70 Maralbo Avenue E – Property Summary

Key Characteristics & Buyer Profile

This 1983 home offers 938 square feet of living space on a notably large 4,998-square-foot lot. While the living area sits slightly below city averages, the land size stands out—ranking 4th out of 50 homes on the same street, which places it in the top 8% locally. The assessed value of $362,000 is above the Worthington neighbourhood average of $315,300, ranking in the top 25% of the area. That suggests the value is being driven more by the lot than the house itself.

The appeal here is practical rather than flashy. It’s a solid, middle-of-the-road home in terms of age and size, but with a property footprint that gives you room to breathe. For someone who values outdoor space—gardening, storage, future expansion, or just distance from neighbours—this lot offers more flexibility than most comparable homes in the district.

This property would best suit a buyer who is comfortable with a moderately sized home and prioritizes land value. It might also appeal to someone looking for a property that could benefit from a renovation, given that the structure is over 40 years old and the living area is modest by current standards. Not a fixer-upper necessarily, but a home where you could add real value by reworking the interior while keeping the desirable lot.

Frequently Asked Questions

1. How does the living area compare to other homes nearby?
It's around average for the street and neighbourhood. The 938 sqft is below the citywide norm, but still falls within the typical range for Worthington, where the average is 1,082 sqft. You're not cramped, but you're also not getting a sprawling floor plan.

2. What makes the lot size significant here?
The 4,998 sqft lot ranks 4th on Maralbo Avenue E—well above the street average of 3,890 sqft. However, it's worth noting that the neighbourhood average is much higher at 7,831 sqft, so while this lot is generous for the immediate street, it's not unusually large for Worthington as a whole.

3. Is the assessed value a good indicator of market price?
Assessed value is a useful benchmark, not a guarantee. At $362,000, it's above local averages but right at the citywide midpoint. In practice, the large lot and the home's age can push the sale price either way depending on buyer interest and condition.

4. How old is the property, and does that matter?
Built in 1983, it's newer than most homes in the neighbourhood (average year 1962) but close to the city median. Systems like roofing, windows, and mechanicals may be original or replaced—worth a closer look during a showing, but not an exceptionally old property by any means.

5. What type of home improvement would add the most value here?
Given the strong land ranking and average living area, adding square footage—either through a main-floor extension or a finished basement—would likely yield the highest return. The lot size supports expansion without overwhelming the property. Cosmetic updates alone may not shift the value as much as increasing usable indoor space.