Property Overview
72 Montvale Crescent is a well-situated family home in the established Royalwood neighbourhood. Built in 2005, it offers a practical layout with 1,503 sqft of living space on a generous 4,725 sqft lot. A key feature is its renovated basement, adding valuable finished space, and it includes an attached garage. The home presents a solid value proposition, with an assessed value that positions it favorably within its immediate area.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, location, and move-in readiness. The renovated basement is a significant asset, offering immediate extra living area without the need for a major project. Its lot size is a standout, ranking in the top 9% on its street, providing ample outdoor space that is increasingly rare in newer subdivisions.
This home is ideally suited for first-time buyers or growing families looking for a established, low-maintenance neighbourhood with good schools and amenities. It also appeals to value-conscious buyers who want a home with recent updates (the basement) but are comfortable with a structure that is two decades old, avoiding the premium price of a brand-new build. A thoughtful perspective is that while the living area is average for the street, the combination of the large lot and finished basement effectively expands the usable space beyond the square footage listed, offering more versatility than initially apparent.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking or selling price?
The home is assessed at $514,000. It's important to note that assessed value is for municipal tax purposes and the market value is determined by recent sales of comparable properties, current demand, and the home's condition.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should verify the quality of the renovation, whether it includes a bathroom or kitchenette, and ensure all work was permitted.
3. The home last sold in 2017. What might this indicate?
A seven-year ownership period suggests the sellers have likely enjoyed stable tenure, which can be positive. It may also indicate that any updates (like the basement) were done for their own use, potentially with good quality materials.
4. The lot is large, but how is the property positioned?
With nearby references to homes on the same crescent, it's likely a standard residential street. The large lot could offer better privacy, garden potential, or room for additions, but the exact orientation and placement on the lot should be viewed in person.
5. How does this home rank for size and value in its area?
The data shows a mixed ranking: the lot size is excellent (top 3% in Royalwood), but the living area is more average (top 20% in the neighbourhood). This highlights the property's strength as a land value with a comfortable, updated home, rather than a maximized interior square footage.