Property Overview & Key Characteristics

This one-storey home on a mature 5,000 sqft lot in Kildare-Redonda presents a practical and appealing opportunity. Its key appeal lies in a combination of space, location, and value. The fully renovated basement adds significant functional living area to the 980 sqft main floor, a notable advantage in this market. The detached garage and sizable lot offer flexibility for parking, storage, or outdoor enjoyment.

The home suits first-time buyers seeking a move-in-ready property with extra space to grow into, or downsizers looking for single-level living with a finished lower level for guests or hobbies. Its assessed value sits comfortably in the middle range for the area, suggesting a fair market position. A thoughtful perspective is the lot's ranking: while the home itself is average in size for the street, the property land area is in the top 30% on the block, indicating more outdoor space than many neighbours—a valuable and irreversible asset. The established neighbourhood, with homes primarily from the 1960s, offers stability and a sense of community.

Frequently Asked Questions

1. How does the property's age affect maintenance?
Built in 1963, the home is part of an established neighbourhood. While the renovated basement is a major plus, prospective buyers should budget for and inspect age-related components like the roof, windows, and major systems, which may be nearing or past their typical lifespans.

2. Is the living space smaller than average?
At 980 sqft above grade, the main floor is compact. However, the renovated basement effectively doubles the usable living area, which is a critical factor to consider when evaluating total space versus price per square foot.

3. What does the "rank by area" data mean for the lot?
The lot is 5,000 sqft and ranks in the top 30% on its street for size. This means it's larger than most properties on the block, offering more private outdoor space—a premium in mature neighbourhoods where lot sizes can vary.

4. Who might the detached garage appeal to most?
Beyond standard parking and storage, a detached garage is ideal for hobbyists, woodworkers, or anyone wanting a separate workspace without noise or fumes entering the main house. It also offers potential for future conversion, subject to local bylaws.

5. How does the assessed value compare to similar homes?
The assessed value is slightly below the average for similar nearby homes in Kildare-Redonda, as shown in the comparable listings. This can sometimes indicate a value opportunity, but it's essential to understand why—such as the home's smaller above-grade footprint—and to determine current market value through a professional appraisal and recent sales data.