5567 Betsworth Avenue

Property Overview

This 1971-built, one-storey home in Roblin Park offers a practical, no-frills living proposition. Its key appeal lies in a generous 6,138 sqft lot, providing significant outdoor space that is rare for many homes in the city. With 1,120 sqft of living space and an unfinished basement, it presents a straightforward layout with clear potential for future customization. The home lacks some modern upgrades and features like a garage or pool, positioning it as a value-oriented opportunity.

Its primary suit would be a first-time buyer, an investor, or a hands-on homeowner looking for an affordable entry into a established neighbourhood with the intention to renovate or expand over time. The large lot is a standout asset, offering possibilities for gardening, recreation, or even future additions, making it particularly appealing for those who prioritize outdoor space over a move-in-ready interior. It’s a home that trades immediate polish for long-term potential and lot size.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It is a blank canvas with basic structural elements (foundation, utilities) completed, but without finished walls, floors, or ceilings. This allows a new owner to design and finish the space to their specific needs, whether for storage, a future family room, or additional bedrooms.

2. How does the home's age impact a purchase decision?
Built in 1971, major components like the roof, windows, and mechanical systems (furnace, electrical) may be near or past their typical lifespan. A thorough inspection is crucial to understand the condition and budget for potential updates, which is a key part of the home's value proposition.

3. The lot size is large, but what are the practical implications?
Beyond simple outdoor space, a lot of this size (over 6,000 sqft) can offer privacy from neighbours, room for a future detached garage or workshop, and significant landscaping potential. It also may provide better natural light and airflow around the home compared to tighter lots.

4. The rankings show the home is in the top 97% of the community for lot size, but the bottom 4% for assessed value. What does this mean?
This contrast highlights the property's current state: it possesses a highly desirable asset (the large lot) that ranks among the best in the area, but the assessed value of the existing structure is among the lowest. This often indicates the home itself is viewed as needing improvement, reinforcing its status as a property where the land holds a substantial portion of the value.

5. Is the lack of a garage a major drawback?
For some buyers, yes. However, the large lot presents a clear opportunity to add a detached garage or carport, subject to local bylaws. For others, especially in a neighbourhood like Roblin Park, on-street parking may be sufficient, and the trade-off for more yard space is acceptable.