Property Summary: 1077 Dorchester Avenue, Crescentwood
Key Characteristics & Appeal
This is a classic two-and-a-half storey home built in 1914, offering 1,590 sqft of living space on a 3,031 sqft lot in the established Crescentwood neighbourhood. Its key appeal lies in its location and value proposition within a desirable area. While the home itself presents as a functional, unrenovated character property with a detached garage and an unfinished basement, its assessed value of $340k is notably below the averages for both its street and neighbourhood. This creates a distinct opportunity: entry into a prime area at a relatively accessible price point, ideal for a buyer willing to take on updates over time.
The home would suit a practical buyer who values location over immediate move-in perfection. It’s a fit for a first-time purchaser in Crescentwood, an investor looking for a character property with long-term upside, or a hands-on owner who envisions customizing a historic home to their own taste without the premium of a fully renovated listing. A thoughtful perspective is that while the lot is smaller than most in the area, this can mean less maintenance and a more manageable yard, which some buyers may prefer. Its above-average living space compared to the city-wide norm suggests a comfortable interior layout, despite being more modest for the immediate area.
Frequently Asked Questions
1. Is this a fixer-upper?
Yes, the listing notes the basement is "not renovated," and the home’s age and below-average assessment for the area suggest it would benefit from modernization. Buyers should budget for updates.
2. How does the value compare to the neighbourhood?
The home’s assessed value ($340k) is in the bottom 15% for Dorchester Avenue and bottom 7% for Crescentwood, indicating it is priced significantly below area norms, likely reflecting its condition.
3. What is the lot size, and is it typical?
The lot is 3,031 sqft, which is smaller than most in Crescentwood (ranking in the bottom 10% for the neighbourhood). This is a key differentiator from larger, estate-style lots in the area.
4. Was it recently sold?
Yes, records show a sale in April 2024 for $371,000. This recent transaction provides a clear, current market price benchmark above its assessed value.
5. What is the home’s ranking for living space?
While below the neighbourhood average, its living area is above average city-wide (top 26%). This indicates a reasonably sized home overall, though more compact compared to its immediate peers on the street and in Crescentwood.