35 Southbend Crescent – Property Summary
Key Characteristics & Ideal Buyer Profile
This 1,376 sqft home in Whyte Ridge was built in 1989 and sits on a 6,299 sqft lot. Its assessed value is $521,000.
The property’s strongest selling point is its assessed value relative to its living area. Citywide, it ranks in the top 17% for value, while its living area is only around average. This suggests the land or location is carrying more weight than the square footage itself. On its own street, the home is smaller than average (ranked 76th percentile for living area) but ranks higher in value (27th percentile). That gap—smaller home, higher worth—could indicate a desirable lot, a well-maintained interior, or upscale finishes that aren't captured by size alone.
The lot is above average for the neighborhood (top 30%) and citywide (top 25%), which is notable on a street where land sizes are fairly typical. The 1989 build is older than the neighborhood average (1994) but newer than the citywide average (1966), placing it in a middle ground—not a character home, but not a brand-new build either.
Who this suits: Buyers who prioritize location and lot size over a large floor plan. It would work well for someone who values outdoor space, wants to be in a well-established neighborhood, and is willing to trade interior square footage for a better-than-average property value trajectory. It may also appeal to those who see potential in a home that is slightly smaller than its neighbours, possibly offering room for expansion or renovation.
Five Possible FAQs
1. Why is the assessed value high for a home with below-average living area?
Assessed value reflects more than just square footage—it accounts for land value, location, condition, and recent sales in the area. In this case, the land area is above average for the neighborhood, and the home's value ranking (top 17% citywide) suggests the lot or specific location is a strong contributor.
2. How does this home compare to others on Southbend Crescent?
It's smaller than most (ranked 42 out of 55 for living area) but has a higher assessed value (15 out of 55). So it’s a smaller home that’s worth more than average on the street—likely due to its lot or condition.
3. Is the neighborhood, Whyte Ridge, an older or newer area?
The average home in Whyte Ridge was built in 1994, so slightly newer than this property (1989). Citywide, the average year built is 1966, making this home older than the city average but not unusually old for the neighborhood.
4. How does the lot size compare to other homes in the area?
The lot is 6,299 sqft—slightly below the street average (6,335 sqft) but above the neighborhood average (6,175 sqft) and the citywide average (6,570 sqft). It's a solid, above-average lot for the area.
5. What does "rank" actually mean here?
Rank shows how this property compares to similar homes within a given area. A lower number (e.g., top 27%) means it outperforms most others in that category. Rankings are based on a median benchmark for comparable homes, not a raw average of all properties.