Property Overview & Key Characteristics

111 Chandos Avenue is a modern, renovated bi-level home built in 2019, offering a low-maintenance lifestyle in the established Norwood West neighbourhood. Its primary appeal lies in the combination of a newer build with a surprisingly large, private lot. At nearly 3,000 square feet, the land parcel is significantly larger than most in the area, ranking in the top 1% of the neighbourhood. The home itself is compact and efficient at 990 sq ft, featuring a renovated basement, and is complemented by a detached garage.

This property is ideally suited for first-time buyers, downsizers, or investors seeking a modern, "lock-and-leave" home without sacrificing outdoor space. It offers a move-in-ready solution for those who want to avoid the upkeep of a century home but still desire a generous yard in a mature community. The strong value appreciation, from $420k in 2019 to $540k in 2021, indicates a solid investment in a desirable location. A thoughtful perspective for buyers is to consider the balance between the modern interior systems and the established, tree-lined street—you get new-home efficiency without a suburban feel, and the large lot provides rare potential for expansion or landscaping in the core.

Frequently Asked Questions

1. Is the home truly "low-maintenance"?
As a 2019 build with a renovated basement, major components like the roof, siding, windows, and mechanical systems are relatively new and under warranty, significantly reducing near-term repair concerns compared to the neighbourhood's many heritage homes.

2. The living space seems modest. How is the layout?
The bi-level design typically creates defined separation between living and sleeping areas. The renovated basement likely adds valuable finished space, effectively doubling the usable area, which isn't fully reflected in the main-floor square footage.

3. The assessed value seems low compared to past sale prices. Why?
Municipal assessed value for tax purposes often lags behind market value, especially in a rising market. The 2021 sale at $540k is a more current indicator of its market worth.

4. What does the large lot mean for me?
In a mature neighbourhood, a lot of this size (top 1% in Norwood West) is a rare asset. It provides exceptional privacy, space for gardening, recreation, or future additions like a deck or shed, which most nearby properties cannot offer.

5. Who are the typical neighbours?
Norwood West features a mix of long-time residents in well-kept character homes and newer residents in updated properties. This home, as one of the newest on the street, sits in a quiet, top-tier location within the area, as indicated by its street ranking.