Section 1: Property Overview
This two-storey home on Cameron Street in East Elmwood offers a practical and spacious living environment. Its key characteristic is its above-average, renovated living space of 1,570 sq ft, which ranks well within the neighbourhood and city. The property sits on a standard-sized lot and includes a detached garage. Its appeal lies in its move-in-ready condition with a renovated basement, providing flexible space for a growing family, a home office, or recreation. The home’s assessed value is notably strong for East Elmwood, suggesting a solid investment within the community.
This house would suit first-time buyers or young families looking for a character home with modernized essentials and more room than a typical starter home. It also appeals to value-conscious buyers who prioritize functional interior space over a large yard. A less obvious perspective is that its "above-average for the area" metrics offer a sense of stability and relative value, making it a prudent choice for buyers wary of overpaying in more volatile markets.
Section 2: Frequently Asked Questions
1. How does this home compare to others in East Elmwood?
The living area is significantly above the neighbourhood average, placing it in the top 13% for space. Its assessed value is also in the top 8% for East Elmwood, indicating it is considered a higher-value property within the community.
2. What is the significance of the renovated basement?
A renovated basement immediately adds functional living space without the need for future investment. It can serve as a family room, guest space, or hobby area, enhancing the home's overall livability.
3. Is the detached garage a benefit?
Yes. A detached garage provides secure storage and parking while offering potential for conversion or workshop use without impacting the main house's structure. It also typically means a shorter driveway.
4. The home was built in 1957. What should I consider?
While the basement has been renovated, a home of this age may have original components, like windows or plumbing, that could require attention. A thorough inspection is recommended to understand the condition of major systems.
5. How stable is the property’s value?
The assessed value is strong for the street and neighbourhood, which can be a positive indicator. However, the last sale was in 2018, so recent market conditions will be the primary driver of its current market price.