Property Overview
This 1910-built, one-and-three-quarter storey home on Jessie Avenue in Earl Grey offers a blend of historic charm and modern updates. Its key feature is a renovated basement, adding valuable finished living space to the 1,396 sqft footprint. The home sits on a 3,009 sqft lot, which is compact but typical for the central neighbourhood. While the house itself is older than many in the city, its assessed value is above average for Earl Grey, suggesting it has been well-maintained or improved.
Its appeal lies in its established, central location within a character neighbourhood. The renovated basement is a significant practical advantage, effectively increasing usable space without the need for an addition. The home presents a balanced profile: it's not the largest on the street or the newest, but it holds its own with above-average value for the area, indicating a solid investment in a desirable location.
This property would suit a buyer looking for a home with character in a mature neighbourhood, who values move-in readiness (thanks to the basement renovation) over a massive yard. It's ideal for someone who prefers a central location and a home with some history, but who also appreciates modernized living spaces.
Frequently Asked Questions
How does the lot size impact the property?
At just over 3,000 sqft, the lot is smaller than the average for Jessie Avenue and the city. This means lower maintenance, which can be a plus, but offers limited space for expansions, large gardens, or extensive outdoor recreation.
The home was built in 1910. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation to improve energy efficiency, and should prioritize a thorough inspection.
The assessed value is above average for Earl Grey. What does that indicate?
A higher-than-average assessment for the area often reflects desirable improvements (like the renovated basement) or superior condition compared to peers. It can signal good upkeep, but it's also important to verify this doesn't result in proportionately higher property taxes.
Is the living space size competitive?
At 1,396 sqft, the living area is above average for the Earl Grey neighbourhood. Combined with the renovated basement, the total usable space is quite generous for the area, making it a sizeable home in a central location.
Who are the typical neighbours?
Based on the closely spaced addresses on Jessie Avenue, this is a classic, established city neighbourhood with homes in relatively close proximity. It offers a community feel but with less privacy than newer suburban developments.