126 Westwood Drive – Property Summary

Key Characteristics & Buyer Fit

This is a 1,382 sqft home on a notably large 7,279 sqft lot, built in 1965. Its standout feature is the lot: it ranks in the top 15% citywide for land area, and second on its street. The assessed value of $410,000 is above the street average of $320,900, reflecting both the extra land and the home’s condition relative to neighbours. While the living area is generous for the street (top 5%), it sits closer to the city and neighbourhood averages, meaning the house itself is not oversized for the area.

The appeal here is twofold. First, the lot size offers rare breathing room in a mature neighbourhood—space for gardens, a workshop, or future expansion. Second, the property sits between newer infills and more modest post-war homes on the street, giving it a balanced position: above average in value and condition, but without the premium of a full renovation. This makes it a practical choice for buyers who want more land than most, in a stable central neighbourhood, without paying for a completely updated interior. It would suit families looking for yard space, investors eyeing lot value, or anyone who values outdoor room over a larger house.

FAQs

1. How does the lot size compare to other homes in the area?
The lot is 7,279 sqft, which ranks second out of 20 homes on Westwood Drive and in the top 16% within the broader Westwood neighbourhood. Citywide, it’s in the top 15%. That makes it larger than most comparable properties in all three scopes.

2. Is the assessed value of $410,000 realistic, or is it inflated?
It’s above the street average ($320,900) and the neighbourhood average ($392,100), but only slightly above the citywide average. The ranking suggests the value is driven primarily by the lot and the home’s age and size, not by recent upgrades. It likely reflects a fair market assessment for a property with these dimensions.

3. What does “comparable homes” mean in these rankings?
The analysis groups homes by similar type (single-family, similar age range, and location). The “average” used is a rough median benchmark for that group. So the comparisons are relevant to homes you’d reasonably cross-shop, not to every house in the city.

4. The house was built in 1965. Should I expect major updates?
Possibly. The year built is slightly newer than the street average (1961) but close to the neighbourhood and city averages (both 1966). Many homes of this vintage have had some updates, but the data doesn’t show whether major systems (roof, furnace, windows, foundation) have been redone. A home inspection would be wise.

5. What’s the neighbourhood like in terms of character and future value?
Westwood is a mid-century residential area with a mix of original homes and newer infills. The large lot here positions it well for future value growth, especially if the area sees more redevelopment. However, it’s not a high-demand, trendy district—so appreciation may be steady rather than rapid. The street ranking (top 5% for living area, top 10% for value and lot) suggests this property is already a standout within its immediate block.