Property Overview
This one-and-a-half storey home, built in 1927, presents a compelling opportunity defined by its generous space and land. Its primary appeal lies in its significant above-average living area of 1,901 sq ft and an expansive, elite-sized lot of 6,599 sq ft within the Glenwood neighbourhood. While the basement is noted as unrenovated and there is no garage, the property’s assessed value is strong for its immediate area. This combination suits buyers looking for a classic home with ample room for gardens, additions, or outdoor living. It’s particularly well-matched for those who value interior space and land size over modern finishes, and who have the vision or budget to update an older character home to their taste. A thoughtful perspective is recognizing that such a large lot in a mature neighbourhood offers not just privacy, but also long-term potential that newer subdivisions rarely provide.
Frequently Asked Questions
1. What does "one & 1/2 storey" typically mean for a 1927 home?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. For a home of this age, it suggests classic architecture but may involve unique layouts or smaller upper-level windows.
2. The assessed value seems low compared to the living area and lot size. Why?
The assessed value is for municipal tax purposes and is influenced by many factors, including the age of the home and the condition of finishes and systems. The data shows this home’s assessment is above average for its street and neighbourhood, indicating its inherent value is recognized, but the price may reflect its need for updates.
3. What are the implications of having an unrenovated basement?
This means the basement space is functional but likely retains its original or older-state materials, systems, and layout. It presents both a blank canvas for finishing and a need for a thorough inspection to assess the foundation, plumbing, and electrical condition.
4. How significant is the lack of a garage?
For this property, the exceptional lot size offers ample space to add a garage or a large driveway if desired. Its absence keeps the purchase price lower but is a factor for buyers who need immediate covered parking or storage.
5. The home is older than most in Glenwood. Should I be concerned?
The year built (1927) is around average for its street but older than many in the wider area. This isn’t inherently a concern, but it underscores the importance of a thorough inspection for older plumbing, wiring, and insulation to understand any upcoming maintenance or efficiency upgrades needed.