95 Lismer Crescent – Property Summary
Key Characteristics, Appeal & Buyer Profile
This is a 1,060 sqft single-family home built in 1971 on a 6,296 sqft lot, with an assessed value of $324,000. The property stands out most for its land. At the neighbourhood level (Westdale), the lot is above average—ranking in the top 20%—and citywide it sits in the top 25%. The house itself is modestly sized; its living area is slightly above average for the street (top 26%) but below the citywide average. The year built is typical for the area and slightly newer than the city median. The assessed value is below the street average of $349,300, likely reflecting the smaller living area relative to some neighbours.
The appeal here is less about a flashy interior and more about getting a good-sized lot in a solid, established neighbourhood without paying a premium for the street. A less obvious perspective: this property may represent a better land-value proposition than its immediate neighbours. On Lismer Crescent, you’re near the bottom for assessed value despite a larger-than-average living area on the street—meaning you’re potentially paying less per square foot of house while getting a lot that ranks very well across the city. This could suit a buyer who values outdoor space or sees room to expand or renovate, rather than someone seeking a move-in-ready home at the top of the market. It’s a pragmatic choice for a family or investor who wants Westdale’s location and a decent yard, without competing for the priciest houses on the block.
Frequently Asked Questions
1. How does this home compare to others on Lismer Crescent specifically?
This is one of the smaller homes in terms of living area on the street (ranked 12th out of 47), but it’s newer than most (ranked 6th). Its assessed value is well below the street average—at $324,000 versus $349,300—so it may be one of the more affordable options on the block.
2. Is the land size unusual for the area?
Yes, in a good way. While the lot is slightly below the street average of 6,437 sqft, it’s well above the neighbourhood average of 5,168 sqft and ranks in the top 20% locally. Citywide, it’s in the top 25%, which is notable for a property that isn’t priced at a premium.
3. Why is the assessed value lower than the street average if the lot is good?
Assessed value factors in both land and building. The house itself is smaller than many on the street (1,060 sqft vs. a street average of 1,012 sqft—so it’s actually slightly larger than average there), but the street includes larger, more valuable homes. The below-average value likely reflects that this home isn’t as large or upgraded as the top-end properties on Lismer.
4. What type of renovation or expansion might make sense here?
Given the above-average lot and modest living area, adding square footage (e.g., an extension or a finished basement) could significantly increase value, as the land is already a strong asset. A savvy buyer might see this as a property where the house is undervalued relative to the land, offering potential upside.
5. How does the year built affect maintenance or insurance?
Built in 1971, this home is typical for Westdale and newer than the city median of 1966. That means it’s likely past major structural issues common in much older homes (like knob-and-tube wiring or lead pipes) but may still need updates to systems like windows, roofing, or HVAC depending on what’s been done. It’s worth checking the condition of the original build components, as many homes from this era are now due for mid-life renovations.