Property Overview: 115 Martin Avenue W, Glenelm
Key Characteristics & Buyer Profile
This well-maintained two-storey home in Glenelm offers a practical blend of character and modern updates. Built in 1913, its 1,180 sqft of living space is notably above average for its immediate street and neighborhood, providing more room than many comparable homes nearby. A key feature is the renovated basement, adding functional living space. The property stands out for its strong assessed value relative to the local area, ranking in the top tiers on Martin Avenue W and in Glenelm, which suggests a solid investment in a stable community. The lot size is standard for the street but more compact compared to wider city averages.
Its appeal lies in a move-in-ready home within a mature neighborhood, offering the charm of an older home without a full renovation project. The data indicates a property that has been cared for and holds its value well in its local context. This home would suit first-time buyers or downsizers seeking a manageable, updated property in an established area. It’s also a sensible choice for value-oriented buyers who prioritize a home’s condition and livable space over a large yard or a newer build date.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in June 2023 for an estimated $26.5k–$29.5k, which aligns closely with its current $27.5k assessment. This consistency suggests a stable market valuation.
2. Is the lot size a limitation?
At just under 2,700 sqft, the lot is typical for the street but smaller than the Glenelm and city-wide averages. It suits low-maintenance outdoor living but may not accommodate large additions or extensive landscaping.
3. What does the "above average" ranking for the street really mean?
For both living area and assessed value, this home ranks in the top 17% and 11% respectively on Martin Avenue W. This means it offers more space and is valued higher than the majority of its direct neighbors, which can be a positive for resale.
4. As a 1913 home, what should I be aware of?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should ensure inspections cover foundational integrity, original plumbing, and electrical systems, even if updates have been made.
5. Who are the typical neighbors?
The immediate proximity of very similarly sized and styled homes on Martin Avenue W indicates a uniform, close-knit streetscape. Buyers should expect a neighborhood character of modest, well-kept older homes.