Property Overview
This 2020-built, two-storey home on Elgin Avenue W in Brooklands presents a distinct profile. Its primary appeal lies in being a modern structure within a neighbourhood of mostly older homes. The house itself offers a practical 1,294 sqft of living space, which is notably above average for the immediate area. It sits on a compact, 2,579 sqft lot and features a detached garage and an unfinished basement.
The property is best suited for a value-conscious buyer seeking a newer, low-maintenance home without a premium price tag. It’s ideal for first-time homeowners or investors who prioritize modern building systems over lot size or established landscaping. The very low assessed value suggests a unique financial situation, making it a potential opportunity for buyers comfortable with due diligence. However, its smaller lot and unrenovated basement mean it may not suit those looking for extensive outdoor space or immediate move-in readiness without additional investment.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical area homes?
The assessed value is significantly lower than most comparable properties on the same street and in Brooklands. This is unusual for a newer home and warrants investigation into the specific assessment criteria, potential lot characteristics, or municipal valuation methods for this particular property.
2. What does the "unfinished basement" entail?
The basement exists but is not renovated. This means it provides valuable extra space for storage or future expansion, but it would require investment to finish as living space. It offers potential but no immediate additional rooms.
3. How does the 2020 build date affect this home?
As a nearly new build, the major components (roof, windows, HVAC, electrical, plumbing) are modern and under likely warranty, offering significant savings on near-term repairs and improved energy efficiency compared to the neighbourhood's older housing stock.
4. Is the smaller lot size a major drawback?
The lot is below average for the street, neighbourhood, and city. This limits extensive gardening, large outdoor entertainment space, or future expansions. However, it also means less yard maintenance, which could be a positive for some buyers.
5. Who would this property not be well-suited for?
It may not suit buyers seeking a large, private yard, those who want a fully finished home with no projects, or families needing substantial indoor and outdoor space. Its value proposition is modern construction on a modest footprint.