Property Overview & Key Characteristics
This 1911 two-storey home in Earl Grey offers a classic layout with 1,216 sqft of living space on a generous 3,011 sqft lot. Its key appeal lies in its established neighbourhood setting and the tangible value of the land itself. The property ranks in the top 25% for lot size on its street and the top 12% city-wide, suggesting a premium, spacious location. While the home retains its original character—including an unrenovated basement and a detached garage—its assessed value sits well above most neighbours, indicating strong underlying property value.
This home would best suit a value-conscious buyer who sees potential. It’s ideal for someone comfortable with a project, whether that’s a gradual, live-in renovation or a long-term hold in a desirable area. The appeal isn't in move-in-ready finishes, but in securing a larger lot in a mature neighbourhood—a feature that is increasingly rare and cannot be replicated in new builds.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this age?
It generally indicates the original foundation, layout, and mechanical systems. Buyers should budget for potential updates to insulation, moisture management, and utilities, but also recognize the opportunity to customize the space to modern standards.
2. The assessed value is significantly higher than the 2019 sale price. What does this suggest?
This points to substantial municipal assessment increases, likely driven by rising land values in the area rather than improvements to the home itself. It reflects the market's view of the property's location and lot value.
3. How does the age of the home (1911) impact maintenance?
While the structure has proven its durability, prospective owners should prioritize inspections for century-home essentials: the roof, wiring, plumbing, and foundation. The charm comes with a responsibility for proactive upkeep.
4. The lot is large for the area. What are the advantages?
Beyond simple outdoor space, a larger lot in an established neighbourhood offers greater privacy, potential for landscaping or gardening, and future flexibility (like additions or a garage upgrade), all while contributing significantly to the property's long-term value.
5. Who is the typical buyer in this neighbourhood?
Earl Grey often attracts a mix of young families drawn to the community feel and older, established residents. This property, in particular, would appeal to those who prioritize lot size and location over a modernized interior, seeing the home itself as a canvas.