Property Overview

This 1954 one-storey home in Crescent Park offers a classic, grounded opportunity. Its primary appeal lies in a substantial, well-sized lot that ranks in the top tier for the street and city, providing valuable outdoor space and potential. The home itself is modest in living area, but features a renovated basement, adding functional space. It is suited for a first-time buyer, an investor, or someone seeking a lower-maintenance property with the land value and location as the cornerstone. It’s a practical choice for those who see the underlying asset—the land in a mature neighbourhood—as the key draw, rather than a move-in-ready, modern footprint.

Key Characteristics & Appeal

• Land Value & Potential: The standout feature is the 8,403 sqft lot, which is significantly larger than averages for the street, neighbourhood, and city. This is a long-term asset, offering privacy, garden space, and future expansion potential.
• Updated Practicality: The home includes a renovated basement, providing immediate usable living space without a major project. The detached garage adds utility and storage.
• Neighbourhood Context: Located in established Crescent Park, the property sits on a street where homes are of a similar vintage. The assessed value is solid for the area, suggesting it is a stable, known quantity.
• Ideal Buyer Profile: This property suits a pragmatic buyer. It could be ideal for someone comfortable with a home whose living space is cozy rather than expansive, but who values the lot size for gardening, pets, or future plans. It also presents a clear value proposition for an investor looking at the lot size and renovation already undertaken on the basement.

Frequently Asked Questions

1. Is the sale price from 2016 relevant today?
The 2016 sale price of $34,100 is a historical data point. The current assessed value is significantly higher at $42,300, which is a better, though not definitive, indicator of its municipal valuation for the current market.

2. The living area seems smaller than average. Is the house too small?
At 1,036 sqft, the above-ground living area is indeed below the neighbourhood average. However, the renovated basement effectively adds to the usable space. This layout may appeal to those who prefer single-level living or see the basement as a flexible family, recreational, or rental space.

3. What does the lot size ranking actually mean for me?
Ranking in the "Top 7%" on the street and "Top 10%" city-wide for land area means this property is on a larger parcel than most comparable homes. This translates to more yard, greater distance from neighbours, and potentially more options for landscaping, additions, or outbuildings (subject to zoning).

4. As a 1954 home, what should I be prepared for?
While the basement is renovated, a home of this age will likely have original or aging core components like plumbing, electrical, windows, and the roof. A thorough inspection is essential to understand the condition and timeline for any updates.

5. Who are the most likely neighbours or buyers for this street?
The consistent year-built data shows the street is primarily composed of homes from the same era. This often results in a neighbourhood with a stable, long-term community. Future buyers for your home would likely be similar to you: attracted to the mature setting and lot size characteristic of the area.