Property Overview
This 890 sqft, one-storey home at 289 Nassau Street N in Earl Grey presents a distinct blend of characteristics. Built in 1985, it is a notably modern property compared to its historic neighbourhood peers. Its key appeal lies in this relative newness, offering contemporary construction and systems within a mature, established area. The home sits on a larger-than-average lot for the immediate vicinity, providing valuable outdoor space. While the living area is compact, the basement has been renovated, adding functional space. The property’s assessed value is strong for the street, suggesting solid underlying value. This home would suit first-time buyers, downsizers, or practical-minded individuals seeking a low-maintenance, modern build in a central neighbourhood without the upkeep of a century-old house. It’s less suited for those requiring substantial above-grade square footage or attached garage parking.
Frequently Asked Questions
1. How does the 1985 build date affect this home in Earl Grey?
Positively, it likely means more modern wiring, plumbing, insulation, and building standards compared to the area's many pre-war homes, potentially reducing immediate repair costs and energy bills.
2. The living space seems small. How usable is the property?
The renovated basement significantly expands the functional living area, creating space for a family room, office, or additional bedrooms. The lot size is also generous for the street, allowing for garden or patio space.
3. There's no garage. What are parking options?
The property likely relies on street parking, which is common for the area. Buyers should confirm typical availability with the city and neighbours, and consider the feasibility of adding a driveway or parking pad given the lot dimensions.
4. The home sold for $320k in 2022, but the assessed value is much lower. Why?
Municipal assessed value for taxes is not the same as market value. The 2022 sale price is a stronger indicator of its recent market worth, reflecting buyer demand for a move-in-ready, newer home in the location.
5. What is the neighbourhood character like?
Earl Grey is a mature, central neighbourhood with a mix of historic character homes and infill developments. This property is part of the newer infill segment, offering a different lifestyle than a renovated character home, often with easier maintenance and closer proximity to nearby properties.