Property Overview
This one-and-a-half storey home on Mccalman Avenue in East Elmwood presents a distinct profile. Its key appeal lies in offering above-average interior space within a mature, established neighbourhood. With 1,320 sqft of living area, the home ranks in the top 15% for size in East Elmwood, providing more room than many area comparables. This is complemented by a renovated basement, adding functional living space. The home sits on a standard city lot with a detached garage.
Its characteristics suggest it would suit a practical buyer looking for value in square footage over a modern build date. The 1912 construction means it appeals to those comfortable with the character and potential upkeep of a century home, or an investor seeking a property with solid fundamentals in a stable area. The assessed value is modest relative to the city-wide average, which could indicate a manageable property tax burden. This isn't a luxury property, but a grounded option for buyers prioritizing interior space and neighbourhood affordability over a new build or a large lot.
Frequently Asked Questions
Is the older construction date a major concern?
While the 1912 build is older than most area homes, it's not uncommon for the street and neighbourhood. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, which may have been updated over time.
How does the assessed value compare to the last sale price?
The property was last sold in September 2020 for $22,800. Its current assessed value of $240,000 is significantly higher, reflecting a market-wide reassessment and increase in values, not necessarily a direct indicator of its current market sale price.
What does the "above average" living area ranking mean?
It means this home offers more interior square footage than 85% of similar homes in East Elmwood. For the neighbourhood, it's a spaciously sized property, which is its standout feature compared to local averages.
The lot size is ranked below average. Is that a problem?
The lot is typical for the immediate street and area. It provides standard outdoor space for a city home but may not suit someone seeking extensive yard space for gardening or recreation. The focus here is on the interior living space.
Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home without renovation projects, or those prioritizing a very large private yard. The older build and average lot size are trade-offs for the above-average interior space at a relatively modest assessed value.