Property Overview & Key Characteristics
This 1969 two-storey home in Crestview offers a classic layout with 1,056 sq ft of living space on a generous, nearly 3,000 sq ft lot. Its key appeal lies in its established neighbourhood setting and the significant value represented by the land itself. The home presents a straightforward opportunity: it’s move-in ready but has an unrenovated basement, positioning it perfectly for buyers who prefer to customize over time or who value a lower entry price in a desirable area.
The property’s standout feature is its location within Crestview, which ranks in the top 1% of the neighbourhood. This suggests a highly sought-after street or pocket of the community. While the house itself is modest in size and age compared to others nearby, the lot size is a considerable asset. The assessed value is notably low relative to comparable homes, which could indicate an attractive purchase price or, for a certain buyer, a property with strong future valuation potential once updates are made.
This home would suit a first-time buyer looking for a foothold in a premium neighbourhood, or a practical investor seeking a property with strong land value and rental appeal. It’s also a match for a buyer who sees the appeal in a home that hasn’t been overly modernized, allowing them to add their own value and style without paying a premium for recent renovations they might want to redo.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this age?
In a 1969 home, this usually indicates original finishes, such as concrete floors, basic paneling or painted concrete walls, and likely dated lighting and flooring. It’s a blank canvas but will require investment to finish as modern living space.
2. The assessed value seems low compared to nearby homes. Is this a red flag?
Not necessarily. A lower assessment can reflect the home’s original condition relative to updated neighbours. It often translates to a more affordable purchase price and property taxes, but it’s crucial to have a home inspection to ensure there are no major underlying issues.
3. There's no garage. Is street parking a concern in this area?
The property has a large lot, so adding a driveway or future garage may be possible (subject to local bylaws). The data shows the home is on a quiet cul-de-sac or loop (Cavalier Drive), which generally means less through traffic and easier street parking compared to a main road.
4. How does the age and ranking of this home affect insurance or renovation costs?
Being built in 1969, core systems like plumbing and electrical may be original or partially updated, which can influence insurance premiums and should be inspected. Its age ranking suggests it's one of the older homes on its street, so renovations should be planned with potential era-specific materials (like asbestos in original flooring or insulation) in mind.
5. The lot is large, but the living area is modest. What are the implications?
This combination is a key feature. It offers valuable outdoor space for gardening, play, or entertaining that is rare in newer subdivisions. For the right buyer, it also presents a long-term opportunity for a significant addition or expansion, subject to zoning regulations, making it a property with built-in future potential.