1282 Paterson Street – Property Summary

Key Characteristics and Buyer Profile

This is a 1966-built home in Windsor Park with 1,509 square feet of living space on a 6,370-square-foot lot. Its assessed value sits at $357,000.

The property’s main strength is its size. The living area ranks in the top 8% on its street and top 4% across the broader Windsor Park neighbourhood—significantly larger than the average home in the area. The lot is also notably spacious, coming in above average both locally and citywide.

Where the home is more ordinary is its assessed value and year built. The value is right around the middle of the pack for the street, neighbourhood, and city, which suggests the price reflects the home’s condition or finishes rather than any premium for size. The 1966 construction date is typical for the street but older than many nearby homes.

What stands out less obviously: The living-area-to-lot-size ratio is worth a closer look. With a house that’s large for the neighbourhood sitting on a lot that’s also generous, you’ve got flexibility. This could appeal to someone who wants the existing square footage without feeling cramped on the property, or to a buyer who sees potential for future expansion—the lot offers room to work. Conversely, if the home’s interior is dated, the assessed value suggests you’re not overpaying for the space.

Best suited for: Buyers who prioritize interior square footage and outdoor space over a recently updated or trendy home. Also a good fit for someone who wants a solid, mid-century structure in an established neighbourhood and is willing to invest in cosmetic updates over time. Less ideal for someone looking for a turnkey property or a home that already commands a premium on paper.

Frequently Asked Questions

1. How does this home’s size compare to others I might find nearby?
   It’s substantially larger than average. On Paterson Street, it’s the biggest house among 13 comparable homes. In the Windsor Park area, it’s in the top 4% for living area. You’d have to look at newer or higher-priced pockets of the city to find similar square footage.

2. Is the assessed value a fair reflection of what I’d pay?
   The assessment is around average for the street and neighbourhood, which often means the market price won’t carry a big premium or discount based on size alone. That said, assessed value doesn’t account for interior condition, renovations, or curb appeal—so you’ll want to factor those in when comparing to the asking price.

3. What’s the lot actually like at 6,370 square feet?
   It’s above average for Windsor Park and the city as a whole. On the street, it’s typical. For context, that’s enough space for a decent backyard without being excessive. It also gives you options if you’re thinking about a garage, workshop, or garden—something a tighter lot wouldn’t allow.

4. Is 1966 considered old for a house in this area?
   It’s right in line with the street average, but the neighbourhood has a mix of older and newer homes. Windsor Park has homes from the 1950s through the 1970s, so this sits comfortably in the middle. The house is newer than about 93% of homes in the immediate area, which means it’s not one of the oldest on the block, but you’re still looking at a 60-year-old structure.

5. What should I look for during a viewing given the age and size?
   Beyond the usual checks, focus on how the larger living area is laid out. Bigger homes from the 1960s sometimes have awkward floor plans or inefficient use of space. Also check the mechanical systems—furnace, roof, windows—since the assessed value doesn’t indicate if those have been updated. The lot size means there’s room for additions or a garage, but verify setbacks and zoning before planning anything.