Property Overview: 745 Beach Avenue, East Elmwood
Key Characteristics & Appeal
This two-storey home at 745 Beach Avenue stands out in its East Elmwood neighbourhood for its modern build date and efficient use of space. Built in 2015, it is a notably newer construction compared to most homes on its street and in the wider area, which typically date from the mid-20th century. This translates to potential benefits like contemporary building standards, newer major systems, and less immediate need for major updates.
With 1,256 sqft of living space, the home offers above-average roominess for both Beach Avenue and East Elmwood, providing comfortable scale without being excessive. Its appeal is grounded in this balance of modern amenities and manageable size. The property does have a smaller-than-average land footprint (2,756 sqft), which means lower exterior maintenance but also more limited private outdoor space compared to neighbours.
This home would ideally suit first-time buyers or downsizers seeking a modern, low-maintenance property in a well-established neighbourhood. It’s also a practical choice for value-conscious buyers who prioritize a newer building envelope and interior over having a large yard. The unrenovated basement presents a clean canvas for future customization.
Frequently Asked Questions
1. What are the main advantages of this home's 2015 build year?
Beyond just being newer, it likely means modern insulation, wiring, plumbing, and windows, which can lead to greater energy efficiency and reliability, reducing surprise repair costs common in older homes.
2. The land area is noted as smaller than average. What does this mean practically?
It primarily means a more compact yard. This is a advantage for those wanting minimal lawn care and landscaping chores, but a consideration for those envisioning extensive gardens, large decks, or future additions.
3. How does the assessed value compare to recent sale prices?
The current assessed value is $33.10k. The home last sold in February 2021 for $31.70k, showing relative stability. It's important to consult a real estate professional for a current market valuation, as assessed value for taxes doesn't always equal market price.
4. What is the neighbourhood character of East Elmwood?
East Elmwood is a mature, established neighbourhood with a mix of older, post-war homes and some newer infill builds like this one. It offers a community feel with local amenities, without the premium price tag of some other city sectors.
5. The basement is noted as "not renovated." What condition should I expect?
This typically means the basement is unfinished or in a basic, utilitarian state. It has been used for storage, laundry, and mechanical systems, but presents an opportunity to add living space according to your needs and budget.