- A dead-end street, often with a broad circle at the end with houses arrayed around it; from the air a cul-de-sac looks like a lollipop.
dead end, no through traffic, one entrance
Related Terms and Acronyms
- Amenities — Definition,
- Amenities are features such as green space, playgrounds, community centres, shopping malls, or swimming pools that make a neighbourhood or community more desirable for living.
- Comparables — Definition,
- Refers to "comparable properties," which are used for comparative purposes in the appraisal process.
- Curb Appeal — Definition,
- The look of a house when viewed from the street.
- Infrastructure — Definition,
- Basic installations that a community needs, such as schools, roads, water and electrical lines, power plants and communications systems.
- Multiple Listing Service (MLS) — Acronym, Canada, Very Important,
- A database that lists all properties in an area that are for sale or lease by Realtors.
- Principle of Conformity — Definition,
- The notion that a house will fetch a fair price if it is situated among houses of similar size, style and condition.
- Principle of Progression — Definition,
- The notion that a smaller house's value will be enhanced if it is near larger, fancier houses.
- Principle of Regression — Definition,
- The notion that the value of a larger or fancier house will be reduced if it is near smaller, lower-priced houses.
- Property Value — Definition,
- The worth of a piece of real estate, based on the price a buyer and seller would negotiate.