Property Overview
This two-storey home at 716 Talbot Avenue in East Elmwood presents a practical and competitively positioned offering. Built in 1977, it is a notably newer construction compared to many homes in its immediate area. With 1,304 sqft of living space, it provides above-average roominess for both the street and the neighbourhood. The property includes a detached garage and an unfinished basement, representing potential for future customization. Its appeal lies in its modern (relative to the area) build date, efficient use of space, and its position as a solid, move-in-ready home in a mature community. The lot is smaller than average, which translates to less yard maintenance.
This home would suit first-time buyers seeking a spacious, low-maintenance property without the concerns of a century-old structure, or downsizers looking for a manageable footprint with room for family visits. It’s a fit for those who value interior space over a large yard and prefer the character of an established neighbourhood like East Elmwood.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,304 sqft, the living area is larger than most comparable homes on Talbot Avenue and within the East Elmwood neighbourhood, placing it in the top 16% locally. It offers more interior space than many older homes in the area.
2. What does the assessed value indicate?
The assessed value is above average for the street and around average for East Elmwood. This suggests the property is viewed as a fairly typical or slightly better-than-typical home within its specific community, though it is below the citywide average, reflecting the neighbourhood's overall affordability.
3. Is the smaller lot size a significant drawback?
The 3,099 sqft lot is below average for the area. This means less private outdoor space, which could be a consideration for those wanting a large garden or extensive play area. However, it also means significantly less yard work, which many buyers see as a benefit.
4. What are the implications of the 1977 build date?
Being built in 1977 is a key feature. It makes this home decades newer than many in East Elmwood, potentially meaning fewer issues with outdated plumbing, electrical, or foundations common in much older homes, while still being part of a well-established neighbourhood.
5. What is the potential of the basement?
The listing notes the basement exists but is not renovated. This presents a blank canvas for future development—such as creating a rec room, home office, or additional storage—adding value over time. Buyers should budget for this finishing work if needed.