Property Overview & Key Characteristics

This one-and-a-half storey home on a spacious 4,070 sqft lot in East Elmwood presents a practical opportunity with specific appeal. Its key characteristics include a renovated basement, a detached garage, and a 1949 build that is notably newer than many in the immediate area. With 948 sqft of living space, it offers a manageable footprint.

The primary appeal lies in its balance of a generous lot size—ranking in the top third for the street—and a recent sale price history that suggests it has been a accessible entry point into the neighbourhood. It suits first-time buyers or practical downsizers looking for a home with immediate livability (thanks to the finished basement) and the long-term potential of a large yard in a mature, established area. A thoughtful perspective is that while the home itself is average in size for the area, the lot provides a relative scarcity: space for gardens, play, or expansion that is harder to find in newer subdivisions.

Frequently Asked Questions

1. How does the property’s value compare to the neighbourhood?
The home’s assessed value places it in the top 30% for the street and top 26% for East Elmwood, indicating it is viewed favourably relative to its direct peers. Its last sold price in 2016 was also in the top tier for the area at that time.

2. Is the house smaller than others nearby?
At 948 sqft, it is larger than some direct comparables but smaller than others. It represents a middle-ground, typical of the era. The renovated basement effectively adds usable space beyond the main living area.

3. What does the lot size mean for me?
The 4,070 sqft lot is a standout feature, larger than approximately 78% of lots on the same street. This offers more private outdoor space, better potential for landscaping, and possible future opportunities like a shed or addition, subject to zoning.

4. How old is the home, and what does that imply?
Built in 1947, it is actually newer than many homes in the vicinity. This can sometimes mean more modern construction materials and layouts than much older stock, but it still requires a standard inspection for its age-related systems like plumbing and electrical.

5. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout or very large interior square footage without undertaking significant renovations. The one-and-a-half storey design and era-appropriate room sizes offer charm but differ from newer builds.