Property Overview

This 1974-built, one-storey home in Vialoux sits on a generous 6,049 sqft lot and offers 1,338 sqft of living space with a finished basement. Its appeal lies in a combination of space, established character, and relative value. The large lot is a standout feature for the area, offering significant outdoor potential. While the home's interior size is modest, the finished basement adds functional living space. Its strongest rankings are for lot size and being newer than most homes on its street, suggesting a well-situated property in a mature neighbourhood.

It would suit first-time buyers or downsizers looking for a manageable single-level layout with room to grow outdoors, and value-oriented buyers who see potential in the existing structure and land. It's a practical choice for those who prefer established communities over new subdivisions.

Key Questions & Considerations

1. What is the true condition of the major systems? Given the home's age of over 50 years, prospective buyers should prioritize inspections of the roof, foundation, plumbing, and electrical systems to understand any upcoming maintenance or updates required.

2. How does the finished basement feel? Since it adds crucial living area, assessing the ceiling height, natural light, moisture control, and the quality of the finish will determine if it feels like a comfortable living space or just supplemental storage.

3. What are the opportunities and costs for the large lot? The lot is a major asset. Buyers should consider if they want low-maintenance landscaping or have plans for gardens, patios, or even future additions, and budget accordingly.

4. Why is the assessed value notably lower than the asking price? With an assessment of $428,000, buyers should understand the seller's rationale for the listed price. This involves reviewing recent sales of comparable homes in the area, not just assessments, to gauge the market value.

5. What is the balance between "established" and "needs updating"? The home likely has enduring qualities from its era but may also have dated elements. Creating a realistic budget to align any desired updates with the home's practical strengths is a key next step.