Property Overview

168 Cambie Road is a well-situated, one-storey home in the Meadows neighbourhood. Its primary appeal lies in its balance of a generous, 5,100 sqft lot with a recently renovated basement, offering immediate livability and room to grow. The home suits first-time buyers seeking a solid starter with upgrade potential, or downsizers looking for a manageable single-level layout without sacrificing yard space. A thoughtful perspective is its strong ranking for lot size on its street (top 47%), which is a fixed asset in a neighbourhood of established homes, suggesting better long-term value retention than the interior square footage alone might indicate.

Key Details & FAQs

• Key Characteristics: Built in 1983, the home features 1,076 sqft of living space, an attached garage, and a renovated basement. Its assessed value is notably lower than its 2021 sale price, which may present an opportunity.
• Target Buyer: Ideal for practical buyers who prioritize lot size and a move-in-ready basement over a large main-floor footprint. It’s a property where the land and the finished lower level are the standout features.

Frequently Asked Questions

1. How does the property compare to others on the street?
The home ranks highly for its lot size (top 47% on Cambie Road) and its most recent sold price was in the top 8% for the street. However, its living area is more modest, placing in the top 67%.

2. What does the "renovated basement" typically mean for a home of this age?
While specifics require a viewing, in a 1983 home this often indicates updated essentials like flooring, drywall, and lighting, potentially adding a second living area or bedrooms. It’s a key feature that adds functional space without a future project for the buyer.

3. The assessed value is significantly lower than the 2021 sale price. What does this indicate?
This is not uncommon and reflects different valuation methods. The sale price is a past market transaction, while the assessment is for tax purposes and can lag behind current market trends. It does not directly predict the current listing or sale price.

4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or extensive main-floor square footage may find the original 1983 floor plan limiting. The value here is more in the land and the renovated basement than in a recently updated main living area.

5. Are the nearby comparison properties similar?
The listed comparisons are primarily from the same neighbourhood and of similar vintage, useful for gauging area norms. Notable differences include some having more living space (like 1,262 sqft at 20 Cambie) or a much newer build (2011 at 75 Tommy Douglas Drive), which helps contextualize this home’s positioning in the local market.