Property Overview

This two-storey home on Taft Crescent in Lord Roberts presents a practical opportunity in a well-regarded neighbourhood. Built in 1976, it offers 1,059 sqft of living space on a 1,275 sqft lot. Key features include a basement (unrenovated) and no garage. Its assessed value is notably below many comparable area listings, which is a defining characteristic.

Key Characteristics & Appeal

The primary appeal lies in its position within the highly sought-after Lord Roberts neighbourhood, where it represents a more accessible entry point. The home suits buyers looking for a solid foundation in a prime location, willing to take on updates over time. It’s particularly fitting for a first-time buyer or an investor seeking a property in a stable area with strong long-term value, rather than a turn-key solution.

A less obvious perspective is the value of its lot size. At 1,275 sqft, the land area ranks in the top quarter of the street, offering better-than-average outdoor space for the area, which is a significant asset. Furthermore, while the home itself is middle-of-the-road in size for the street, its 1976 build date makes it newer than 96% of the houses on Taft Crescent, suggesting potentially fewer immediate concerns with aging infrastructure compared to the many century-old homes nearby.

Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The assessed value is a municipal figure for tax purposes. Given it's in the lower percentile for the street and neighbourhood, it suggests a value-conscious starting point, but market value will be determined by current condition, demand, and recent sales of comparable homes.

2. What are the implications of having an unrenovated basement?
This indicates the basement is in original or functional condition but not modernized. It presents both a project opportunity and a space that can be used or finished according to a new owner's budget and vision, without needing to undo recent but potentially low-quality renovations.

3. What is the parking situation without a garage?
The property likely relies on street parking or a driveway. It’s advisable to confirm on-site parking options and review any local street parking permits or restrictions common in established neighbourhoods.

4. Why is the lot size considered a key feature?
In dense, mature neighbourhoods like Lord Roberts, land is at a premium. A lot size that ranks in the top 27% on the street means more private outdoor space than most neighbours—a valuable commodity for gardening, entertaining, or future expansion.

5. How does this 1976 home compare to the older character homes in the area?
It offers a different trade-off. You may forgo the classic architectural details of an older home, but you likely gain more modern wiring, plumbing, and insulation standards from the outset, which can mean lower immediate maintenance costs and easier renovation.