Property Overview

This two-storey home on Wellington Crescent in the McMillan neighbourhood offers a blend of established character and modern updates. Its key appeal lies in its prime location, with the street ranking in the top 1% locally, suggesting a highly desirable address. The home itself, built in 1977, sits on a generous 1,705 sqft lot and features 1,548 sqft of living space, including a renovated basement. A detached garage adds practical convenience.

The property suits buyers looking for a solid, updated home in a prestigious location without the maintenance demands of a century-old character house. Its assessed value is notably lower than some neighbouring properties, which could indicate an opportunity for equity growth in a top-tier street. It’s a practical choice for professionals or small families who value location and move-in readiness over ultra-modern design or the largest square footage on the block.

Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The assessed value of $38,100 is a municipal figure for tax purposes and is typically below market value, especially on a high-ranking street like Wellington Crescent. It should not be used as a direct price indicator.

2. The home was built in 1977. What should I be aware of?
While the basement is renovated, a home of this age may have original major systems (like roofing, windows, or plumbing) that are nearing the end of their lifespan. A thorough inspection is advised.

3. What are the benefits of a detached garage?
It provides flexible storage or workshop space separate from the house and can be safer for parking vehicles used for hobbies or projects. However, it means going outside to access your vehicle in winter.

4. The lot is large for the area. What does that mean for me?
The 1,705 sqft lot size ranks very well, offering more outdoor space than many neighbouring properties. This allows for greater privacy, gardening potential, or future expansion like a deck or addition, subject to bylaws.

5. Why is the assessed value lower than some nearby, older homes?
Assessed value is based on many factors, including building size, condition, and improvements. Some older, larger homes may have a higher assessed value due to their square footage, while others may be lower due to condition or specific attributes. It highlights the importance of viewing the property in person to understand its unique value.