Property Overview & Key Characteristics

This home at 401 Rougeau Avenue stands out for its significant size and modern age within its established Mission Gardens neighbourhood. Built in 2006, it is notably newer than most surrounding homes, offering modern construction and likely fewer major maintenance concerns in the near term. Its primary appeal lies in its generous 1,785 sqft of living space, which ranks in the top 1% of homes on its street and the top 5% within the Mission Gardens area, providing ample room for families or those who value spacious interiors.

The property’s assessed value is proportionally high for its immediate locale, reflecting its premium position. While the lot size is fairly typical for the area, the combination of a large, modern house on a standard lot creates a specific dynamic: the value is concentrated in the structure itself rather than the land. This home would ideally suit buyers looking for move-in readiness and interior space in a mature neighbourhood, without the desire or need for an expansive yard. It’s a practical choice for those who prioritize a newer roof, windows, and systems over the character of an older home, and for whom indoor living and entertaining space is a key requirement.

Frequently Asked Questions

1. Why is the assessed value so high compared to neighbours?
The assessment reflects the home's relatively recent construction (2006) and its significantly larger square footage compared to the neighbourhood average. Value is driven more by the modern, sizable structure than by the lot.

2. What does the sold price history indicate?
Records show it last sold between $350k-$400k in 2017. This historical price, combined with its current high assessment for the area, suggests it has been consistently valued as a premium property within Mission Gardens.

3. How does the lot size compare to the house size?
With a 4,826 sqft lot, the property has a fairly standard yard for the area. However, the large footprint of the house means a higher percentage of the lot is built upon. This is ideal for low-maintenance outdoor space but may not suit those seeking extensive gardening or recreational yard space.

4. Is this a good option for someone wanting a "forever home"?
Its modern build date (2006) means major components like the roof, furnace, and windows are likely far from needing replacement, offering long-term reliability. The ample interior space also provides flexibility for growing or multigenerational families.

5. What is the potential trade-off of buying a newer home in an older area?
You benefit from modern amenities and efficiency, but the home's architecture and streetscape presence may differ from the neighbourhood's established character. The premium price is for the structure's condition and size, not for a large or appreciating land parcel, which can influence long-term value trends.