Property Overview & Appeal
This 1,360 sqft condominium at 564 Corydon Avenue is a distinctive property defined by its generous space and historic character. Its primary appeal lies in offering significantly more living area than most comparable units, ranking in the top 2% on its street and the top 8% within the desirable Earl Grey neighborhood. This makes it a rare find for buyers seeking a spacious condo layout without moving to the suburbs. The building’s 1905 heritage provides classic charm, though this comes with the understanding that maintenance and systems may differ from a modern build. The assessed value is consistently above average for its immediate context, suggesting a solid investment in a well-regarded area.
It would suit a buyer who values space and location over new construction—perhaps a downsizer from a larger house who doesn’t want to compromise on room, or a professional seeking a character-filled home in a central, established community. This is not a cookie-cutter unit; it appeals to those who appreciate uniqueness and have a practical mindset toward owning an older property.
Frequently Asked Questions
1. What does the ranking data actually mean for a buyer?
The rankings show this condo outperforms most peers in key metrics. For example, being in the top 2% for living area on Corydon Avenue means it's substantially larger than the vast majority of similar properties nearby, which is a clear competitive advantage.
2. The building is from 1905. Should I be concerned?
The age is its defining feature, offering character but also requiring due diligence. It’s essential to review the condo corporation's reserve fund study, recent maintenance history, and bylaws to understand how the building's heritage and age are managed financially and practically.
3. How does the recent sale price relate to the assessed value?
The property sold for $27,200 in December 2024, which is below its $32,300 assessed value. This is not uncommon, as assessed value for taxation purposes and market sale price can differ. It’s a useful data point for understanding recent market activity.
4. Who manages the condo corporation, and what are the fees?
This information is not provided in the public data. A buyer must request the condo document package, which details the monthly fee, what it covers, the financial health of the corporation, and the management structure.
5. What is the neighborhood vibe like on this part of Corydon Avenue?
Earl Grey is a quiet, prestigious residential area. This section of Corydon is more serene than the bustling commercial strip further east, offering a peaceful setting while remaining close to shops, restaurants, and parks.