Property Overview
This 1,166 sqft one-and-a-half storey home on Garwood Avenue in Earl Grey presents a blend of established character and practical updates. Built in 1914, it sits on a 2,531 sqft lot. Key features include a renovated basement, and it does not have a garage or pool. The home’s assessed value ranks above average for both its street and neighbourhood, suggesting it is well-positioned within this mature community.
Its appeal lies in being a solid, updated home in a desirable central neighbourhood. The renovated basement adds functional living space, making the overall footprint efficient. It suits buyers looking for a character home without the largest maintenance burden, particularly first-time buyers, downsizers, or investors seeking a property in a stable area with strong value retention. A thoughtful perspective is that while the lot is smaller than the city average, it offers manageable outdoor space for those who prefer less yard work, and its above-average assessment for the area could indicate specific upgrades or a premium location on the street.
Frequently Asked Questions
1. How does the home’s age affect maintenance?
Built in 1914, the home is older than most on its street. Buyers should budget for potential updates to older components like plumbing or wiring, though the renovated basement shows proactive improvement.
2. Is the assessed value a reliable indicator of the likely sale price?
The assessed value ($353,000) is a municipal figure for tax purposes. Recent sale history shows the home sold for $395,000 in 2023 and $310,000 in 2020, indicating market value can fluctuate significantly based on condition and market conditions.
3. What are the implications of not having a garage?
The property has no garage. This means relying on street parking, which is common in the area. Buyers should consider this for vehicle storage and winter convenience.
4. How does the living space compare to the neighbourhood?
At 1,166 sqft, the living area is slightly above the average for both Garwood Avenue and the wider Earl Grey neighbourhood, offering a bit more space than many nearby comparable homes.
5. What does the lot size mean for outdoor space?
The 2,531 sqft lot is smaller than the average for Earl Grey. It provides space for a patio or small garden but is not suited for extensive landscaping or large additions, aligning with a lower-maintenance lifestyle.