226 Union Avenue W

Property Overview

This 1928 one-and-a-half storey home in Chalmers presents a unique opportunity centered on its generous lot and renovated basement. Its appeal lies in the substantial 5,258 sqft land parcel, which is significantly larger than most in the immediate area and neighbourhood. With a living area of 1,382 sqft, the home offers more interior space than many comparable properties nearby. The combination of a detached garage, a renovated basement, and an above-average lot size suggests potential for outdoor projects, expansion, or simply enjoying more private space. It would suit a practical buyer looking for a character home with room to grow, an investor attracted by the lot value and renovation upside, or someone seeking a property that stands out in its local context for its land footprint rather than just its assessed value.

Key Considerations & FAQs

• What does the assessed value indicate? The assessed value is for municipal tax purposes and is not a market price. Its relatively low figure compared to the city-wide average is typical for the Chalmers area and the home's age, but it's above average for the immediate street and neighbourhood.
• How does the lot size compare? The land area is a key feature. At over 5,250 sqft, it is in the top 1% on its street and top 8% in Chalmers, offering notably more yard space than most direct neighbours.
• Is the home recently updated? The listing confirms the basement has been renovated. The age of the home (1928) suggests the main and upper floors likely retain original character, so buyers should budget for potential updates to mechanical systems or cosmetics.
• How is the living space configured? As a one-and-a-half storey, the 1,382 sqft of living area likely includes main-floor rooms and finished spaces on the upper level. This style often features cozier, character-filled bedrooms.
• What is the neighbourhood context? Recent sales of similar nearby homes on Martin Avenue W, with comparable assessed values and age, provide a useful benchmark for understanding the local market value for well-kept character homes.