Property Overview
This 1983 two-storey home in Elmhurst offers a well-established and spacious family living environment. Its key appeal lies in its generous proportions, both indoors and out. With over 2,000 sqft of living space and an 8,118 sqft lot, it provides ample room for family life and entertaining. The finished basement and in-ground pool add significant recreational and functional value, making it a true summer-ready property. The home's competitive rankings—consistently in the top tiers for size and assessed value within its immediate area—highlight its above-average offering for the neighbourhood.
It would best suit a buyer looking for a move-in ready, low-maintenance family home in a mature community. It's ideal for those who value private outdoor space for children and entertaining, and who appreciate the stability of a home with a long ownership history. A less obvious perspective is that while the home is 43 years old, its strong rankings for assessed value suggest it has been well-maintained and modernized relative to its peers, offering a balance of established charm and updated utility.
Frequently Asked Questions
Q: How does the age of the home (built in 1983) affect its condition and potential costs?
A: While 43 years old, the home ranks better than 60% of houses in its community for age, indicating many older homes nearby. A thorough inspection is key, but the high assessment value ranking suggests updates and maintenance have kept it competitive.
Q: What is the significance of the lot size and rankings?
A: At over 8,000 sqft, the lot is a major asset, ranking in the top 11% on its street. This provides exceptional privacy, space for the pool, and room for gardens or play, which is increasingly rare in newer subdivisions.
Q: The last sale was in 2016 for $473,000. What does this tell us?
A: It indicates a long period of stable ownership, which often means consistent upkeep. The current assessed value of $547,000 reflects market appreciation and any improvements made over those eight years.
Q: Who would benefit most from the finished basement and pool?
A: The finished basement adds flexible living space for a teen suite, home office, or media room. The pool is a major lifestyle feature for families, but buyers should factor in the seasonal maintenance and insurance costs.
Q: The home ranks very high for assessed value. Does this guarantee the selling price?
A: No, assessed value is for municipal tax purposes. However, consistently ranking in the top 14% of the community for assessment strongly suggests the property is considered a high-calibre home for the area, which typically supports its market value.