Property Overview: 806 Mountain Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1927, is defined by its substantial and rare 7,239 sqft lot, placing it in the top 1% for land size within its immediate area and neighbourhood. The living space of 1,431 sqft is notably generous for Burrows Central, ranking in the top 5% locally. Key features include a renovated basement and a detached garage. The appeal lies in a unique combination of vintage charm and significant outdoor space—a rarity in urban settings. It suits a practical buyer who values room to grow, garden, or simply enjoy privacy without leaving the city. It’s also a compelling option for those interested in the underlying land value, as the assessed value is high for the area but modest city-wide, suggesting potential that is recognized locally. The recent sale history indicates a stable, well-established market value.

Frequently Asked Questions

1. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than 99% of comparable homes on Mountain Avenue and in the Burrows Central neighbourhood, offering exceptional outdoor space for the area.

2. The home was built in 1927. What should I consider?
While the structure is nearly a century old, the renovated basement is a noted positive. A thorough inspection is advisable to understand the condition of major vintage home systems, like plumbing and wiring, and to identify any character-related maintenance.

3. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes many newer and higher-value neighbourhoods. This home’s assessment is actually in the top 5-8% for its own street and neighbourhood, indicating it is considered a higher-value property within its local market context.

4. Who would this property be best suited for?
It’s ideal for buyers prioritizing lot size over a modern build—think gardeners, families wanting play space, or those envisioning future additions. It also appeals to value-focused buyers seeking a home with recognized equity in a stable, established community.

5. How does the living area compare to nearby homes?
With 1,431 sqft, it offers significantly more indoor space than the neighbourhood average (962 sqft). This makes it a standout for those needing more room without moving to a newer, potentially more expensive suburb.