15 Oswald Bay

Property Overview

This two-storey family home in Elmhurst presents a compelling opportunity. Its key appeal lies in the combination of generous, established lot size and solid interior space, all within a highly regarded neighbourhood. Sitting on over a quarter-acre (11,702 sqft), the property ranks in the top 4% of its street and the top 7% within Elmhurst for land size, offering rare privacy and room for gardens, play, or expansion. The nearly 2,000 sqft of living space is also well above average, placing it in the top 14% of the community.

The home suits buyers looking for a long-term family base with room to grow and personalize. Its 1979 build date means it likely has a classic, functional layout but may require updates to suit modern tastes. The presence of a pool adds a strong recreational element for summer enjoyment, while the unfinished basement provides valuable storage or future development potential. This property is ideal for a handy buyer or one willing to invest over time to modernize, valuing the irreplaceable asset of a large lot in a prime location over immediate turn-key perfection.

Frequently Asked Questions

1. What is the significance of the high lot size ranking?
It means this property offers more outdoor space than the vast majority of homes on its street and in Elmhurst. This is a major long-term asset for privacy, outdoor activities, and could be a factor in future value.

2. The home was built in 1979. What should I anticipate?
While systems and structure can be sound, you should budget for potential updates to major components like roofing, windows, or the HVAC system due to age. The interior aesthetics (kitchen, bathrooms) may also reflect older styles.

3. The basement is unfinished. Is that a drawback or an opportunity?
It's primarily an opportunity. It provides ample storage and flexible space that a new owner can finish to their specific needs (e.g., rec room, home gym, workshop) without needing to undo previous work. It does mean that the current living space is limited to the 1,989 sqft above grade.

4. How does the assessment value relate to the likely selling price?
The municipal assessment ($537,000) is for tax purposes and is typically based on past market data. In active markets, the final sale price is often determined by current buyer competition and can be above or below this figure. It's a useful benchmark, not a guaranteed price.

5. The rankings show the living area is large, but the build year is average. What does this suggest?
It indicates a home from an era where space was often prioritized over high-end finishes. You are likely getting more square footage for your dollar compared to a newer build, but that space may need refreshing to modernize its functionality and style.