Property Overview: 919 Mccalman Avenue, East Elmwood
Key Characteristics & Appeal
This one-and-a-half storey home on Mccalman Avenue is a classic East Elmwood property, built in 1946. With 981 square feet of living space and a detached garage, it sits on a solid, average-sized lot of just under 4,400 square feet. The data reveals a property that is very much in line with its immediate neighbourhood in terms of size and age, but it stands out for its notably low municipal assessed value compared to both the street and the wider city. This creates a distinct profile: it’s a home that offers the established character and lot size typical of the area, but may present an accessible entry point from a tax and potential purchase price perspective.
Its primary appeal lies in its position as a potential value proposition in a mature neighbourhood. It would suit a first-time buyer looking for a manageable, character home with room to grow outdoors, or an investor seeking a property with fundamentals that align with the local market but with a lower assessed value baseline. A thoughtful perspective is that while its living space is modest, the lot size offers a relative luxury for the area—space for gardening, recreation, or future expansion that can be harder to find in newer subdivisions. It’s a home for someone who values the established tree-lined streets of East Elmwood and sees potential in a property where the value is rooted more in the land and location than in the current structure.
Frequently Asked Questions
1. What does the low assessed value mean for me?
A lower assessed value typically results in lower municipal property taxes, which is a direct annual savings. It’s important to note that assessed value is not market value; the sale price is determined by the market. This discrepancy can sometimes indicate an opportunity.
2. Is the living space sufficient for a small family?
At 981 sq ft, the living area is slightly above average for similar homes on Mccalman Avenue but below the city average. It would be a comfortable fit for a couple, a small family, or a single buyer, but may feel compact for those needing multiple large bedrooms or dedicated work-from-home spaces without considering potential renovations.
3. How does the 2019 sale price relate to today’s value?
The home sold for $18,500 in October 2019. This historical price is a data point, but market conditions have likely changed significantly. Current value would be determined by recent comparable sales, market trends, and the property's present condition.
4. What are the implications of a home built in 1946?
Homes of this era often feature solid construction and character, but may require updates to mechanical systems (like plumbing or electrical), insulation, and windows. A pre-purchase inspection is highly recommended to understand the condition and any modernizing needs.
5. How does this lot size compare to newer homes?
At 4,393 sq ft, the lot is a strong feature. It is larger than many lots in newer infill developments and provides generous outdoor space for its neighbourhood, which is a key advantage for privacy, gardening, or outdoor living.