Property Overview
This 936 sqft one-storey home at 735 Nairn Avenue in East Elmwood is a practical and grounded offering. Built in 1954, it sits on a notably generous lot for the immediate street—over 4,300 sqft, which is larger than most of its neighbors. The home features a renovated basement and a detached garage. Its living space and assessed value are very typical for the East Elmwood area, positioning it as an average offering within a stable, established neighborhood. A key data point is its 2021 sale price of $230,000, which provides a recent benchmark for value.
The appeal here lies in its lot size and neighborhood consistency. For the right buyer, the large yard presents a clear opportunity for gardening, expansion, or simply more private outdoor space than is common on the block. The renovated basement adds functional living area. This property would suit first-time buyers or practical downsizers looking for a straightforward home without premium city-wide prices, who value a larger outdoor parcel over a larger house. It’s a home that offers room to grow outside, rather than inside.
Frequently Asked Questions
How does this home compare in size to others nearby?
At 936 sqft, the living area is very close to the average for both Nairn Avenue and the wider East Elmwood neighborhood. Its size is typical for the area, not a standout feature.
Is the assessed value a good indicator of the likely sale price?
The assessed value is significantly lower than the 2021 sale price of $230,000, which is common. The sale price is a more relevant benchmark, though market conditions have changed since 2021.
What is the significance of the lot size?
The land area of 4,367 sqft is a key feature. It ranks in the top 25% on Nairn Avenue, meaning you get more yard space than most homes on the same street.
What does the "renovated basement" typically mean for a home of this era?
For a 1954 home, a renovated basement often means updated finishes and a conversion to livable space, such as a family room or additional bedroom. It’s advisable to confirm the scope, permits, and moisture control measures.
Who might this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts or those who prioritize being above the city-wide average in square footage may find this property too standard. Its strengths are in its lot and neighborhood value, not in premium size or finishes.