Property Overview

This 1955 one-storey home in Brooklands presents a practical opportunity. Its key appeal lies in being a solid, no-frills property that has already seen important updates. The home sits on a standard-sized lot for the area (3,634 sqft) and features a renovated basement and a detached garage. With 960 sqft of living space, it offers a compact and manageable layout. The home’s assessed value is notably above average for its immediate street and neighbourhood, suggesting it may be in better condition or have more desirable features than many nearby comparables. It last sold in 2019 for $220k.

This property would suit first-time buyers, downsizers, or investors looking for a straightforward, entry-level home in a well-established neighbourhood. Its renovated basement adds functional living space or rental potential, while the detached garage provides valuable storage or workshop space. The data indicates you’re paying for a well-positioned property within its local market rather than for sheer size or newness.

Frequently Asked Questions

1. What does the "above average" assessed value really mean?
It means the city’s tax assessment values this property more highly than most similar homes on its street and in Brooklands. This often reflects updates, condition, or specific features. While it can indicate good upkeep, it also means property taxes will likely be at the higher end for the local area.

2. Is the living area of 960 sqft too small?
It depends on your needs. It’s compact but typical for many post-war bungalows. The renovated basement effectively doubles the usable space, making the home feel larger than the main-floor square footage suggests. It’s efficient for individuals, couples, or small families.

3. How does the lot size compare?
The lot is very typical for Brooklands, almost exactly the neighbourhood average. It offers a standard backyard space for the area—not expansive, but sufficient for gardening, recreation, or a patio. It’s a manageable size for maintenance.

4. The home was built in 1955. What should I be aware of?
While the basement has been renovated, a home of this age may still have original components elsewhere, like plumbing, electrical, or windows. A thorough inspection is key to understand what major systems have been updated and what might need future attention or budgeting.

5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or extensive square footage on one level may find it too compartmentalized and compact. It’s also less suited for those wanting a large, private yard, as the lot size is standard for the dense, established neighbourhood.