69 Red Oak Drive

Property Overview & Key Characteristics

This one-storey home at 69 Red Oak Drive in Springfield South is a practical and well-situated property. Its primary appeal lies in its balance of a generous, nearly 3,000 sqft lot and a recently renovated basement, offering immediate livability and room for personalization. The home itself is modest in size at 957 sqft, making it efficient to maintain. Key data points show it ranks highly for lot size within its immediate neighbourhood and street, suggesting a premium outdoor space for the area. Built in 1977, the house is a solid, established property in a mature community.

This home would suit first-time buyers looking for a manageable footprint with a move-in-ready basement, or downsizers seeking a single-level layout without sacrificing yard space. It also presents a compelling option for value-focused buyers who prioritize land size and see potential in updating the main living areas over time. The strong rankings for lot size versus the more average rankings for the building itself indicate a property where the land is a significant part of the value proposition.

Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era typically means finished living space, possibly including a rec room, additional bedroom, or updated bathroom. It's a key feature that adds immediate functional space.

2. How does the assessed value relate to the listing price?
The assessed value of $28.7k is for municipal tax purposes only and is typically much lower than the market value and listing price. It's useful for comparing property taxes with the nearby reference homes provided, not for determining sale price.

3. The living area is smaller than some comps. Is that a concern?
The 957 sqft living area is compact but efficient. The renovated basement effectively expands the usable space. This can be an advantage for those wanting lower utility costs and less maintenance, with the basement and large lot providing room to grow.

4. The home is nearly 50 years old. What should I consider?
While the basement is renovated, the core systems (roof, windows, plumbing, electrical) of a 1977 home should be carefully inspected. Their condition will be a major factor in understanding any required immediate or near-future investment.

5. What is the neighbourhood like?
Springfield South is a mature, established neighbourhood. The high ranking for the lot size within this area suggests the property is on a particularly spacious street or block, offering more privacy and outdoor potential than is typical there.