Property Overview
393 Kingston Crescent is a two-storey home built in 1939, offering a blend of established character and practical updates. Its key appeal lies in its generous, above-average city lot of nearly 9,500 sqft, providing significant outdoor space that is a rarity in many urban areas. The 1,512 sqft living area is complemented by a renovated basement, adding functional space, and includes an attached garage. While the home itself is of a vintage common to its sought-after Crescent neighbourhood, it presents a solid, grounded opportunity. It ranks as an above-average property city-wide in terms of lot size and living space, yet sits around average for the immediate area in assessed value and living area, suggesting it may offer relative value within a desirable location.
This property would suit a buyer looking for a established home with room to grow, garden, or entertain outdoors. It’s ideal for someone who values a mature neighbourhood setting over a brand-new build and is comfortable with the nuances of an older home. The renovated basement adds immediate utility, making it practical for families, those needing a home office, or simply extra storage. It represents a chance to own a substantial piece of land in a prime area, with the home itself serving as a comfortable foundation.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking or market price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. In this case, its assessment is around average for Kingston Crescent, but it’s essential to have a real estate agent provide a current market analysis based on recent sales of similar homes.
2. What are the implications of a home built in 1939?
While offering classic charm, a home of this age will have older core systems (like plumbing and electrical) and may require updates over time. A thorough home inspection is crucial. The renovated basement is a positive modern addition, but the inspection should focus on the original structure’s condition.
3. The lot is large compared to the city average. What does this mean practically?
A lot of this size (Top 7% city-wide) is a significant asset. It allows for expansive gardening, recreational space, potential for additions (subject to zoning), and simply more privacy than newer subdivisions offer. It also likely contributes to the property’s long-term value.
4. The living area is above average city-wide but around average for the street. What does this indicate?
This highlights the character of Kingston Crescent as an established area with generally larger, older homes. You are buying into a consistent neighbourhood standard rather than an outlier. The space is ample by most city standards but may feel typical among its immediate peers.
5. What is the neighbourhood and street traffic like?
Kingston Crescent is a known, desirable area. As a crescent, it typically experiences less through-traffic than a main road. Prospective buyers should visit at different times of day to gauge noise levels and neighbourhood activity personally, as this can vary.