Property Overview: 504 Queenston Street, Central River Heights

Section 1: Key Characteristics & Appeal

This is a classic, well-situated one-storey home in the sought-after Central River Heights neighbourhood. Built in 1951, it sits on a standard city lot and features a renovated basement and a detached garage. The primary appeal lies in its location—a quiet, established street within a highly desirable area known for its amenities, character, and community feel. With a living area of just over 1,000 sqft, the home is compact, suggesting a efficient layout.

This property would suit a specific buyer: first-time homeowners or downsizers seeking an entry point into a premium neighbourhood without the premium square footage. Its below-average assessed value relative to the street indicates a potential value opportunity for those willing to invest in updates over time. The renovated basement adds functional space, which is a significant asset in a smaller home. It’s ideal for buyers who prioritize location and lot over a large interior, and who see the charm and long-term value in a character home that they can personalize.

Section 2: Frequently Asked Questions

1. Is the house small compared to others in the area?
Yes. At 1,014 sqft, the living area is notably smaller than the average home on Queenston Street and in Central River Heights. This is a key factor in its pricing and represents a trade-off for the location.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and whether it includes added amenities like a bathroom or separate entrance.

3. How does the assessed value relate to the likely sale price?
The home last sold in late 2020 for $39,600 and is now assessed at $41,900. In a competitive neighbourhood, the final sale price is typically determined by current market demand and may be significantly higher than these figures, which are for municipal tax purposes.

4. What is the typical condition of a 75-year-old home like this?
Homes of this vintage offer charm but require diligent maintenance. Buyers should budget for potential updates to major aging components like plumbing, electrical, windows, and the roof, even with a renovated basement.

5. Who might this home not suit?
It may not be ideal for families needing multiple large bedrooms or extensive living space, or for buyers seeking a move-in-ready home with modern, open-concept layouts. It best fits those comfortable with a cozier footprint or a longer-term renovation project.