Property Overview & Appeal

This well-maintained two-storey home on a generous lot in Central River Heights presents a compelling blend of established neighbourhood character and modern updates. Its key characteristics include a renovated basement, a detached garage, and a land area of over 6,000 sqft, which places it in the top 17% for lot size on its street. Built in 1954, the home offers 1,499 sqft of living space.

The primary appeal lies in its location and land. The lot is significantly larger than many in the sought-after Central River Heights area, offering valuable outdoor space and potential. Its recent sale price history, consistently well above average for the neighbourhood and city, reflects strong market confidence in this specific street and property type. The renovated basement adds functional, modern living space without sacrificing the home's original charm.

This property would best suit buyers looking for a established, character home in a prime location who value private outdoor space over maximum square footage indoors. It’s ideal for someone who appreciates having renovation work already started (in the basement) but may be comfortable with a home whose main living areas retain a classic layout. The strong, stable sale price suggests it appeals to buyers viewing it as a long-term investment in a desirable community.

Frequently Asked Questions

1. How does the lot size compare practically?
At 6,042 sqft, the lot is notably larger than the average for both Ash Street and Central River Heights. This translates to more private yard space, greater distance from neighbours, and potentially more flexibility for gardening, landscaping, or future additions like a deck or patio than is typical in the area.

2. The assessed value seems low compared to sale prices. Why?
The municipal assessed value ($54,900) is for taxation purposes and is often significantly lower than market value, especially in appreciating neighbourhoods. The home has sold for $650,000 twice in recent years, which is a much more accurate reflection of its current market value.

3. What does the "renovated basement" likely entail?
While specifics aren't listed, a renovated basement in a home of this era often means it has been finished into a livable space, possibly including a recreation room, additional bedroom, or home office. It suggests key moisture-proofing and foundational updates have been addressed to make the space comfortable and functional.

4. Is the living area sufficient for a growing family?
At 1,499 sqft, the living area is around the average for the street. The layout and number of bedrooms (not specified) will be key. The appeal for a family here is likely balanced between the functional indoor space and the premium, larger-than-average yard—a trade-off some families actively seek in established neighbourhoods.

5. The home sold for the same price in 2022 and 2023. What does that indicate?
This price stability over two sales in a short period is noteworthy. It suggests the 2022 sale price was seen as fair and sustainable, not an outlier, and that the property's value held firm even as the market shifted. This can indicate a well-priced home in a highly desirable, less volatile micro-location.