Property Overview: 16 Premier Place

Key Features & Buyer Profile

This 1963-built, four-level split home in Kildare-Redonda offers 1,654 sqft of living space, which is notably larger than most comparable homes in its immediate area and neighbourhood. Its key characteristics include a renovated basement and a detached garage. The home sits on a 5,000 sqft lot.

The primary appeal lies in its spacious interior relative to its local market. The living area ranks in the top 5% on its own street and the top 1% within Kildare-Redonda, meaning it offers more room than the vast majority of similar homes nearby. This is a significant advantage for buyers seeking space without necessarily moving to a newer, more sprawling suburb. The renovated basement adds functional, modernized living area. While the lot size is slightly below average for the street, the home’s assessed value is consistently above average for both the street and the neighbourhood, suggesting its improvements and size are recognized.

This property would best suit practical buyers who value interior space over a large yard, and who appreciate a home with some updated features in a well-established neighbourhood. It’s a strong option for those comparing older homes and who see the value in a floorplan that offers more square footage than is typical for the area.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
Very favourably. With 1,654 sqft, this home is larger than approximately 99% of comparable homes in the Kildare-Redonda neighbourhood and 95% of those on its own street. It offers significantly more interior space than the local averages.

2. What is the property’s recent sales history?
Public records indicate the home sold between September 2023 for a price in the range of $345,000 to $375,000. The exact sale price can be provided upon request.

3. Is the lot size a drawback?
The 5,000 sqft lot is slightly smaller than the average on Premier Place but is very close to the average for the broader Kildare-Redonda neighbourhood. It represents a trade-off, with the property’s advantage being allocated to interior living space rather than outdoor land.

4. What does the “above average” assessed value indicate?
The home’s assessed value of $344,000 ranks above average for both the street and the neighbourhood. This generally reflects that its combination of size, renovations, and condition is valued higher than many surrounding properties, which can be a positive indicator of its standing in the local market.

5. Are there any similar properties for comparison?
The listing references a nearby property at 748 Wayoata Street for general reference (built the same year, similar assessed value, but with less living space). Other homes with identical assessed values are listed in areas like Varsity View and Elmhurst, providing a city-wide context for value.