Property Overview
This 1968-built, single-storey home in Elmhurst offers a practical layout with 1,067 sqft of living space and a fully finished basement. Its primary appeal lies in its generous 7,278 sqft lot, providing significant outdoor space that is increasingly rare in mature neighbourhoods. The property suits first-time buyers seeking a solid starter home with room to grow, or downsizers looking for a manageable single-level layout without sacrificing yard size. Its value proposition is grounded in its lot potential and location, rather than high-end finishes. A thoughtful perspective is that while the home itself is modest in size and assessment value for the area, the large lot offers a long-term advantage—whether for gardening, expansion, or future redevelopment—making it a strategic purchase in a well-established community.
Key Details & FAQs
- Key Characteristics: One-storey bungalow, built in 1968. Features a fully finished basement and sits on a large 7,278 sqft lot. No garage or swimming pool.
- Appeal & Suitability: The appeal centers on the very large lot in a mature neighbourhood. It is best suited for buyers prioritizing outdoor space and lot potential over a recently built or highly updated home.
- Neighbourhood Context: In the Elmhurst community, this property ranks highly for lot size (top 39%) but is an older home among its peers (top 92%, meaning only 8% of homes are older in the area).
Frequently Asked Questions
1. What is the true advantage of such a large lot?
Beyond extra private space, a lot of this size in a long-established neighbourhood like Elmhurst offers future flexibility. It could accommodate a substantial addition, a detached garage or workshop, or simply remains a valuable asset in an area where most lots are smaller.
2. The home's assessment value seems lower than many in the area. Why?
The municipal assessment reflects factors like the home's age, modest size, and lack of major renovations. This can present an opportunity for buyers willing to invest in updates over time, while the land itself holds a significant portion of the property's value.
3. Is the lack of a garage a major drawback?
For some buyers, yes. However, the large lot provides ample space to add a garage or carport, subject to local bylaws. Many homes of this vintage in mature areas originally lacked garages.
4. How does the age of the home (58 years) affect things?
Expect character common to the era, along with the potential for aging components like the roof, windows, or original plumbing/electrical to need attention or updating. A thorough inspection is essential.
5. What does the "fully finished basement" entail?
The listing confirms the basement is finished, but the quality, ceiling height, and layout can vary widely in homes from this period. It's important to view the space in person to see if it suits your needs for living, storage, or utility.