Key Characteristics & Ideal Buyer Profile

This is a modest, well-maintained home built in 1971, sitting on a below-average lot of 2,959 square feet. Its living area of 672 square feet is similarly compact—ranking near the bottom citywide and within its immediate neighbourhood—but assessed at $243,000, roughly in line with its street’s average. The property’s appeal lies not in generous space or land, but in its solid construction age and a price point that undercuts much of the surrounding area. It would suit a first-time buyer, a downsizer, or an investor looking for an entry-level property in a stable, older neighbourhood where larger homes dominate the market. The trade-off is clear: you get affordability and a home that has held its value relative to peers, but you sacrifice square footage and lot size. For someone who prioritizes location and budget over elbow room, this could be a practical, no-fuss choice—especially if they’re comfortable working within a compact footprint or renovating to maximize what space exists.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The assessed value is $243,000, which is actually slightly above the Beeston Drive average of $240,700, but well below the Margaret Park average of $304,600 and the citywide average of $390,100. So while it’s in line with your immediate street, you’re paying less than homes in the broader area or city overall.

2. Is the small lot size a problem for resale?
It could be, depending on the buyer pool. The lot ranks in the bottom 10% citywide and bottom 6% in the neighbourhood. Buyers who prioritize outdoor space or future expansion may pass it over. However, a smaller lot often means lower maintenance—something that appeals to retirees, single professionals, or part-time residents.

3. Why is the living area so much smaller than the neighbourhood average?
The property was built in 1971, when smaller homes were more common, and it sits on a lot that likely constrained expansion. Margaret Park has many homes averaging over 1,000 square feet, so this unit is an outlier. That’s not necessarily a flaw—just a different offering in a market dominated by larger houses.

4. Are there any hidden costs or maintenance concerns tied to the 1971 build year?
Homes from this era often have original mechanical systems, windows, or roofing unless updated. You’d want to inspect those specifically. The upside is that 1971 construction is generally solid, but be prepared for potential updates to insulation, electrical, or plumbing that may have aged out.

5. How does this property compare to others on Beeston Drive specifically?
On your street, it ranks 5th out of 44 homes for living area (top 11%), but near the bottom for lot size. It’s a standout for interior space relative to immediate neighbours, though those neighbours tend to have larger lots. If you value indoor square footage over yard space, it’s a strong pick on this street.