Property Overview & Appeal
This well-situated East Elmwood home presents a solid, above-average offering within its immediate neighborhood. Its key characteristics are a 1,060 sqft, one-storey layout with a renovated basement, a detached garage, and a notably generous 5,151 sqft lot—a standout feature that ranks in the top 15% on its street. Built in 1956, the home’s assessed value and living space consistently rank above the local averages for both Beach Avenue and the wider East Elmwood area, suggesting a property that has been maintained well relative to its peers.
The appeal lies in its established community positioning and the value of its land. It suits practical buyers looking for a move-in-ready base with a renovated basement for extra living space, and it holds particular potential for those who value outdoor room for gardens, play, or future expansion. The recent sale price indicates it was seen as a premium offering on its street, likely appealing to buyers prioritizing lot size and neighborhood stability over a newer build or a central city location. It’s a home for someone who measures value not just by square footage, but by the proportion of the property that is usable outdoor space.
Frequently Asked Questions
Q: How does this home compare to others in the area?
A: The data shows it consistently ranks above average for East Elmwood and Beach Avenue specifically in key metrics like lot size, assessed value, and living area. This suggests it’s a stronger-than-typical offering in its immediate locale.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and scope of the renovation.
Q: Is the detached garage a standard size?
A: The listing does not provide garage dimensions. Given the larger-than-average lot, there may be flexibility for parking or storage, but the exact size and condition should be verified.
Q: The home was built in 1956. What should I be aware of?
A: While the renovated basement is a positive, a home of this age will have core systems (like plumbing, electrical, and the roof) that are likely original or have been updated at various times. A thorough inspection is essential to understand the condition and any upcoming maintenance needs.
Q: The lot is large. Are there any restrictions on how it can be used?
A: The 5,151 sqft lot is a significant asset. You should consult with the city’s zoning bylaws to understand what is permitted, whether it’s for adding a deck, building a shed, or potential future development like an addition.