Property Overview & Key Characteristics
This 1913 two-and-a-half storey home in Norwood West offers a blend of historic charm and modern updates, anchored by a generous lot and above-average living space for the area. Its key appeal lies in its size and positioning within a well-established neighbourhood. With 2,006 sqft of living area, it ranks in the top 2% on its street and top 11% in Norwood West for space, making it a notably roomier option compared to many character homes. The property sits on a 3,439 sqft lot and features a renovated basement and a detached garage.
The home suits buyers looking for a substantial character property without the smallest floor plans typical of the era. It would appeal to those who value space for a growing family or a home office, and who appreciate a neighbourhood with mature streetscapes. A thoughtful perspective is its assessed value, which is moderate for the neighbourhood, potentially indicating room for value growth as updates continue. Its appeal is practical for someone wanting the charm of Norwood West but needing more square footage than many comparable homes offer.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
This home is significantly larger than most in the immediate area. At 2,006 sqft, it has nearly 450 more sqft than the directly comparable reference property at 89 Claremont Avenue, which was built the same year.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the listing agent to understand if it’s a finished living space, a modern utility area, or has a separate entrance.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value of $39,300 is for municipal tax purposes. Nearby sales, like 95 Lloyd Street at a $34.5k assessment or 162 Monck Avenue at $57.7k, show that market value can differ significantly based on condition, updates, and specific features.
4. How does the lot size impact the property?
At 3,439 sqft, the lot is above average for the street (top 40%). This provides more outdoor space than many neighbouring properties and potential for gardening, expansion, or adding amenities like a larger deck.
5. What are the considerations with a 113-year-old home?
While offering character, a home from 1913 will likely have older infrastructure. The renovated basement is a plus, but buyers should budget for and investigate the age and condition of major systems like the roof, plumbing, and electrical, even if recently updated.