Property Overview
This one-storey home in Earl Grey presents a practical and appealing opportunity. Its key appeal lies in a balance of established neighbourhood character, a renovated basement adding functional space, and a lot size that is notably generous for the area. The 3,346 sqft property ranks in the top 20% for land size on its street, offering more outdoor space than many comparable homes. While the 1956-built house itself is older, it has been maintained with a modernized lower level. The detached garage adds convenience. Its assessed value is firmly in the middle range for the street and neighbourhood, suggesting it is priced in line with the market.
This property would suit a first-time buyer or downsizer looking for a manageable single-level layout in a mature, central neighbourhood. It also appeals to those who value a larger yard for gardening, pets, or future expansion over having a brand-new build. The renovated basement offers immediate extra living space without the need for a major project.
Frequently Asked Questions
How does the lot size compare to nearby homes?
The land area of 3,346 sqft is a standout feature, ranking in the top 20% on Dudley Avenue. This means the yard is significantly larger than many of its immediate neighbours, which is a valuable and less common asset in established areas.
What is the significance of the "Sold 11/2021" price listed?
The home sold for $340,000 in November 2021. Comparing this to the current $330,000 assessed value provides context on market trends and the municipality's valuation, which can be a useful benchmark, though the final sale price is determined by the current market.
Is the living space considered large for the area?
At 1,073 sqft, the living area is fairly typical. It ranks in the top 65% on its street and top 39% in the neighbourhood, meaning it's comfortably sized but not unusually large. The renovated basement effectively adds to the total usable space.
The home was built in 1956. What should I consider?
While the structure is nearly 70 years old, the renovated basement indicates updates have been made. A thorough inspection is always recommended for homes of this age to understand the condition of major systems like wiring, plumbing, and the foundation, which are separate from cosmetic updates.
How does Earl Grey compare to the neighbouring areas mentioned, like Ebby-Wentworth?
Earl Grey is a well-established, tree-lined neighbourhood near Grant Park. The comparison listings show that this home offers a larger lot and more living space than several similarly priced, newer homes in adjacent areas, trading modern construction for character, space, and location.