4917 Roblin Boulevard

Property Overview: 4917 Roblin Boulevard

Key Characteristics, Appeal & Ideal Buyer

This is a classic, well-maintained two-storey home built in 1948, situated on an exceptionally large, mature lot of over 16,700 square feet in the established Ridgedale neighborhood. Its primary appeal lies in the rare combination of a generous, private yard and a solid, updated foundation with a finished basement. The home itself offers a comfortable 1,666 sqft of living space and a detached garage. Recent market activity is strong, with a sale in September 2024 at $625,000, significantly above its assessed value, indicating high desirability.

The property suits buyers looking for established character and outdoor space over modern finishes. It’s ideal for a family or multi-generational household that values room for gardens, play, or future expansion more than a brand-new build. The stats reveal a compelling contrast: while the house is older than most in the area, its lot size, living space, and recent sale price rank it in the top tiers locally. This suggests you’re investing primarily in the land and location, with a livable home that has proven, updated systems. It’s a property for those who see potential in space and stability, not just immediate turn-key perfection.

Frequently Asked Questions

1. The house was built in 1948. What should I know about its condition?
While the age suggests potential for older components, the recent sale well above assessment and the presence of a finished basement point to significant updates and maintained systems. A thorough inspection is essential, but the property appears to be a cared-for home rather than a fixer-upper.

2. How does the large lot size impact the property?
The nearly 1/3-acre lot is a major asset, offering unparalleled privacy and space for recreation or landscaping in the city. It also represents a long-term value, as lots of this size are increasingly rare. Consider that maintenance (lawn care, gardening) will require more time or expense.

3. The home ranks highly for value but low for age. What does this mean?
This contrast is key. It means that while the structure itself is older, its overall package—lot size, living space, and market value—is highly competitive. You are likely paying for the land, location, and the home’s usable condition, not for a recently built structure.

4. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. It likely adds valuable flexible living space, such as a family room or extra bedrooms, but you should verify its permitted uses with the city if considering a rental.

5. Why did it sell for so much above its assessed value?
Assessed value is for taxation and often lags behind the market. The sale price reflects what competitive buyers were willing to pay for this specific combination of a huge lot in a desirable area, a solid home, and the strong overall market conditions at the time of sale.