Property Overview

This two-storey home at 863 Aldgate Road in Dakota Crossing is a standout property defined by its generous space and prime positioning within its neighbourhood. Built in 2004, it features a renovated basement, an attached garage, and sits on a large 7,236 sqft lot—a rarity that places it in the top 1% for land size on its street. With over 2,300 sqft of living area, it offers significantly more interior space than most comparable homes locally. Its appeal lies in this combination of a modern, spacious footprint and a substantial, private yard, all within a well-established area. The property’s assessed value reflects its premium standing. This home would best suit buyers looking for a move-in ready family home where both indoor and outdoor space are priorities, without the need for a full renovation or the premium of a brand-new build.

Key Details & FAQs

Key Characteristics & Appeal
The core strength of this property is its above-average scale in every dimension. The living area is exceptionally large for the area, offering room for growing families or those who value ample personal space. The lot size is its most distinctive asset, providing outdoor potential that is increasingly hard to find. While the home is not the newest on the block, its 2004 build date means it benefits from modern construction standards while being past the stage of initial settling or builder warranties. It suits buyers who want a "larger than average" home in a mature neighbourhood, offering more house and land for the dollar than newer subdivisions, and is ideal for someone who might otherwise consider an addition or major renovation elsewhere.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. The home last sold in 2020 for $50,500, but its current assessed value of $59,500 and its elite rankings for size and lot suggest market value would be significantly higher, based on recent sales of comparable properties.

2. What does the "Elite" ranking for living area actually mean?
It means this home's interior square footage is larger than 99% of similar two-storey homes on Aldgate Road, 98% in Dakota Crossing, and 96% city-wide. You are getting a home that is genuinely in the top tier for space compared to its peers.

3. Is the renovated basement a legal suite?
The provided details confirm a renovated basement but do not specify if it is a legal, rentable suite. This is a critical point to verify with the listing agent or city records, as it impacts value, insurance, and potential rental income.

4. The home is 20 years old. What major systems might need attention?
While modern, a 2004 home may be approaching the service life of original components like the roof, HVAC system, and major appliances. A thorough home inspection is recommended to assess the condition of these items.

5. Why is the lot size such a highlighted feature?
A lot of over 7,200 sqft in this area provides unusual privacy, space for landscaping, gardening, or recreational additions like a large deck or play structure. It also offers future potential (subject to zoning) and is a permanent asset that cannot be replicated in newer, denser subdivisions.