1. Key Characteristics, Appeal, and Buyer Profile

This is a 1901-built home in West Alexander with 1,188 square feet of living space on a 2,430-square-foot lot. The living area sits slightly above the average for its own street, but around the middle of the pack within the broader neighbourhood and city. The property’s standout feature is its low assessed value—the tax assessment of $105,000 is well below average for the neighbourhood ($187,000) and dramatically below the citywide median ($390,000). The trade-off is an older structure (built 1901) and a land area smaller than typical for both the area and the city.

The appeal lies in affordability of entry and lower property tax burden. For a buyer who values keeping carrying costs down, this home offers a way into a central neighbourhood without the premium often attached to newer or larger properties. It suits a buyer comfortable with an older home—someone willing to work within its vintage dimensions and layout rather than seeking a fully modernized or expanded footprint. First-time buyers, investors looking for lower-cost rental stock, or buyers prioritizing tax efficiency over square footage would find this property sensible.

2. Five Possible FAQs

1. How do the property taxes compare to other homes nearby?
The assessed value of $105,000 is significantly lower than the neighbourhood average of $187,000 and the city average of $390,000. In the immediate street context, it sits close to the median. This translates to lower annual property tax costs relative to most comparable homes in West Alexander.

2. Is the 1901 build a concern from a maintenance perspective?
A home of this age will typically require ongoing attention to systems like wiring, plumbing, and insulation. The data shows it is among the oldest on the street and in the neighbourhood. A thorough home inspection is recommended to understand the current condition of the foundation, roof, and mechanical systems before purchase.

3. How livable is 1,188 square feet for a family?
That size is efficient rather than spacious. It is above average for Nora Street but below the city median. It would suit a couple, a small family, or someone looking to downsize. Larger families or those needing dedicated home office space may find the layout tight without renovations.

4. Why is the land area smaller than typical for the neighbourhood?
At 2,430 square feet, the lot is smaller than both the community average (3,591 sqft) and the city average (6,570 sqft). This is common for older infill properties in central areas. It means less yard maintenance, but also less room for extensions or large-scale landscaping.

5. How does this property rank against others nearby in terms of value?
The home ranks well in its street for living area (top 25%) but low in assessed value (bottom 10% in the neighbourhood). This combination suggests a property with decent interior space relative to its street that is currently under-assessed compared to its neighbours—potentially offering value if the assessment remains stable.