Property Overview & Key Characteristics
This one-and-a-half storey home on Riverton Avenue in Chalmers presents a practical and updated living space. Its key appeal lies in its balance of a renovated basement, a detached garage, and a lot size that is notably generous for the neighbourhood. With 1,131 sqft of living space on a 4,016 sqft lot, it offers more room both inside and out than many area comparables. The 1950 build date is relatively newer than many surrounding homes, potentially suggesting fewer concerns associated with very early-century construction.
The property would suit first-time buyers or downsizers looking for a manageable home with modernized essentials in a stable, established neighbourhood. Its above-average assessed value for the area indicates it is likely in good condition relative to its peers. A thoughtful perspective is that while the lot is large for Chalmers, it is below the city-wide average, framing this as a spacious urban lot rather than an expansive one. The renovated basement adds valuable flexible space, making the home feel larger than its square footage suggests.
Frequently Asked Questions
Is the lot size a significant feature?
Yes. At over 4,000 sqft, the lot ranks in the top 24% for the Chalmers neighbourhood, offering more outdoor space than most nearby properties. This is a key differentiator for gardening, recreation, or future expansion.
How does the year built affect the home?
Built in 1950, the home is newer than the neighbourhood average. This often means building materials, electrical, and plumbing systems may be more modern than those found in the many pre-1920 homes in the area, though specific inspections are still essential.
What does the assessed value tell us?
The assessed value is above average for both Riverton Avenue and the Chalmers area, which typically reflects the home's condition, improvements (like the renovated basement), and lot size relative to nearby properties. It is not a market price, but suggests a solid standing in the local market.
How does the living area compare?
At 1,131 sqft, the living area is above average for the neighbourhood. Combined with the renovated basement, the total usable space is comfortable for a small family or couple.
Was the last sale price typical?
The home sold for $220,000 in 2016. At that time, the price was around the neighbourhood average. Market conditions have changed since, so this figure is a historical data point rather than a current valuation.