Property Overview: 916 Crescent Drive

Key Characteristics & Appeal

This one-storey home in Crescent Park is defined by its exceptional, oversized lot. At over 16,300 square feet, the land is its most significant feature, ranking within the top 6% of similar properties on its street and the top 2% citywide. This offers rare potential for expansion, gardening, or simply enjoying extensive private outdoor space. The house itself, built in 1968, is newer than many in the immediate area and features a renovated basement. With a living area of 1,440 sq ft, it provides comfortable, single-level living.

The appeal lies in a unique combination: a home with modernized essentials on a truly premium parcel of land in a well-established neighbourhood. Its assessed value places it well above average, reflecting its desirability. This property would best suit a buyer who prioritizes land size over a large existing footprint—ideal for someone looking for a generous yard, future building potential, or a peaceful retreat close to the city. It also fits a buyer seeking a solid, updated base in a prime location where the value is heavily anchored in the property itself.

Frequently Asked Questions

1. Is the land actually usable, or is it an odd shape?
While the listing doesn't specify the exact dimensions, a lot of this size in an established neighbourhood like Crescent Park typically offers generous width and depth, providing usable space for recreation, additions, or landscaping.

2. The sale price from 2023 seems low compared to the assessed value. Why is that?
This is an important point to clarify with your real estate agent. A significant discrepancy can sometimes indicate a non-arms-length transaction (like between family members), a sale with conditions, or it may reflect a prior state of the property before any renovations. The current assessed value is likely a better gauge of its market position today.

3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not detail the scope. This should be a key question for the seller to understand if it’s a finished living space, updated utilities, or both, and to confirm permits where necessary.

4. How does the smaller living area compare to the large lot affect value?
This is the core dynamic of this property. The value is disproportionately in the land. For the right buyer, this is a benefit—you're paying for future potential and space rather than for a large, possibly outdated, structure you might need to remodel. It represents a different kind of value proposition.

5. The home is older; what should I be mindful of?
Built in 1968, major systems like the roof, plumbing, electrical, and foundation should be professionally inspected. The good news is that, according to the data, the home is newer than many on the street, which may mean some updates have already been addressed.