Property Overview

This 2016-built, one-storey home at 874 Mccalman Avenue in East Elmwood offers a distinctly modern living option in a neighbourhood of predominantly older homes. Its key appeal lies in its combination of new construction benefits—like contemporary building standards and minimal immediate maintenance—within a mature, established community. With 912 sqft of living space and a renovated basement, it provides efficient, modern living on a standard 3,864 sqft lot.

The home’s standout characteristic is its exceptional assessed value for the area, ranking in the top 3% on its street and top 15% in East Elmwood. This suggests a high-quality build or significant improvements relative to its neighbours. It particularly suits first-time homebuyers or downsizers seeking a low-maintenance, move-in-ready property without the premium often attached to brand-new subdivisions. It also appeals to value-conscious buyers who want modern amenities but prefer the character and settled feel of an older neighbourhood over a new development.

A less obvious perspective is the potential for long-term stability. Being one of the newest homes on the block could position it well for future resale, as it avoids the "oldest house on the street" dynamic. Additionally, while the living space is modest city-wide, it is competitively sized for the immediate area, offering a practical layout without the upkeep burden of a larger, older property.

Frequently Asked Questions

1. Is this a truly new build?
Yes. Built in 2016, it is significantly newer than most homes in East Elmwood, where the average year of construction is around 1949-1953. This means major components like the roof, windows, and mechanical systems are still relatively early in their lifespan.

2. Why is the assessed value so much higher than neighbouring homes?
The assessed value of $344,000 ranks in the elite tier for the street and above average for the neighbourhood. This typically reflects the modern construction, quality of finishes, and the renovated basement, which collectively add substantial value compared to the older, unrenovated homes that dominate the area.

3. What is the living space like for a modern home?
At 912 sqft (plus basement), the living area is slightly below the city average but is actually around the average for East Elmwood. It represents an efficient, modern floor plan suited to individuals, couples, or small families who prioritize ease of maintenance over expansive square footage.

4. What does the lot size mean for outdoor space?
The 3,864 sqft lot is fairly standard for the street but below the neighbourhood and city averages. It provides adequate private outdoor space for a patio, garden, or play area without the demanding upkeep of a very large yard.

5. How does this home compare to others on Mccalman Avenue?
It is a clear outlier in terms of age and assessed value. You would be purchasing one of the newest (top 2%) and most highly assessed (top 3%) homes on the street, offering a very different property profile compared to the surrounding mid-century homes.