Property Overview
This one-storey home on Washington Avenue in Chalmers is defined by its potential and its lot. Built in 1914, the 584 sqft house is compact and features an unrenovated basement and a detached garage. Its primary asset is the 3,002 sqft lot, which is a competitively sized parcel for the immediate area. The home’s assessed value is notably below averages for the street, neighbourhood, and city, reflecting its condition and size.
Key Characteristics & Appeal
The appeal here is fundamentally for a specific buyer: someone looking for a land value play or a blank-slate project. The house itself is small and older, requiring updates, but it sits on a decent lot in an established neighbourhood. This suits a buyer comfortable with a renovation, an investor considering a future rebuild, or someone seeking a modest entry into homeownership with the understanding that the value lies in what can be done with the property, not in its current state. A less obvious perspective is that a home of this age and size on a good lot offers a chance to customize without the burden of removing extensive prior renovations—you’re working with the original canvas.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean?
It indicates the basement is in original or functional condition, lacking modern finishes. Buyers should budget for potential updates to insulation, moisture control, or layout to make it a comfortable living space.
2. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and condition relative to the market. For a buyer planning significant improvements, it can represent a lower starting point for property taxes, though renovations may lead to a future assessment increase.
3. Who might this property not suit?
It's likely not a fit for those seeking a move-in-ready home or requiring substantial living space immediately. The project-oriented nature demands time, budget, and vision.
4. How does the lot size compare?
At just over 3,000 sqft, the lot is around the average for Chalmers but below the citywide average. It’s a practical urban lot, not oversized, but offers good outdoor space for the neighbourhood.
5. What is the significance of the 1914 build date?
It confirms the home's character and the potential for older building materials (like plaster walls, original hardwood). An inspection is crucial to understand the state of the roof, wiring, plumbing, and foundation common to houses of this era.