Property Overview
This 1964 one-storey home in Elmhurst presents a classic, low-maintenance living option on a notably large, 10,804 sqft lot. Its key appeal lies in the combination of a fully finished basement, which expands the usable living space beyond the 1,134 sqft main floor, and the exceptional outdoor potential offered by one of the larger properties in the area. The home ranks highly for its generous lot size within the community and wider city, suggesting rare privacy and room for gardens, play, or expansion.
It suits practical buyers looking for solid value—first-time homeowners, downsizers seeking single-level living, or investors attracted by the land size. Its rankings indicate it's a home with strong fundamentals (space, location) that may benefit from modernization, appealing to those who see potential beyond its original 1960s build.
Frequently Asked Questions
1. How does the large lot size impact property value?
Beyond providing ample yard space, a lot of this size in a mature neighbourhood is a long-term asset. It offers privacy rarely found in the city and future potential, whether for adding a garage, a garden suite (subject to zoning), or simply enjoying expansive green space.
2. The home's assessed value ranks lower than its lot size. What does this indicate?
This suggests the municipal assessment reflects the original 1964 structure more than the land value. For a buyer, it can mean the price is influenced more by the home's condition and features, with the large lot acting as a significant bonus or equity-builder.
3. Is the finished basement included in the listed living area?
No. The 1,134 sqft refers to the above-ground living area. The fully finished basement provides additional, separate space for recreation, guests, or storage, effectively doubling the home's functional footprint without increasing property taxes proportionally.
4. What are the implications of having no garage?
While off-street parking may be available via a driveway, the absence of a garage means vehicles are exposed and storage must be creatively managed. However, the large lot offers clear space to add a garage or shed if desired, which is a notable advantage over properties with smaller lots.
5. The build year ranks lower in the neighbourhood. Should I be concerned?
This ranking confirms the home is older than most in Elmhurst. It necessitates a focus on the condition of major aging components like the roof, windows, plumbing, and electrical systems. A thorough inspection is essential, but a well-maintained older home on a premium lot can offer excellent value.