Property Overview
This 1943 one-storey home on a 4,002 sqft lot in Crescentwood presents a distinct opportunity. Its primary appeal lies in its location within a desirable, established neighbourhood, paired with a property profile that suggests significant potential for customization or redevelopment. The home itself is modest, with 829 sqft of living space and an unrenovated basement, and it is accompanied by a detached garage.
Key Characteristics & Buyer Profile
The standout feature is the lot itself. While the living area is notably smaller than most homes in Crescentwood and on Dorchester Avenue, the property benefits from a very favourable year of construction compared to its immediate peers, meaning the core structure may be relatively younger than many in the area. The assessed value is below average for the neighbourhood, which often indicates a property valued more for its land than its current improvements.
This property would suit a specific type of buyer: those looking for an entry point into a premium neighbourhood who are prepared for a renovation or rebuild project. It’s also a potential fit for an investor or builder seeking a lot with redevelopment potential in a prime location. The low living area and unrenovated state make it less suitable for someone seeking a move-in ready home in this price bracket.
Frequently Asked Questions
1. Is this a teardown property?
While not explicitly marketed as such, the data suggests it's a strong candidate. The living space is among the smallest in the area, and the basement is unrenovated. The value is largely in the desirable lot location.
2. How does the year built compare to the neighbourhood?
Built in 1943, the home is actually newer than the average for both Dorchester Avenue and the wider Crescentwood area, where many homes date from the 1920s. This is a positive for the core structure's age.
3. What does the assessed value tell me?
The assessed value is below the neighbourhood average, which typically reflects the home's current condition and size rather than the land's market value. It's important to note that sale price can differ significantly from the assessed value.
4. What are the main considerations for a renovation?
Any renovation would need to address the unrenovated basement and the overall smaller living footprint. Buyers should budget for modernizing all systems and potentially expanding the living space, subject to local zoning.
5. How does the lot size compare?
At just over 4,000 sqft, the lot is below average for Crescentwood but provides a standard footprint for the area. It offers adequate outdoor space and is typical for a detached home in this part of the city.