Property Overview: 1081 Corydon Avenue, Crescentwood
Key Characteristics & Appeal
This two-storey home on Corydon Avenue is a solid, above-average offering in a desirable neighbourhood. Built in 1956, it is notably newer than most homes in historic Crescentwood, potentially suggesting fewer concerns with antiquated systems common in century-old properties. With 1,944 sqft of living space, it provides ample room, ranking in the top 11% for size on its street. The property includes a detached garage and a standard-sized lot just under 5,000 sqft.
Its primary appeal lies in its strong positional metrics. It sits on a main artery in a prestigious area, offering convenience and cachet. The home’s assessed value and living area consistently rank "above average" both on its street and citywide, indicating a property that stands out in key quantitative measures. The appeal is for a buyer who values a move-in-ready canvas—the basement is noted as "not renovated," which could be seen either as a project or as an opportunity to customize without the need to undo a poor prior renovation. It would suit a professional or a growing family seeking established neighbourhood character with a relatively more modern home base, who may have the appetite for future basement development.
Frequently Asked Questions
1. How does the 2023 sale price of $420k relate to the much lower assessed value?
The assessed value (approximately $47,800) is for municipal tax purposes only and is not an indicator of market value. The sale price is the true market benchmark.
2. What are the implications of the home being "newer" than most in Crescentwood?
While you still benefit from the mature neighbourhood, a 1956 build may have more modern wiring, plumbing, and insulation standards than the many pre-1920 homes in the area, potentially reducing immediate upgrade costs.
3. The lot size is noted as "below average" for Crescentwood. Is this a major drawback?
The lot is still a generous 4,844 sqft. While some Crescentwood properties have larger estates, this size is very functional and above the city average, likely offering a balanced yard without excessive maintenance.
4. What is the likely condition given the data?
The specifics aren't listed, but the metrics suggest a well-sized, well-positioned home that hasn't been fully modernized (note the basement). Buyers should budget for updates reflective of a home from the 1950s.
5. Who might this property not suit?
It may not suit those seeking a fully renovated, turn-key property or a vast, private lot. It's also on a busy avenue, which may not appeal to those prioritizing absolute quiet.