96 Addison Crescent – Property Summary
Key Characteristics & Buyer Profile
This 1,482 sqft home on Addison Crescent stands out most for its living space. Within its own street (59 homes), it ranks in the top 12%, and across the Westwood neighbourhood (2,523 homes), it falls in the top 29%. That means the interior is noticeably larger than many nearby homes, while the lot itself is more modest: 5,121 sqft places it in the bottom 15% on the street and bottom 5% in the neighbourhood. The assessed value reflects this—at $323,000, it’s well below both the street and neighbourhood averages, ranking in the bottom 3% and 11% respectively. Built in 1963, its age is typical for the area.
The appeal here is straightforward: you get more indoor room on a smaller, lower-valued lot. For buyers who prioritise interior square footage over outdoor space or who are less concerned with land size as an investment, this property offers better value per square foot of living area than many comparable homes in Westwood. It would particularly suit someone looking for a solid, mid-century home with generous interior proportions, where the lower land assessment may also mean relatively lower property taxes compared to neighbours. The combination of above-average living space and below-average lot size is an uncommon trade-off that could appeal to those who see the house itself as the primary asset.
Five Possible FAQs
1. How does the property’s lower assessed value affect its resale potential?
Lower assessment doesn’t necessarily limit resale value—it can be a positive for buyers focused on tax efficiency. However, the home’s smaller lot relative to the neighbourhood might be a factor for future buyers who expect more land. The living space is the stronger selling point.
2. Is the lot size a drawback for typical family use?
At 5,121 sqft, it’s smaller than average for Westwood, but still a standard urban lot. It’s unlikely to feel cramped unless you’re used to a large yard. The trade-off is less garden maintenance, which some buyers prefer.
3. Does the 1963 build mean there are likely major updates needed?
Not necessarily. Age alone doesn’t indicate condition. The important thing is whether major systems (roof, plumbing, electrical, furnace) have been updated. A home inspection would clarify this. The build year is typical for the street.
4. How do property taxes compare to other homes on the street?
Because the assessed value is lower than most homes on Addison Crescent, property taxes are likely lower as well. This is a direct financial advantage for the owner, especially compared to neighbours with higher assessments.
5. Is this a good investment property?
It depends on your strategy. If you’re looking for rental income based on square footage, the larger interior is a plus. But if you’re banking on land appreciation, the lot size and its below-average rank suggest slower gains in that area compared to properties with larger plots.