn-key, recently built home. As a one-storey, it may also not be ideal for those specifically needing multiple levels of living space.

4. How does the lot size compare practically?
At over 10,600 sqft, the lot is substantially larger than average. This translates to more backyard privacy, space for additions like a workshop or large deck, and less direct proximity to neighbours compared to typical suburban lots.

5. What is the significance of the sold history showing rapid value growth?
The sale history shows a jump from $408k in 2019 to $520k in 2022. This strong appreciation suggests the property possesses qualities the market highly values, which could provide confidence in its long-term equity potential, though past performance is not a guarantee of future results.