193 Chalmers Avenue

Property Overview: 193 Chalmers Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1910, presents a unique blend of historic charm and practical updates. Its primary appeal lies in its generous proportions relative to its neighbourhood. With 1,143 sqft of living space, it ranks well above average for the Chalmers area, offering more room than many nearby homes. The property features a renovated basement and a detached garage on a standard 3,450 sqft lot.

While the home is older, its recently updated assessed value and strong sale price in 2024 suggest it has been well-maintained and is considered a solid asset within its immediate community. The data indicates it outperforms most neighbouring homes in terms of value, making it a standout on its street. This property would suit a pragmatic buyer looking for character in a well-established neighbourhood, who values space and modern functionality (like the renovated basement) over a new build. It’s also a compelling option for those interested in a home with a clear and strong value trajectory within its local market, as evidenced by its significant appreciation between the 2019 and 2024 sales.

Frequently Asked Questions

1. Is the older year of construction (1910) a concern?
While the home is historic, its above-average assessed value and recent sale price indicate it has been maintained as a viable, modern property. A thorough inspection is always recommended to understand the condition of major systems and any heritage elements.

2. How does the lot size compare?
The lot is a standard size for the Chalmers neighbourhood. It is not exceptionally large citywide, but it is typical and functional for the area, providing adequate outdoor space without extensive maintenance demands.

3. What does the "above average" assessed value mean for taxes?
A higher assessed value compared to neighbours generally means you will pay proportionally higher property taxes. However, it also reflects that the property is viewed as a premium asset within its specific local market context.

4. The home sold recently in 2024. What does that indicate?
The quick resale could indicate a number of things, from an investor flipping the property to a change in the owner’s circumstances. The notable increase in sale price from 2019 suggests significant updates or a strong local market demand.

5. Who might this property not suit?
It may not be ideal for buyers seeking a brand-new, low-maintenance home or those desiring a very large yard. Given its age and location, it best suits buyers who appreciate established neighbourhoods and are comfortable with the character and potential upkeep of a century-old structure.