Property Overview

This one-storey home at 858 Chalmers Avenue E in East Elmwood presents a compelling opportunity, particularly for its lot size and value within its immediate area. Built in 1954, the 1,237 sqft house sits on a notably generous 5,165 sqft lot. Key features include a renovated basement and a detached garage. The data suggests its primary appeal is rooted in its strong standing relative to its neighbourhood and street, rather than city-wide comparisons. It last sold in March 2019 for $27,500.

Key Characteristics & Appeal

The home’s standout characteristic is its land area, which ranks in the top 7% on its own street. This offers above-average outdoor space and potential for gardening, expansion, or simply more privacy in a mature neighbourhood. Combined with a living area that is also above average for the street, it provides a sense of spaciousness. Its assessed value is notably high for the area (top 4% on Chalmers Avenue), which can indicate a well-maintained or updated property relative to nearby homes, though it’s essential to verify this with a current inspection.

This property would suit a practical buyer looking for a solid, no-frills home in a stable community. It’s ideal for a first-time homeowner who values space over a modern footprint, or an investor seeking a property with a strong foundational value in East Elmwood. The renovated basement adds functional living space, appealing to those needing a rec room, home office, or separate suite potential (subject to zoning verification).

Frequently Asked Questions

1. Why is the assessed value so much higher than the 2019 sale price?
Assessed value for tax purposes and market sale price are determined differently. The high assessment relative to the street suggests municipal evaluators see the property as well-improved. The 2019 sale price may reflect the market at that time or specific sale conditions.

2. What does the "renovated basement" entail?
The listing notes it is renovated, but specifics on finish quality, permits, and moisture control are not provided. A professional inspection is recommended to confirm the scope and quality of the renovation.

3. How does the lot size benefit a buyer?
Beyond yard space, a larger lot in an older neighbourhood can offer better drainage, more distance from neighbours, and future potential for additions like a shed, deck, or even a garage expansion, subject to local bylaws.

4. Is the detached garage a standard size?
The listing does not specify dimensions. Detached garages in older neighbourhoods can vary widely; verifying its size and condition is important for vehicle storage or workshop use.

5. How does this home compare to others in East Elmwood?
The data shows it ranks above average in East Elmwood for living area, assessed value, and land area. This indicates you are getting more space and, likely, a better-conditioned property than many in the broader neighbourhood, though it remains a mid-century home requiring due diligence.