Property Overview
This one-and-a-half storey home, built in 1945, is situated on a quiet, established street in Elm Park. With 968 square feet of living space and a renovated basement, it presents a compact and manageable footprint. The property stands out for its notably smaller lot size (3,794 sqft) compared to most neighbours, which translates to minimal yard maintenance. Its assessed value is modest relative to the immediate area, positioning it as a more accessible entry point into the neighbourhood. The appeal here is straightforward: a classic, no-frills character home in a mature community, ideal for those seeking simplicity and location over size.
This home would suit first-time buyers, downsizers, or pragmatic investors looking for a lower-maintenance property in a well-regarded area. Its smaller scale is a key characteristic—it offers coziness and efficiency rather than expansiveness. A thoughtful perspective is that while the home ranks below average in size and land area on its street, this very fact contributes to its affordability and ease of upkeep in a desirable location. It’s a practical choice for someone who values the Elm Park community but doesn’t require a large house or yard.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
It depends on your priorities. While it offers less private outdoor space than most homes on the street, it significantly reduces landscaping and maintenance responsibilities, which can be a benefit for many buyers.
2. How does the assessed value compare to the last sale price?
The home was last sold in November 2021 for $38.10k and currently has an assessed value of $34.80k. It’s important to discuss this with your real estate agent to understand current market conditions and valuation.
3. What does "one-and-a-half storey" typically mean for a home of this era?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. Ceiling heights and room layouts on the upper level can be more compact.
4. The home is older—what should I consider?
Built in 1945, the home will have the charm and potential quirks of its era. While the basement has been renovated, a thorough inspection is recommended to understand the condition of major aging components like the roof, plumbing, and wiring.
5. How does this property fit within the Elm Park neighbourhood?
The data shows this home is more modest in scale and value than many in Elm Park. It offers a way to live in this established community at a potentially lower price point, albeit in a smaller home with a smaller yard than is typical for the area.