Property Overview
This one-and-a-half storey home on Mccalman Avenue in East Elmwood presents a unique blend of classic character and above-average space for its immediate area. Built in 1910, it sits on a generous 5,051 sqft lot, which is notably larger than most on its street and in the neighbourhood. The 1,570 sqft living area is a key standout, ranking in the top 3% for size on Mccalman Avenue and the top 13% within East Elmwood, offering more interior room than many comparable local properties.
Its appeal lies in this combination of a sizable, classic home on a substantial lot in an established neighbourhood. It suits buyers looking for a project-in-waiting with good bones, as the unrenovated basement and older structure indicate potential for customization. It’s particularly well-suited for those who value interior space and outdoor room over modern construction, and for buyers who see the value in a home that already outperforms many local benchmarks for living area and lot size. A thoughtful perspective is that while the home is older than nearly all its peers, this has allowed it to occupy a larger parcel of land—a trade-off that can be advantageous for the right owner.
Frequently Asked Questions
1. What does the "Top 3%" ranking for living area actually mean?
It means that for homes on Mccalman Avenue, this property's living space is larger than about 97% of them. Compared specifically to similar one-and-a-half storey homes on the street, it ranks 8th largest out of 258.
2. The home is much older than average. What should I consider?
While the 1910 build date means potential for older systems and a need for updates, it also often correlates with character details and, in this case, a larger lot size than newer homes in the area. A thorough inspection is essential to understand the condition of the foundation, wiring, and plumbing.
3. How does the assessed value relate to the recent sale price?
The municipal assessed value is $30,200, used for property tax calculation. The home sold for $300,000 in November 2024. The sale price is the market value, which is significantly influenced by recent sales, condition, and demand, while the assessed value is an administrative figure that typically lags behind the market.
4. Is the detached garage included?
Yes, the listing specifies a detached garage. The size and condition are not detailed here, so this would be a point to verify during a viewing.
5. The home sold seven years ago for $280,000. What does that history indicate?
The sale in January 2017 for $280,000 and the recent sale for $300,000 suggest a relatively modest appreciation over that seven-year period. This could reflect the older condition of the home and may indicate a market that values the property more for its land and space than for the structure itself.