Property Overview
This home at 81 Glenthorne Crescent presents a distinct value proposition centered on its generous lot. Built in 1962, the 1,011 sqft house sits on a 10,574 sqft property—a lot size that ranks in the top 5% citywide and is significantly larger than most in its immediate area. While the living space is modest and below the neighbourhood average, the assessed value is positioned solidly in the middle range for comparable homes.
The primary appeal lies in the land itself. It offers substantial outdoor space for gardening, recreation, or future expansion in the Minnetonka neighbourhood. This makes it ideal for buyers who prioritize private outdoor space over a large existing footprint, such as downsizers seeking a manageable home with a big yard, or handy individuals who see potential in the existing structure or the possibility of an addition. It’s a property where the value is more in the ground it sits on than in the current dwelling.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its 1962 build date, which is older than most on its street, buyers should budget for potential updates. The systems, roof, and interior likely require modernization or have been partially updated over time. A thorough inspection is essential.
2. How does the large lot impact property taxes?
While the lot is large, the assessed value—which taxes are based on—is around the average for the city and area. This suggests the taxes are not disproportionately high relative to the home's overall assessed worth.
3. What are the possibilities for expanding or redeveloping the house?
The large lot is a key asset for future potential. It could accommodate a significant addition, a garage, or even a new build, subject to local zoning and bylaws. This is a major draw for buyers with long-term renovation plans.
4. The last sale was between 2017-2017. What does that indicate?
The sale price from that period is no longer a direct indicator of current market value, but the length of ownership may suggest the sellers have substantial equity. It doesn’t inherently indicate a problem; many factors can lead to a longer tenure.
5. The living area is below average. Does the layout feel small?
At just over 1,000 sqft, the home is compact. The appeal is not in spacious interiors but in a efficient layout that pairs with extensive outdoor space. It would suit those comfortable with cozier living quarters who value a large yard as an extension of their home.