276 Victoria Crescent

Property Summary: 276 Victoria Crescent

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of space, established character, and a premium lot. Its nearly 1,900 sqft living area is notably above average for both its street and the wider city, offering generous interior space. The true standout feature is the land: at over 21,000 sqft, the lot size is in the elite top 1% city-wide, providing exceptional outdoor potential, privacy, and rarity value. Built in 1944, the home is one of the older properties in its immediate neighborhood, suggesting classic construction and possibly mature landscaping.

The appeal lies in this unique balance. It offers more house and significantly more land than typical city properties, while still being competitively sized on its own desirable street. The assessed value reflects this, ranking in the top 4% city-wide, indicating official recognition of its premium attributes. This property would best suit a buyer who values expansive outdoor space for gardens, recreation, or future projects, and who appreciates the character of an established home. It’s for those prioritizing lot size and interior space over a newer build, and who understand they are acquiring a property with standout metrics in the broader market.

Section 2: Frequently Asked Questions

Q: The home is older than most in the area. Should I be concerned?
A: An older build date (1944) primarily highlights the need for a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof. It also often means mature trees and established neighborhoods. The key is the home's maintenance history, not just its age.

Q: The assessed value is very high city-wide but average for the neighborhood. What does that mean?
A: This indicates you are looking at a high-value neighborhood where this property, while valuable in the grand scheme of the city, fits the local norm. It suggests the area itself is a premium one, and this home is a representative entry point into it.

Q: How significant is the lot size practically?
A: A lot in the top 1% city-wide is a major asset. It offers privacy, space for additions like a garage or studio, extensive gardening, and room for outdoor living. It's a long-term feature that is increasingly rare and cannot be added to most properties.

Q: The living area is above average, but the year built is below average. Is that a trade-off?
A: Often, yes. Older homes can have more generous room sizes, layouts, and construction materials than some newer builds, but may require updates. This data suggests you are getting more interior space, but should budget and inspect accordingly for modernizations.

Q: Do the high rankings mean this property is overpriced?
A: Not necessarily. The rankings show how it compares statistically to other homes on key metrics. A high rank in value and lot size confirms it is considered a premium property. The market price will determine if it's overvalued, but the data shows its objective standing is strong.