Property Summary: 47 Pontiac Bay

1. Key Characteristics, Appeal, and Ideal Buyer Profile

This is a 1966-built home. It has 1,072 sq ft of living space on a 5,400 sq ft lot. The property sits below the average for its street and neighbourhood in terms of both living area and lot size, but its size is close to the citywide average.

The main standout here is the construction year. The home is older than nearly all other properties on Pontiac Bay (ranked 2nd out of 28), making it one of the earliest-built homes in that immediate area. The assessed value (and therefore tax base) is below both the street and neighbourhood averages, which could appeal to someone looking for lower property taxes relative to the local market.

The appeal is less about having the largest or newest home and more about affordability and character. In a street full of homes from the same era, this one offers a lower entry point for both purchase price and ongoing tax costs. The lot size is small for the street but average for the city, suggesting the surrounding homes are on larger-than-typical plots.

This property would suit a buyer who prioritizes a lower tax burden and is less concerned with having maximum square footage or a big yard. It fits someone looking for a solid, older home in a well-established neighbourhood, possibly a first-time buyer, a downsizer, or an investor interested in a house with a good bones profile in a street where most homes are larger and more expensive.

2. Five Possible FAQs

Is this a fixer-upper, or is it ready to move in?
The data here doesn't cover condition or renovations. What it does show is that the home is one of the oldest on the street. That often means original features, but it also means potential deferred maintenance. You'd need a viewing and inspection to know if it's move-in ready or a project.

Why is the assessed value lower than the street average but close to the city average?
The home has a smaller living area and lot size than most of its immediate neighbours. That pulls its assessed value down relative to them. Across the city, a 1,072 sq ft home on a 5,400 sq ft lot is closer to the norm, so the value aligns more with the city benchmark.

Would I be buying into a neighbourhood of newer, larger homes?
No. The street average build year is also 1966, so this is an area of similar vintage homes. However, most other homes on the street are larger in both living space and lot size. You'd be buying one of the smaller, more affordable homes in a street of comparably-aged houses.

How does the property tax compare to other homes in Westwood?
It would be below average for the neighbourhood. The assessed value (the basis for property taxes) is ranked in the bottom 23% of Westwood homes. For a buyer watching monthly costs, that’s a meaningful difference.

Could this be a good rental investment?
The lower purchase price and below-average taxes improve cash flow potential, but the smaller size and lot may limit how high the rent can go compared to larger neighbours. It would work best as a rental if the neighbourhood commands strong rents per square foot or if the property can be improved to increase its value.