Property Overview
This two-storey home on Hespeler Avenue in Glenelm presents a compelling blend of space, location, and value. Its key appeal lies in its above-average scale for the neighbourhood, offering over 2,000 square feet of living space and a generous 5,100+ square foot lot—both metrics rank in the top tier for the immediate area. The home benefits from a renovated basement and a detached garage. Built in 1956, it is notably newer than many surrounding homes, suggesting potentially fewer concerns with aging infrastructure common in historic areas.
It’s a property that would suit a practical buyer looking for room to grow in an established neighbourhood without the premium price of a fully modernized showhome. It appeals to those who value interior space and lot size over a brand-new build, and to investors or homeowners who see potential in a solid, well-sized property that already has key updates like the basement. The assessed value is elite for the street but average citywide, indicating a strong value proposition within its specific, desirable context of Glenelm.
Frequently Asked Questions
How does the home’s size compare to others nearby?
It is significantly larger than most. With 2,040 sqft of living area, it ranks in the top 5% on its street and top 3% in Glenelm, where the average comparable home is about 1,100 sqft.
What does the assessed value tell us?
The assessed value of $39,500 is in the top 3% for Hespeler Avenue, meaning it is considered a high-value property on its street. Citywide, however, it sits around the average, highlighting that you are acquiring a top-tier property for the local area at a city-average price point.
Is the 1956 build date a concern?
While 70 years old, it is actually newer than the neighbourhood average. In Glenelm, comparable homes average a 1925 build year, placing this home in the top 5% for its age in the area. This relative newness can be an advantage.
How accurate is the sold price history provided?
The listed sold price from 2017 is a range based on public data. For the exact historical sold price, you must request it via email from the site. They provide this data manually and state they will not use your email for unsolicited marketing.
What is the significance of the large lot?
The lot of over 5,100 sqft is in the top 3% on the street. This offers valuable outdoor space and potential for gardening, expansion, or simply more privacy than is typical for the area, where lots average around 3,350 sqft.