Property Overview: 283 Aldine Street

Key Characteristics & Appeal

This 1968 four-level split home sits on a large, 7,824 sqft lot in the Silver Heights neighbourhood. Its primary appeal lies in a combination of generous space and established value. With 1,820 sqft of living area, it offers significantly more room than many nearby homes, ranking in the top 3% for size on its street. The property also features a renovated basement, adding to its functional living space.

The home’s standout characteristic is its land. The lot size ranks in the top 3% on the street, offering ample outdoor space for gardening, play, or future expansion—a relative rarity in mature neighbourhoods. While it has no garage, its assessed value has remained stable and strong, consistently ranking in the top tiers for its immediate area, which suggests a solid investment in a well-regarded location.

This property would suit a buyer looking for a spacious family home with a large yard, who values the character and established nature of an older neighbourhood like Silver Heights. It’s ideal for someone comfortable with a home from the 1960s that has seen some updates (like the basement) but may appreciate further modernization. The strong rankings for lot and living size, paired with a stable value history, make it a practical choice for long-term growth over a flashy, turn-key purchase.

Frequently Asked Questions

1. How does the lack of a garage impact the property?
While there is no garage, the very large lot provides ample off-street parking potential and space for a future garage or shed, subject to local bylaws. The trade-off is more yard space versus enclosed vehicle storage.

2. The home was built in 1968. What should I consider?
As a home from the late 1960s, key systems like roofing, plumbing, and electrical may be original or nearing their typical lifespan. A thorough inspection is advised. The four-level split layout is classic for this era, offering good separation of living spaces but with more stairs than a bungalow.

3. The assessed value is significantly higher than the 2021 sale price. What does this mean?
The assessed value ($41.90k) is for taxation purposes and is not a market price. The 2021 sale price of $41.30k indicates the assessed value has held steady, but the actual market value will be determined by current conditions, demand, and the property’s updated condition.

4. The lot is large, but how does the neighbourhood feel?
The data shows the property ranks in the top 70% for lot size within the entire neighbourhood, meaning it’s on one of the larger parcels in Silver Heights. This typically translates to less crowding, more privacy, and a more open street feel compared to homes on smaller, standard lots nearby.

5. What are the less obvious pros and cons of a four-level split?
A pro is the natural separation of living zones (e.g., bedrooms often on a quiet split level away from main living areas). A con is the frequent staircases, which can be challenging for those with mobility concerns and make furniture moving more difficult. The layout can also feel compartmentalized compared to more open-concept modern designs.