Property Overview
This 1910 two-and-a-half storey home on Harbison Avenue W in Chalmers presents a distinct opportunity. Its key appeal lies in the generous 1,636 sqft of living space, which is notably larger than most homes on its street and in the wider neighbourhood. The property sits on a 2,724 sqft lot, which is around average for the immediate area. It features a basement, but it is not renovated, and there is no garage or pool. The home last sold in August 2024 for $250,000.
Section 1: Key Characteristics & Appeal
The standout feature of this property is its above-average interior space within a neighbourhood of typically smaller homes, offering room to grow or adapt. Its appeal is grounded in value and potential; you are acquiring significantly more living area than is common for the area, which could suit a buyer looking for a character home with room for a family or creative layouts. The lot size is manageable without being overwhelming, ideal for those who want outdoor space but minimal upkeep.
This home would best suit a value-conscious buyer, a hands-on homeowner, or an investor. It’s a match for someone who prioritizes interior square footage over modern finishes and sees the unrenovated basement as a blank canvas rather than a drawback. The recent sale also suggests it may appeal to buyers seeking a property that has already undergone a market test and found its current price point, providing a clear benchmark.
Section 2: Frequently Asked Questions
Q: How does the age of the home (1910) affect it?
A: While the build year is older than most on the street, it’s typical for the Chalmers neighbourhood. This age brings character but also means potential buyers should budget for maintenance and updates, particularly to mechanical systems, while appreciating the durable construction of the era.
Q: The assessed value seems very low compared to the sale price. Why?
A: Municipal assessed value for tax purposes is often significantly lower than market value and is not a direct indicator of sale price. The recent $250,000 sale is the clearest reflection of its current market worth.
Q: What does the "Elite" ranking for living area actually mean?
A: It means this home’s living space is in the top 2-3% compared to similar properties on its street and in the Chalmers area. You are getting a home that is an outlier in terms of interior size within its local context.
Q: Is the lack of a garage a major concern?
A: It depends on your needs. Many homes in the area do not have garages. On-street parking is common, but if private, off-street parking or vehicle storage is essential, this would be a limitation to consider.
Q: The home sold recently in August 2024. What should I consider?
A: A very recent sale indicates the market has just validated the $250,000 price. For a buyer, it means the property may not have seen significant changes since that purchase, and it’s worth investigating why it is being offered again so soon, if that information is available.