284 Elmhurst Road

Property Overview

This 1994-built, two-storey home in Varsity View offers a well-established presence on a large, 8,072 sqft lot. Its key appeal lies in its above-average proportions and strong relative rankings across the neighborhood and city. With 1,527 sqft of living space and a finished basement, it provides ample room for a growing family or those who value space. The property consistently ranks in the top tiers for lot size, living area, and assessed value within its immediate area, suggesting a home that stands out in its local context for its substantial footprint and municipal valuation.

Its prime suitability is for buyers seeking a settled home in a mature neighborhood who prioritize lot size and interior space over a brand-new build. It would also resonate with value-conscious buyers who appreciate a home that compares favorably to its peers in key metrics. A less obvious angle is its potential for buyers who see value in a home from the 1990s—a period often offering modern layouts and construction standards while being past the major settling and initial defect phase of a new build.

Frequently Asked Questions

Q: How does this home truly compare to others in the area?
A: The data shows it ranks highly, especially for lot size and assessed value. It surpasses over 90% of homes on its street for lot size and assessment, and over 80% for living area, indicating it is a larger, more valuable property relative to its direct neighbors.

Q: Is a 1994-built home considered old?
A: While not new, it ranks as newer than over 80% of homes in the community and over 75% city-wide. This suggests the surrounding housing stock is older, positioning this home as a relatively modern option in a mature neighborhood.

Q: What does the "finished basement" include?
A: The listing confirms the basement is finished, adding to the home's usable living space. Specific details on rooms, ceiling height, or finish quality should be verified by a viewing or with the listing agent.

Q: Who might this property not suit?
A: It may not suit those seeking a brand-new, low-maintenance property or specific modern amenities like a swimming pool. Buyers wanting a smaller, more manageable yard might also find the large lot more than they need.

Q: The assessed value is high for the street. What does that mean?
A: A municipal assessment that surpasses 92% of neighboring homes typically reflects the property's larger lot, above-average living space, and overall condition relative to the area. It's a strong indicator of its standing for tax purposes, but market value can be influenced by other factors.