28 Alderwood Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1955 bungalow with 781 square feet of living space on a large 7,326-square-foot lot in Windsor Park. The property stands out most for its land: the lot ranks #1 on Alderwood Road and in the top 3% on the street, top 9% in the neighbourhood, and top 14% citywide. For buyers who value outdoor space, gardening, or future expansion potential, this is the primary draw. The home itself is compact and older—its construction year is among the earliest on the street (top 3%), meaning it’s a fixer-upper or a candidate for renovation rather than a move-in-ready modern home. The assessed value of $345,000 sits above the street average but below neighbourhood and city averages, reflecting a modest price point relative to land value. This property would suit buyers who are comfortable with a renovation project, prioritize yard size over interior square footage, and see long-term value in a large lot in an established neighbourhood. It may also appeal to investors looking to hold land in a stable area. The living area is below average at every level, so it’s not a fit for anyone needing generous indoor space without adding an extension.

Five Possible FAQs

1. How does the lot size compare to other homes in the area?
It’s significantly larger than most. On Alderwood Road, the average lot is about 5,487 sqft—this one is 7,326 sqft, ranking #1 on the street. In Windsor Park, it sits in the top 9%, and citywide it’s in the top 14%. If you’re looking for a property with room for a workshop, garden, or future expansion, this is a standout.

2. Is the house livable as-is, or does it need major work?
The data doesn’t include a condition report, but the home was built in 1955 and is older than most in the neighbourhood (top 96% oldest). That suggests it may need updates to systems, insulation, or finishes. A home inspection would be essential to assess the actual livability. The assessed value is moderate, which may reflect the age and smaller footprint.

3. Why is the assessed value above the street average but below the neighbourhood average?
Street-level values are influenced by a small number of comparable homes, and this property’s large lot likely pushes it above that small sample. At the neighbourhood level, there’s more variation, and newer or larger homes bring the average up. Citywide, the average is higher still. So this home offers better value relative to its street than to the broader market.

4. What does the “Top X%” ranking actually mean for resale or investment?
The rankings are percentiles. For example, “Top 14%” for lot size means the lot is larger than 86% of comparable properties citywide. That kind of scarcity can support long-term appreciation, especially if the area densifies or land values rise. The flip side is the small living area and older build may limit resale appeal unless upgraded.

5. How does the living area compare to typical homes in Windsor Park?
It’s considerably smaller. The neighbourhood average is 1,091 sqft, and this home is 781 sqft—about 28% below the norm. Citywide, comparable homes average 1,342 sqft. If square footage is a priority, this property will feel compact. However, the large lot offers room to add space through a renovation or second-storey addition, assuming zoning permits.