Property Overview
This one-storey home at 660 Grierson Avenue in Fort Richmond presents a practical opportunity. Built in 1967, its 976 sqft living area is notably compact compared to most area homes, but it sits on a generous 7,536 sqft lot that is well above average for the city. The property features a renovated basement and a detached garage. Its assessed value is consistently around the average for its immediate street and neighbourhood. The home last sold in late 2020.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a modest, manageable house on a larger-than-average lot. While the living space is smaller than most comparable homes in Fort Richmond, this can be an advantage for first-time buyers, downsizers, or those seeking lower utility and maintenance costs for the main structure. The renovated basement adds functional living space. The standout feature is the land itself—the lot size offers valuable outdoor space and future potential that is increasingly rare in the city, whether for gardening, recreation, or expansion. This home suits a buyer who prioritizes land over square footage, is comfortable with a classic one-storey layout, and views the property as a solid foundation to build upon, either literally or through landscaping.
Frequently Asked Questions
1. Is the house too small for a family?
While the above-grade living area is compact, the renovated basement provides additional space. It would suit a small family or those comfortable with efficient living, with the large lot offering crucial outdoor room for children and entertaining.
2. What does the "renovated basement" include?
Specific finishes and the scope of renovation are not detailed in the public data. A professional inspection is recommended to understand the quality, compliance, and nature of the renovations (e.g., finished living space, modernized utilities, or moisture management).
3. Why is the assessed value so much lower than the city-wide average sale price shown?
The assessed value (approximately $41k) is for municipal tax purposes and is not an indicator of market value. The city-wide average sale price comparison in the data (approx. $390k) reflects actual recent market sales, highlighting the significant difference between tax assessment and current real estate value.
4. How does the large lot impact the property's value and costs?
The large lot is a key asset for privacy and potential, but it also means higher municipal property taxes compared to a standard lot and potentially more maintenance (lawn care, snow clearing). Its value is realized by buyers specifically seeking space.
5. Can I find out the exact price it sold for in 2020?
Yes, but the exact sale price is not published in the public record. The listing service provides an estimated range. You can request the precise figure by emailing the source directly, as noted in the property details.