157 Clyde Road

Property Overview: 157 Clyde Road, East Elmwood

Key Characteristics & Appeal

This two-storey home on Clyde Road is a standout property in East Elmwood, primarily due to its generous scale and premium lot. Its most compelling features are its above-average living space (2,170 sq ft) and a particularly large, private land area of over 7,200 sq ft, which ranks in the top tier for the neighbourhood. The home benefits from a renovated basement, adding to its functional space. While built in 1960, its assessed value of $450k significantly outpaces local averages, indicating it is viewed as a premium property within its context.

The appeal lies in offering substantial indoor and outdoor space—a relative rarity for the area—creating a sense of privacy and room to grow that is often hard to find in the city. It would suit buyers looking for a established, spacious family home in a mature neighbourhood without the premium price tag of newer, centrally-located suburbs. It’s especially fitting for those who value a large yard over a garage, and for owners who appreciate a home that already holds a strong, above-average financial standing in its community.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home is assessed at $450,000, which is elite for East Elmwood. It last sold in 2017 for $295,000, indicating significant appreciation. The current assessment suggests it is positioned at the higher end of the market for comparable homes in the broader area.

2. Is the lack of a garage a significant drawback?
For some buyers, yes. However, the exceptionally large lot (over 7,200 sq ft) provides ample space for adding a garage or workshop, subject to permits. This presents the lot size not just as yard space, but as future potential.

3. The home is older; what should I consider?
Built in 1960, it is around the average age for its street but newer than many in East Elmwood. While the basement is renovated, a thorough inspection of major systems (roof, plumbing, electrical, foundation) common to homes of this era is always recommended.

4. How does this property rank for its size and value?
It ranks in the top tiers for both living area and land size within East Elmwood (top 4% and top 3%, respectively). Its assessed value is in the top 1% for the neighbourhood, meaning it is considered one of the most valuable properties in the area.

5. What is the neighbourhood context of Clyde Road?
The data shows that on Clyde Road itself, this home is among the largest and most valuable. It sits on a street where properties, on average, have smaller lots and lower assessments, making this a notably premium offering on its own block.