Property Summary: 21 West Lake Crescent
Key Characteristics & Appeal
This home at 21 West Lake Crescent in Waverley Heights presents a compelling, grounded opportunity. Its primary strength is an exceptionally large lot for its street—at 5,555 sqft, it ranks in the top 4% on West Lake Crescent, offering significantly more outdoor space than its immediate neighbors. The house itself, built in 1978, is newer than many in the wider neighborhood, suggesting potentially fewer age-related concerns. With 1,152 sqft of living space, it is sized comparably to area averages, functioning as a practical and comfortable footprint.
The appeal here is one of balance and potential. The assessed value sits notably below the Waverley Heights neighborhood average, which could indicate room for value growth, especially when paired with the premium lot size. This isn’t the largest or most expensive home on the block, but it offers a smart entry point into the area with a standout feature—the generous yard. It would suit first-time buyers or downsizers looking for a manageable home in a stable area without sacrificing outdoor privacy, or an investor-minded buyer who sees value in the land and the below-neighborhood-average assessment.
Frequently Asked Questions
1. How does the assessed value compare?
The home’s assessed value of $323k is around the average for its specific street but is below the broader Waverley Heights neighborhood average of $398k. This suggests a potential value opportunity within a desirable area.
2. Is the lot size truly a big advantage?
Yes, particularly on this street. The lot is over 1,900 sqft larger than the street average, ranking it 2nd largest out of 46 comparable properties. This provides rare extra space for gardening, expansion, or outdoor living that is uncommon for the immediate location.
3. What does the "Above Average" ranking for the build year mean?
It means this 1978 home is newer than most comparable homes in the Waverley Heights neighborhood. This can be an advantage, potentially indicating updated infrastructure (like wiring or plumbing) compared to older area homes.
4. Is the living space small?
At 1,152 sqft, it is slightly above the street average and slightly below the neighborhood average. It is a efficiently sized home that is typical for the city overall, suitable for individuals, couples, or small families.
5. Who is this property best suited for?
This property is ideal for a value-conscious buyer who prioritizes land and location over sheer interior size. It’s a strong fit for someone wanting to enter the Waverley Heights area, who may plan to update or expand the home over time while already enjoying a larger-than-average yard.