7 Ascot Bay

Property Overview

This 1969-built, one-storey home in Elmhurst offers a practical layout with 1,023 sqft of living space and a finished basement, situated on a generous 7,278 sqft lot. Its key appeal lies in its established, quiet neighbourhood and the significant lot size, which is notably larger than many in the area. The home suits first-time buyers or downsizers looking for a manageable single-level floorplan with room to grow outdoors, or investors seeking a property with solid land value in a mature community. A thoughtful perspective is its relative newness for the street—built in 1969, it is newer than 97% of homes on Ascot Bay, suggesting it may have modernizations compared to immediate neighbours, while the large lot presents a long-term value proposition that is increasingly rare.

Frequently Asked Questions

1. How does the finished basement add to the living space?
The finished basement effectively expands the home's usable area, ideal for a family room, home office, or additional storage, complementing the main floor living space.

2. What is the significance of the lot size rankings?
The property's land area ranks highly within the community and city, indicating a larger-than-average yard for the area. This is a key asset for privacy, gardening, or future expansion.

3. The home is older; what should I consider?
Built in 1969, major systems like roof, wiring, and plumbing may be original or have undergone updates. A thorough inspection is recommended to understand the condition and any needed modernizations.

4. Who might this property not suit?
It may not suit buyers seeking a modern, open-concept layout or extensive recent renovations, as the floorplan and finishes are characteristic of its era. Those wanting a move-in-ready home with no projects should review details carefully.

5. How should I interpret the value assessment?
The municipal assessment provides a baseline for property taxes and is one indicator of value. Market value can differ based on condition, updates, and current market trends, so it's best used as a starting point for discussion.