Property Overview & Key Characteristics
20 Nicholson Crescent is a well-situated 3-level split home in The Maples, built in 1974. Its key appeal lies in a combination of above-average lot size, a renovated basement, and a detached garage. The property sits on a large 6,369 sqft lot, ranking in the top 18% of the neighbourhood for land area, which offers valuable outdoor space and potential. The home itself, at 1,076 sqft, is a practical size, and the inclusion of a renovated basement adds immediate functional living space without the need for a project.
This home would suit first-time buyers or downsizers looking for a established, low-maintenance property with room to breathe. It also appeals to value-conscious buyers who prioritize a larger lot over a newer build, recognizing the potential for future outdoor enjoyment or expansion compared to newer subdivisions with smaller plots. The strong rankings for lot size and street newness suggest it's a solid, enduring property on a desirable street within the area.
Frequently Asked Questions
1. How does the lot size compare to newer homes?
At over 6,300 sqft, the lot is significantly larger than those typically found in modern developments, offering more privacy and space for gardens, play, or storage.
2. What does "renovated basement" typically mean for a home of this age?
It usually indicates key updates have been made, such as finished walls and flooring, making it liveable space. Buyers should confirm the scope, permits, and the condition of foundational elements like plumbing and electrical.
3. Is the assessed value a direct indicator of the selling price?
Not necessarily. The assessed value ($34.3k) is for municipal tax purposes. The market price is determined by current demand, condition, and comparable sales, which can be significantly higher.
4. The home is 50+ years old. What should be a priority for inspection?
Given the age, special attention should be paid to the roof, original windows, the heating system, and any original plumbing. The renovated basement should also be checked for proper moisture control.
5. How does this property rank for value in its area?
Its assessed value ranks near the middle of the pack locally, but its lot size ranks very high. This suggests you may be paying more for the land and location than for the size or newness of the house itself—a trade-off to consider.