Property Overview: 265 Bowman Avenue
Key Characteristics & Buyer Appeal
This 1989 bi-level home at 265 Bowman Avenue presents a practical and efficient living option. Its key appeal lies in a combination of a relatively modern build, a renovated basement, and a manageable scale. With 722 sqft of living space, it is a compact home, ranking below the average size for its street, neighborhood, and city. This makes it a lower-maintenance property, suited for first-time buyers, downsizers, or investors seeking a straightforward rental property.
The land size of 2,502 sqft is around average for Bowman Avenue, offering a decent outdoor space without being burdensome. A standout feature is the home's age; built in 1989, it is notably newer than most comparable homes in the immediate Chalmers area, which may translate to fewer concerns about outdated major systems compared to much older stock. The renovated basement adds functional living space and modern appeal. The property lacks a garage and pool, emphasizing its no-frills, value-oriented nature. It last sold in October 2021 for $20,500, with a current assessed value of $23,900.
This home would best suit a buyer prioritizing affordability and simplicity over square footage. It’s a pragmatic choice for someone who values a newer construction year within an established neighborhood and is comfortable with a cozy layout. The renovated basement is a significant asset, effectively expanding the usable space of the compact main floor.
Frequently Asked Questions
1. Is the living area of 722 sqft the total, or does it include the basement?
Typically, listed living area refers to above-grade space. The 722 sqft likely represents the main and upper levels of the bi-level. The renovated basement would provide additional finished space not included in that official square footage.
2. How does the assessed value relate to the expected sale price?
The assessed value of $23,900 is for municipal tax purposes and is often significantly lower than market value. The 2021 sale price of $20,500 is closer to this figure, but current market conditions would be the primary driver of today's sale price.
3. What are the implications of having no garage?
Buyers should plan for street parking and consider the cost of installing a shed or carport for storage. In this neighborhood, on-street parking is common, but winter parking bans are a factor to consider.
4. The home is "newer," but what does a 1989 build mean for updates?
While major structural components are younger than those in a pre-war home, a 1989 house may still need updates to original features like windows, roofing, or interior finishes (kitchen, bathrooms). The renovated basement is a positive update, but the condition of the main living areas should be verified.
5. The lot is average for the street but below average for the city. Is that a concern?
For this type of home, the lot size is proportionate. It provides adequate yard space without the high maintenance of a much larger urban lot. This is generally seen as a benefit for the target buyer seeking manageability, not a drawback.