Property Overview: 1205 Corydon Avenue, Crescentwood
Key Characteristics & Appeal
This is a compact, one-storey home on a standard-sized lot in the well-established Crescentwood neighbourhood. Built in 1946, its primary appeal lies in its location on Corydon Avenue, placing the buyer in a prime, walkable area with immediate access to shops, cafes, and services. The home features a renovated basement and a detached garage.
The data reveals a property of contrasts. While the land size is typical for the street, the living area (768 sqft) is notably smaller than most homes in both the immediate area and the wider neighbourhood. This results in a significantly lower assessed value compared to other Crescentwood properties, suggesting a key opportunity: entry into a desirable post-war area at a relatively accessible price point. The renovated basement adds functional space, potentially offsetting the modest main-floor square footage.
This home would suit a specific buyer: someone prioritizing location over size, such as a first-time buyer or an investor looking for a character property in a high-demand area. It’s also a candidate for a long-term hold, where the land value in Crescentwood is the primary asset. It may not suit those needing substantial above-ground living space without considering an expansion.
Frequently Asked Questions
1. Is this a tear-down property?
While its smaller size and lower assessment compared to the neighbourhood average might suggest redevelopment potential, the renovated basement indicates it has been maintained as a functional home. Its future would depend on a buyer's plans, zoning, and the specific condition of the main structure.
2. What does "renovated basement" include?
The listing does not specify the scope. It’s essential to clarify the nature of the renovation—whether it’s a finished living space, updated utilities, or moisture-proofing—and to verify permits.
3. How does the detached garage factor in?
In a dense, mature neighbourhood, a detached garage is a valuable asset for parking, storage, or as a potential workshop space, adding practical utility that many area homes may lack.
4. The assessed value seems low for Crescentwood. Why?
The assessment reflects the property’s smaller living area and likely its age and condition relative to larger, more updated homes in the area. It generally aligns with values on this stretch of Corydon Avenue itself, which features a mix of property types.
5. What are the implications of the living area being "below average"?
It means the above-ground living space is compact. Buyers should consider if the layout and flow work for their needs and how they might utilize the basement and lot. It often translates to lower utility costs and property taxes, which can be an advantage.