Property Overview & Key Characteristics

This home at 651 Consol Avenue presents a distinct profile defined by its contrasts. Its primary appeal lies in its generous, above-average lot size of nearly 6,000 sq ft, which ranks in the top 5% on its own street. This offers significant outdoor space and potential not commonly found in the area. The living area itself is also comfortably above average for both the immediate neighbourhood and Munroe East.

However, this comes with important context. The house is one of the older homes in the area, built in 1920, and its assessed value is notably below average across all comparison levels. This combination suggests a property where the land may hold substantial value relative to the current structure. It last sold in the 2023 price range of $150k-$200k.

This property would best suit a specific type of buyer: those who prioritize land size and see potential in a long-term project. It’s a strong candidate for an investor or homeowner with renovation or redevelopment plans, where the below-average assessment could present an opportunity. It’s less suited for someone seeking a move-in-ready home without any upfront work.

Frequently Asked Questions

1. Why is the assessed value so much lower than the averages shown?
The assessed value is typically based on the property's current state and recent sales. Given the home's age (1920) and its below-average ranking for value, the assessment likely reflects the condition and features of the existing structure, with the land value being a separate component.

2. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 5,933 sq ft is larger than 95% of the 183 comparable homes on Consol Avenue. In practical terms, you're getting significantly more outdoor space than most of your immediate neighbours.

3. The house sold recently in 2023. What might explain a quick resale?
While the exact reasons aren't provided, a recent sale can sometimes indicate an investor flip, a change in owner circumstances, or a property being purchased for its land value with plans that later changed. Reviewing any visible changes to the property since the last sale could be insightful.

4. For a home built in 1920, what should I be most concerned about?
Prospective buyers should prioritize inspections for foundational integrity, the state of major aging systems (like plumbing, electrical, and heating), and the roof. The energy efficiency and potential need for insulation and window updates are also common considerations for homes of this era.

5. How reliable are the "Sold 2023 CA$150k–200k" price figures?
The listing notes these are ranges based on public data and may have gaps. For the exact sold price, you must request it directly from the site via email, as they manually provide the accurate figure from their records.