31 Glenlawn Avenue

Property Overview

This one-and-a-half storey home in Elm Park offers a blend of classic character and practical space. Its primary appeal lies in its generous 1,743 sqft of living area, which ranks in the top 7% for size on its street and the top 13% within the desirable Elm Park neighbourhood. This means you get significantly more interior space than most comparable homes in the area. The home sits on a 5,078 sqft lot and features a renovated basement, adding to its functional living space. Built in 1949, it is a mature property with an assessed value that is very typical for the local market.

The home is well-suited for buyers who prioritize interior square footage over a large yard, making it ideal for small families, remote workers needing dedicated office space, or anyone who values spacious older homes with established neighbourhood charm. Its average assessment for the area suggests it is not over-improved relative to its surroundings, which can be appealing for those seeking a sensible investment in a stable community. A thoughtful perspective is that while the lot size is below average for Elm Park, this often translates to less maintenance, which can be a significant advantage for busy professionals or downsizers.

Frequently Asked Questions

1. How does the living space compare to other homes?
The living area is a standout feature. At 1,743 sqft, it is notably larger than most similar homes on Glenlawn Avenue and within the broader Elm Park neighbourhood, placing it in the top 13% for size locally.

2. What is the significance of the assessed value being "around average"?
An assessed value that is typical for the street and neighbourhood (ranking in the 44th-45th percentile) suggests the property is valued in line with the local market. This can indicate stability and may mean there is less risk of being over-assessed compared to surrounding properties.

3. Is the smaller lot size a disadvantage?
While the lot is below the neighbourhood average, this isn't uncommon for the street itself. A smaller lot typically means less yard work and lower maintenance, which many buyers see as a practical benefit. It still provides adequate outdoor space for gardening or relaxation.

4. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the finishes or layout. This is a key point to clarify with the listing agent to understand the quality of the renovation and how the space can be utilized.

5. The home was last sold in 2016. What should I consider?
The 2016 sale price provides historical context, but the current market conditions and any updates made since that purchase will be the primary drivers of today's value. It’s wise to research how property values in Elm Park have trended over the last eight years.