Property Overview: 42 Epsom Crescent
Key Characteristics & Appeal
This 1969-built, three-level split home in Elmhurst sits on a notably large, 7,793 sqft lot, offering more outdoor space than over 80% of its neighbours. With 1,157 sqft of living space and a finished basement, it provides practical, multi-level living. Its primary appeal lies in this combination of a substantial, private yard in a mature neighbourhood and a functional layout that is move-in ready. The property’s value is further underscored by its overall assessment ranking, which places it above the majority of homes citywide.
This home would suit first-time buyers or downsizers looking for a manageable-sized house without sacrificing yard space, as well as value-oriented buyers who prioritize land size and established communities over newer construction. A thoughtful perspective is that while the home itself is of average size and age for the area, the lot represents a significant long-term asset—offering potential for gardening, expansion, or simply enjoying a level of privacy that is becoming rarer in central neighbourhoods.
Frequently Asked Questions
1. What does the "three-level split" layout mean?
This design features short flights of stairs separating living areas, typically splitting the home into four distinct levels. It often provides good separation between living and sleeping quarters, but may not be ideal for those seeking single-level living.
2. How does the large lot size impact maintenance and costs?
While offering excellent space, a lot of this size requires more time or investment for lawn care, gardening, and snow clearing compared to standard city lots. Property taxes may also be influenced by the land value.
3. The home was built in 1969. What should I consider?
While systems like the roof, windows, and furnace have likely been updated over time, a thorough inspection is crucial to understand the condition of original components like plumbing and electrical wiring, and to check for any foundational settling common in homes of this era.
4. There is no garage. What are the parking options?
The property likely relies on driveway and street parking. It’s important to verify the driveway's capacity, local street parking regulations, and how manageable winter parking will be.
5. The assessment value is lower than the asking price. Why?
Municipal assessments are for tax purposes and often lag behind the current market. The sale price is determined by what buyers are willing to pay based on recent comparable sales, condition, location, and lot value—which appears to be a key driver here.