Property Overview
This 1974-built, one-storey home in Elmhurst presents a compelling opportunity centered on space and established value. Its primary appeal lies in the generous 10,586 sqft lot, which places it in the top 10% of properties within the community for land size. The 1,342 sqft living area is above average for the street and city, complemented by a finished basement and an attached garage. With an assessed value of $468,000 ranking highly across local comparisons, the property offers a solid, move-in-ready foundation.
It would suit practical buyers looking for a spacious yard in a mature neighbourhood—ideal for gardening, family play, or future expansion. It also fits those who value clear, above-average municipal assessments as a sign of established equity. A less obvious angle is its appeal to buyers wary of brand-new subdivisions; this home offers a settled lot with mature landscaping and proven neighbourhood character, avoiding the uncertainties and initial costs of a developing area.
Frequently Asked Questions
Q: How does the age of the home (built in 1974) factor into its condition and potential costs?
A: While the home is over 50 years old, its above-average assessment and rankings suggest it has been maintained well relative to peers. Buyers should still budget for updates common to this era, such as roof, windows, or major systems, but the high lot and assessment rankings indicate the property has held its value effectively.
Q: The lot is large, but what is it actually like?
A: At over 10,500 sqft, the lot is a major feature. It provides ample private outdoor space, which is increasingly rare. The rankings show it's significantly larger than most in the area, offering potential for additions, a large garden, or recreational space without feeling cramped.
Q: The home ranks highly for lot size and value, but lower for building age. Is this a concern?
A: Not necessarily. The lower ranking for age (newer than only 24% of homes in the community) simply confirms it's in an established, mature area. The high rankings for lot size and assessed value often outweigh age concerns, as they represent the more permanent and valuable portions of the property: the land and its overall market position.
Q: What does the "finished basement" entail?
A: The listing confirms a finished basement, which adds functional living space to the 1,342 sqft main floor. Specifics on the finish quality, rooms, and ceiling height should be verified during a viewing, as this can vary greatly in homes from this period.
Q: Are there any obvious drawbacks based on this data?
A: The data points to two trade-offs: the home's age and the absence of a pool. In return, you secure a much larger-than-average lot in a stable neighbourhood and a home with an assessed value that ranks in the top quarter city-wide. It's a classic choice of prioritizing land and established value over newer construction or luxury amenities.