14 Peel Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1968 home with 998 square feet of living space on a 6,608-square-foot lot. What stands out most is the land. The lot ranks in the top 20% city-wide, top 14% within the Westdale neighbourhood, and top 24% on Peel Crescent specifically. That’s an unusually generous piece of property relative to the house size. The living area itself is modest—above average for the street but below average city-wide. The assessed value of $338,000 sits near the middle of the pack on Peel Crescent, though it’s above the neighbourhood average of $307,400.
The appeal here is rooted in potential rather than polish. The land-to-house ratio suggests room for expansion, landscaping, or simply having more outdoor space than most comparable homes in the area. For someone looking to get a foothold in Westdale—a well-regarded neighbourhood near the university and parks—this offers a chance to buy into a desirable location without paying a premium for a fully renovated interior. The house is not new and not large, but the lot gives it options that many neighbours don't have.
This property would suit a buyer who values location and yard space over square footage. A practical buyer willing to invest sweat equity or plan a future addition. Also a good fit for someone who wants the Westdale address but doesn’t need a big house—perhaps a downsizer, a young family who prioritizes outdoor play space, or an investor eyeing lot value over time.
Frequently Asked Questions
1. How does the living area compare to other homes in Westdale?
The home’s 998 square feet is slightly below the Westdale neighbourhood average of 1,029 square feet. On Peel Crescent itself, it’s above average—ranked 3rd out of 17 homes. So it’s a smaller home compared to the broader neighbourhood, but one of the larger ones on this particular street.
2. Is the assessed value reasonable given the property’s condition?
The assessed value of $338,000 is close to the street average of $339,400. It’s above the Westdale neighbourhood average of $307,400, likely reflecting the larger lot. Compared to the city-wide average of $390,100, it’s below. Whether it’s “reasonable” depends on the home’s condition, which isn’t detailed here, but the assessment aligns closely with similar properties on the street.
3. What does the lot size actually mean in practical terms?
At 6,608 square feet, the lot is 15% larger than the street average and 28% larger than the Westdale neighbourhood average. It ranks in the top 20% city-wide. That translates to more backyard space, potential for a garage or workshop, or room to add square footage through an extension—subject to zoning, of course.
4. How does the year built affect the home’s value or maintenance outlook?
Built in 1968, the home is newer than most on Peel Crescent (ranked top 29%) but older than the surrounding Westdale area, where the average year built is 1971. City-wide, it’s right around the median. A 1968 build means the home is approaching 60 years old, so major systems (roof, furnace, windows, plumbing) may need attention or replacement. That said, it’s a well-established era for construction, and many homes from this period are structurally sound with good bones.
5. What makes this property stand out compared to others in its price range?
The combination of being in Westdale—a sought-after, established neighbourhood—with a top-tier lot size is unusual at this price point. Many homes in the area are either smaller lots or significantly more expensive. The assessed value suggests it’s priced more like a standard family home, but the land is what you’re really getting value from. A potential drawback: the modest living area means it may not suit buyers who need more indoor space immediately.