Property Overview
This one-and-a-half storey home, built in 1914, is situated on a standard city lot in the established Earl Grey neighbourhood. With 1,096 square feet of living space, its size is typical for the area. The home features a basement and a detached garage. Key data points indicate it is an older, more modestly valued property within its local context, presenting a clear value proposition. Its appeal lies in its location within a desirable neighbourhood, offering an accessible entry point with potential for personalization.
Key Characteristics & Ideal Buyer
The home’s primary characteristic is its position as a classic, no-frills character home in a well-regarded area. It suits a buyer looking for location over immediate luxury—perhaps a first-time homeowner, an investor, or someone seeking a manageable footprint in a central community. The appeal is grounded in Earl Grey itself, with the property offering a chance to put roots down in a prime neighbourhood without the premium price tag of a renovated or newer build.
A thoughtful perspective for a buyer is to see the below-average assessed value not just as a reflection of condition, but as an opportunity for sweat equity to build value over time. The home’s living area is comfortably average for the street, suggesting a practical layout for a small household. It would particularly suit a buyer with a vision for gradual updates who values community and character over modern finishes and is prepared for the realities of maintaining a century-old home.
Frequently Asked Questions
1. What does the below-average assessed value indicate?
It primarily reflects the home’s age, condition, and lack of recent major renovations compared to neighbours. It typically results in lower property taxes, which is a financial positive, but also signals that updates may be needed.
2. Is the living space sufficient for a family?
At just over 1,000 square feet, the space is functional for a small family or couple. The one-and-a-half storey design often means bedrooms are on the upper level, which is a layout to consider for daily living.
3. What should I know about a 1914 build?
Expect character details but also the need for careful inspection of foundational, electrical, and plumbing systems. While solidly built, a home of this age requires a maintenance-focused mindset and budget.
4. How does the lot size compare?
The lot is smaller than average for both the street and the city. This means lower exterior maintenance but less private outdoor space. It’s a standard city lot suitable for a garden and patio.
5. What is the significance of the detached garage?
It provides valuable storage or parking space separate from the house. For an older home, this can be a practical asset for tools, projects, or vehicle protection, though it may also require upkeep.