81 Evenwood Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a home with an unusual profile: it sits on one of the largest lots on the street—4,862 sqft, ranking in the top 5% on Evenwood Crescent—while the living area is notably compact at 848 sqft. The assessed value of $298,000 is the highest on the street, well above the street average of $265,800, yet the home itself ranks below average for living space both in the Westdale neighbourhood and citywide. Built in 1970, it is one of the older homes on the street (top 91% by age), though right around average for the city as a whole.

Where the appeal lies: The property offers something increasingly rare in established neighbourhoods—a large, usable yard paired with a smaller, more manageable house. For someone who prioritises outdoor space, gardening, or future expansion potential over square footage, this could be a strong match. It also stands out on its street for value: the assessed value suggests this home is priced at a premium relative to nearby properties, likely due to the lot size rather than the house itself.

What type of buyers it would suit: This is not a house for someone seeking maximum interior space for the money. It works best for buyers who are willing to trade living area for land—perhaps a couple, a small family, or someone who plans to renovate or add on. It could also appeal to investors or homeowners who see long-term value in a large lot on a desirable street, even if the house is modest. Buyers who want a turnkey, spacious interior should look elsewhere in Westdale or consider homes with a smaller lot but more square footage.

Five Possible FAQs

1. Why is the assessed value so high on this street if the house is small?
The assessed value reflects the land more than the building. This lot is considerably larger than most on Evenwood Crescent (roughly 1,300 sqft above the street average). In areas where land is scarce or desirable, a larger lot can drive up the overall assessed value, even if the house itself is modest.

2. How does this home compare to others in Westdale overall?
In the Westdale neighbourhood, this property is below average for living area (top 82%) and roughly average for assessed value (top 53%). The lot size is also around average for the neighbourhood. So while it stands out on its own street, it doesn't quite do the same within the broader neighbourhood.

3. Is the small living area a dealbreaker for resale?
Not necessarily, but it depends on the buyer pool. Homes with large lots and smaller floorplans often attract buyers who plan to expand or who simply want less indoor maintenance. As long as the price reflects the compact living space, resale should be reasonable—but it may take longer to sell than a similarly priced home with more square footage.

4. Could I add onto this house in the future?
Possibly. The large lot provides physical space for an addition, but that depends on zoning setbacks, building codes, and the condition of the existing structure. A 1970 build is old enough that you'd want a structural inspection before assuming major renovations are straightforward. Always check with the city on allowable lot coverage and any heritage restrictions in Westdale.

5. Why is this home ranked lower for year built on the street but average citywide?
The street itself has newer homes overall—the average on Evenwood Crescent is a 1971 build, so a 1970 home is among the older ones there. But citywide, the average comparable home was built around 1966, so this 1970 home actually falls right in the middle. The street simply skews slightly newer than the city average.