Property Overview
This 1910 two-and-a-half storey home on Mulvey Avenue in Earl Grey presents a classic character home with practical considerations. Its primary appeal lies in its generous 1,709 sqft of living space, which ranks within the top 4% of homes on its street and the top 8% within the desirable Earl Grey neighbourhood. This places it well above the area average for interior size, offering more room than most comparable local properties. The home sits on a standard city lot and features a basement that is present but unrenovated, with no garage or pool. Its assessed value is consistent with area norms.
The property suits buyers looking for a spacious character home in a central, established neighbourhood who are prepared for the realities of an older building. It’s ideal for those who value interior square footage and location over modern finishes or large outdoor space. A thoughtful perspective is that while the home is older, its above-average size for the area could provide a solid foundation for renovations, allowing a buyer to customize the space while already owning a key asset—ample room in a prime location.
Frequently Asked Questions
1. What does "basement not renovated" typically imply?
It means the basement is unfinished or in its original state. You should budget for potential updates and anticipate an inspection to assess the foundation, plumbing, and electrical systems common to a home of this era.
2. How does the lack of a garage affect daily life in this neighbourhood?
Street parking is the norm on Mulvey Avenue. While this is common in Earl Grey, it’s a practical consideration for multiple drivers or during winter parking bans.
3. The home is older—what are the less obvious implications?
Beyond expected maintenance, an older home of this size in a sought-after area often has solid construction and established landscaping. However, energy efficiency and updating mechanical systems (like heating and wiring) to modern standards are key factors to investigate.
4. The living area is large for the area, but the lot is average. What does this mean?
This indicates the home’s footprint likely utilizes more of the lot, providing generous interior space but potentially smaller private outdoor areas compared to some neighbours. The value is concentrated in the living space itself.
5. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value is used for property tax calculation. In stable markets, sale prices often cluster around assessments, but they are ultimately determined by current market conditions, the home’s specific state, and buyer demand.