Property Overview: 343 Keenleyside Street, East Elmwood
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1954, situated on a notably generous lot of nearly 5,000 square feet in East Elmwood. With 728 sqft of living space, the house itself is smaller than most in the immediate area, but it features a renovated basement and a detached garage. Its assessed value is modest and aligns with the local street average, presenting an accessible price point for the neighbourhood.
The primary appeal lies in its land-to-building ratio. The lot size is above average for the street, offering valuable outdoor space and potential that is uncommon for homes at this price tier. This makes it a practical entry point into homeownership, particularly for a first-time buyer, an investor, or someone looking to downsize without sacrificing yard space. Its recent sale history suggests stable value. The renovated basement adds functional living area, offsetting the smaller main floor footprint. It suits a buyer who prioritizes land and location over square footage, and who sees potential in a home that offers a solid foundation—both literally and in the market—rather than immediate grandeur.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
The living area is notably compact, ranking in the bottom 10% for size on Keenleyside Street itself. However, the property compensates with a lot size that ranks in the top 30% on the same street, offering more outdoor space than many neighbours.
2. What does the assessed value indicate about the property?
With an assessed value around $271,000, it sits close to the average for Keenleyside Street but below the wider city average. This suggests the home is priced accessibly for the specific area, which can be an advantage for entry into the market.
3. Is the lot size a significant feature?
Yes. At 4,870 sqft, the lot is a key asset. It is larger than most on the street and in East Elmwood, providing room for gardening, recreation, or future expansion like a shed or deck, which is a valuable perk for a smaller home.
4. What can recent sale history tell us?
The home sold in 2021 for $269,000, closely matching its current assessed value. This recent sale provides a clear, contemporary benchmark, suggesting a stable and transparent market value without wide fluctuations.
5. Who might this property not suit?
It may not be ideal for those requiring significant indoor living space or modern, open-concept layouts without renovation work. The floor plan and total square footage are best suited for individuals, couples, or small families comfortable with a more compact and efficient layout.