Property Overview
This is a compact, renovated one-storey home on a standard-sized lot in the established Crescentwood neighbourhood. Built in 1946, its primary appeal lies in its location on Corydon Avenue and its renovated basement, offering a lower-maintenance footprint in a desirable area. The living space is notably modest at 737 sq ft, positioning it well below the neighbourhood average, which suggests it is likely one of the more accessible entry points into this sought-after community. The detached garage and 5,092 sq ft lot provide practical utility and outdoor space uncommon for such a small home.
It would suit a specific buyer: perhaps a minimalist, a first-time buyer prioritizing location over size, or an investor looking for a character property in a prime rental area. Its below-average assessed value for Crescentwood indicates it's a relative value within the neighbourhood, but buyers should be prepared for a cozy interior. The appeal is less about grandeur and more about securing a renovated, efficient home in a premier location without the premium typically attached to larger houses in the area.
Frequently Asked Questions
1. Is the house as small as the living area suggests?
Yes, at 737 sq ft, the main floor living area is significantly smaller than most homes in Crescentwood. This emphasizes a efficient, low-maintenance lifestyle. The renovated basement adds functional space, but the overall footprint is compact.
2. Why is the assessed value so much lower than the neighbourhood average?
The assessed value is tied to the property's physical characteristics. Because the living area is much smaller than the Crescentwood average, the assessment is proportionally lower. This doesn't necessarily reflect the property's market value, which is heavily influenced by its desirable location.
3. What does "renovated basement" typically mean for a home of this era?
For a 1946 home, a renovated basement often means updated finishes, improved moisture control, and legal egress. It's crucial to verify the permits and scope of the renovation, as foundational and mechanical updates are as important as cosmetic improvements in an older home.
4. Who would this property not suit?
It would not suit buyers needing multiple bedrooms, dedicated home office space, or those who prefer spacious, open-concept living. The layout and square footage are best for individuals, couples, or small families comfortable with a cozy environment.
5. Is the lot size a benefit despite the small house?
Absolutely. The 5,092 sq ft lot is a significant asset. It offers ample outdoor space for gardening, entertaining, or future expansion (subject to zoning), which is a rare combination with such a modestly sized house in this location. It provides flexibility that the interior does not.