355 Drake Boulevard – Property Overview

Key Characteristics & Ideal Buyer Profile

This is a 1,036 sq ft home built in 1958, sitting on a notably large 6,600 sq ft lot. The lot size stands out: it ranks in the top 16% on its street and top 18% within the Windsor Park neighbourhood. That’s a meaningful advantage—most comparable properties nearby sit on roughly 4,600 to 6,000 sq ft. The interior is below average in size compared to others on Drake Boulevard, though it’s close to the community average. The assessed value is in line with the neighbourhood norm (around $351,000), which suggests the price isn’t inflated by lot size alone.

The appeal here lies in the land. For someone who values outdoor space, gardening, expansion potential, or simply more breathing room between neighbours, this property offers a tangible edge that many homes in this range don’t. It also avoids the premium often attached to newer builds, so you’re paying for square footage of land rather than finishes.

This would suit a buyer who is less concerned with a move-in-ready, turnkey interior and more focused on long-term flexibility—whether for future renovations, adding square footage, or just having a substantial yard in a mature neighbourhood. It may also appeal to those comfortable with an older home (1958) who see value in updating over time.

Five Frequently Asked Questions

1. How does the property’s size compare to similar homes nearby?
The living area is below the average on Drake Boulevard (1,169 sq ft) but close to the Windsor Park average (1,091 sq ft). However, the 6,600 sq ft lot is well above average for both the street and the neighbourhood—among the largest in the immediate area.

2. Is the assessed value in line with what I should expect to pay?
The assessed value is around $351,000, which sits close to the neighbourhood average ($354,000) but below the citywide average ($390,000). The lot size may still influence the market price, so it’s worth comparing recent sales rather than relying on assessments alone.

3. What does the “ranking” data actually tell me?
Each ranking compares this home to others within its street, neighbourhood, or city. For example, the lot ranks 9th out of 55 homes on Drake Boulevard (top 16%), meaning 46 homes have smaller lots. Living area ranks lower—44th out of 55 (top 80%)—so most nearby homes are larger. These are raw comparisons, not value judgments.

4. Does the older construction year imply maintenance concerns?
The home was built in 1958, which is older than the street average (1973) but typical for Windsor Park (1961). Age can bring challenges—older wiring, plumbing, insulation, or foundation issues—but also often means more established landscaping and mature trees. A thorough inspection is advisable.

5. Would this property be a good candidate for expansion or renovation?
Yes, primarily because of the lot size. The land is generous by local standards, which may allow for additions, a garage, or a secondary suite, depending on zoning. That kind of potential is less common on smaller lots in the same price range, so it adds flexibility—just verify setback rules and permits with the city.