Here is a clean, standalone summary of the property, written in a natural and grounded tone.

Property Summary

Key Characteristics & Ideal Buyer

This is a 1,330 sqft home built in 1924, situated on a generous 5,679 sqft lot. Its main appeal is the balance of size and value. The living area is well above the average for its street and neighbourhood (ranking in the top 10% locally), offering more interior space than most nearby homes. However, its assessed value sits noticeably below the local average—roughly 25% less than the median for the area. This suggests a property with good bones and solid square footage that may need updates or has a less premium finish, rather than a turn-key high-value flip.

The lot size is average for the street but above average for the wider St. George area and city, giving it a slight edge for outdoor space. The 1924 build date is older than most homes on the street and in the neighbourhood, which is a key factor to consider for maintenance and character.

This property would suit a buyer who prioritises space and location over a modern, move-in-ready finish. It’s a good fit for someone willing to invest sweat equity or budget for renovations, looking to secure a larger floorplan in a solid area without paying a premium for a recently updated home. It is less suited for someone seeking a low-maintenance, contemporary property or a high-value investment for immediate resale.

Frequently Asked Questions

1. Why is the assessed value so much lower than the area average when the living area is larger?
Assessed value is not just based on square footage—it considers condition, updates, kitchen and bathroom quality, and overall market desirability. A 1924 home with original or dated systems, windows, or finishes will appraise lower than a similarly sized but fully renovated house. The value gap here likely reflects deferred maintenance or a lack of major upgrades, rather than a problem with the location or lot.

2. Is a 1924 house a risky purchase?
Not necessarily, but it requires due diligence. Homes of this era often have solid framing and good materials, but may have older electrical, plumbing, and insulation. Check for updated wiring, lead pipes, and the condition of the foundation. The upside is that these homes often have better craftsmanship than newer builds, and the large lot suggests room for additions or redevelopment if needed.

3. How does this property compare to others on St. Louis Road and in St. George?
On its street, it ranks in the top 10% for living area but among the lowest 3% for assessed value—creating a clear discrepancy. In St. George, it also ranks in the top 8% for size but the bottom 8% for value. This means you’re getting one of the bigger homes in the area for a price that reflects a fixer-upper or dated property, not a premium home.

4. What does the lot size mean in practical terms?
At 5,679 sqft, the lot is average for the immediate street but above average for the neighbourhood and city. This gives you a decent backyard, potential for a garage or workshop, and more flexibility than many newer subdivisions offer. It also means the property may have more future redevelopment potential than smaller lots nearby.

5. Who would be out of place buying this home?
It would be a stretch for buyers wanting a low-maintenance, modern home with no immediate work needed. Also, if you’re looking for a property that will appreciate quickly or rank high in assessed value relative to your purchase price, this home may lag behind renovated peers until significant improvements are made. It’s a better match for hands-on owners or those with a clear renovation plan.