176 Skowron Crescent

Property Overview

This 1990 bi-level home at 176 Skowron Crescent presents a specific and compelling value proposition. Its key appeal lies in a significant land-to-building ratio. With a living area of 1,036 sqft, the home itself is modest and below average for both the immediate street and the broader Grassie area. However, it sits on an exceptionally large 9,165 sqft lot, ranking in the top 5% on its street. This creates a clear opportunity: the value is anchored in the land, with the renovated basement-ready home serving as a functional starting point.

The property would suit a practical buyer who prioritizes future potential over immediate grandeur. It's ideal for someone with renovation or expansion plans who values generous outdoor space, or for an investor who recognizes the underlying land value in a well-established neighborhood. The assessed value of $440k sits around average for the street but above average citywide, suggesting the lot size is a recognized asset in the valuation.

Frequently Asked Questions

1. Is the home significantly smaller than others in the area?
Yes. The living space is notably below the average for both Skowron Crescent and the Grassie area, ranking in the bottom 20% locally. The home's footprint is modest, which is a key factor in its pricing.

2. What does the "Elite" ranking for land area actually mean?
It means this property's lot size of over 9,000 sqft is among the very largest on the street, outperforming about 95% of its direct neighbors. For the area, it's in the top 10%. This is the home's most distinctive and valuable characteristic.

3. How does the assessed value compare?
The $440k assessment is around the middle of the pack on its own street. However, compared to the entire city, it ranks in the top 30%, indicating that assessors attribute significant value to this property, likely due to the lot size and the home's condition.

4. The home was built in 1990. What should I consider?
While not historic, a 36-year-old home will have aging core components. A thorough inspection of the roof, windows, HVAC system, and plumbing is essential. The "renovated basement" note is positive, but clarity on the scope and permits of that work is important.

5. The last recorded sale was between $295k-$325k in late 2019. Why the jump?
The significant increase in value from its last sale price reflects the dramatic rise in the overall real estate market during that period. The current assessed value and any asking price would be aligned with 2024/2025 market conditions, not those of five years ago.