Property Overview
This 1981-built, one-storey home on a large 6,565 sqft lot in Elmhurst offers a practical and spacious foundation. Its key appeal lies in its generous, level lot—a significant asset for gardening, play, or future expansion—combined with the single-level living layout that provides easy accessibility. With 1,249 sqft of living space, an unfinished basement, and an attached garage, it presents a classic, low-maintenance structure with clear potential for personalization.
The property suits first-time buyers or downsizers looking for an affordable entry into a mature neighbourhood with room to grow. It’s also a sensible fit for value-oriented buyers who see potential in an unfinished space and prefer a home where the core structure and lot size are the primary advantages, allowing them to add value over time through renovations. A less obvious perspective is its strong city-wide ranking for lot size (top 22%), which is a permanent feature that often appreciates independently of the house itself, making it a strategic long-term holding.
Frequently Asked Questions
1. What is the true significance of the provided rankings?
The rankings compare this home against specific groups (street, neighbourhood, city) for metrics like size and age. For example, ranking in the top 22% city-wide for lot size is a standout strength, while more average rankings in living area suggest the home's value is more in its land and potential than in its current finished footprint.
2. Is the unfinished basement a drawback or an opportunity?
It depends on the buyer's goals. It’s a cost-saving advantage for those who don't need the space immediately or want to avoid paying for someone else’s finished layout. It represents a clear opportunity to add significant living space and value according to one's own taste, budget, and timeline.
3. Who would benefit most from the single-storey (one storey) layout?
This layout is ideal for those planning for long-term accessibility, families with young children where all living spaces are on one level, or anyone who prefers to avoid stairs. It also often means a simpler, more efficient roof structure and heating distribution.
4. How should I interpret the "45 years" since construction?
A home of this age is typically part of a well-established neighbourhood with mature trees. Buyers should budget for updates to major aging components like the roof, windows, and mechanical systems, which may be nearing or past their typical lifespan, while appreciating the character and settled nature of the community.
5. The assessed value is noted at $387,000. How does this relate to the listing price?
The assessed value is for municipal tax purposes and is based on a mass appraisal system from a prior date. It can be a general indicator of value but is not a direct determinant of market price. The final sale price will be set by current market conditions, the home's specific presentation, and buyer competition.