Property Overview

This 1,406 sqft one-and-a-half storey home on Garlies Street, built in 1937, presents a solid opportunity in the Inkster-Faraday neighbourhood. Its key appeal lies in offering above-average living space for its immediate area, coupled with a recently renovated basement. The home sits on a standard city lot and features a detached garage. The data suggests it is a well-sized property for its specific street and neighbourhood context, often ranking in the top third for living area and value among its closest peers. However, its assessed value is notably below the citywide average, which may indicate different market dynamics or property conditions.

This property would suit a practical buyer looking for a character home with updated fundamentals in an established neighbourhood. It’s ideal for someone who values space over a brand-new build and is comfortable with a home of this era. The numbers suggest it’s a larger-than-average home for the block, which could appeal to small families or those needing flexible space, especially with the finished basement. A buyer with a vision for gradual updates to a structurally sound older home might find it a sensible canvas.

Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The assessed value of $22,800 is a municipal figure for tax purposes and is significantly below the citywide average. Market value is determined by recent sales of similar homes, location, and condition, and will almost certainly be higher. Consult a local realtor for a current market evaluation.

2. What are the implications of the renovated basement?
A renovated basement adds valuable finished living space. It’s important to clarify what “renovated” entails—was it a cosmetic update or did it include critical upgrades like moisture proofing, insulation, and proper egress? An inspection is key to verify the quality and compliance of the work.

3. The home is older—what should I prioritize during an inspection?
For a home built in 1937, an inspector should pay special attention to the foundation, roof age, wiring (ensuring it’s not knob-and-tube), plumbing (original galvanized pipes can be an issue), and the heating system. The integrity of any original windows and insulation levels are also important checks.

4. The lot is smaller than the city average. Is that a drawback?
For this neighbourhood, the lot size is typical. A smaller lot means less exterior maintenance, which can be a benefit for many buyers. It’s worth considering if the yard space meets your needs for privacy, gardening, or recreation, as neighbouring homes are close by.

5. The home ranks well on its street but lower citywide. What does that mean?
This indicates you are looking at a neighbourhood with generally more modestly sized and valued homes compared to the entire city. The property stands out positively within its own community context, which can be a sign of good relative value and stability in that specific market.