Property Overview: 487 Riverton Avenue

Key Characteristics & Appeal

This two-storey home, built in 1907, offers a blend of historic charm and practical updates. Its primary appeal lies in its generous living space. At 1,386 square feet, it provides significantly more room than most comparable homes in both the immediate Riverton Avenue area and the broader Chalmers neighbourhood, placing it in the top 12% and 7% respectively for size. This makes it a notably spacious option within its local market. The home also features a renovated basement, adding to its functional living area.

The property suits buyers looking for character and space in an established neighbourhood without a premium price tag tied to a large lot. Its assessed value is consistent with local averages, suggesting a fair entry point. The lot, while smaller than the citywide average, is typical for the area. This profile fits first-time buyers or downsizers who prioritize interior space over extensive yard maintenance, and who appreciate a home with a story that has been partially modernized with a renovated lower level.

Frequently Asked Questions

1. What does the assessed value indicate about the property tax?
The assessed value is aligned with local neighbourhood averages, which typically suggests property taxes will be in line with similar homes in Chalmers. It is not an indicator of market sale price.

2. How does the age of the home (1907) affect it?
While the home has historic character, potential buyers should consider the condition of major aging components not mentioned in the listing, such as the roof, wiring, and plumbing. The renovated basement is a positive update.

3. Is the living space efficiently laid out?
The home ranks highly for living area locally, but as an older two-storey, the floor plan may differ from modern open-concept designs. Viewing the home is essential to see if the space meets your lifestyle needs.

4. There’s no garage. What are the parking options?
The listing notes no garage. Buyers should verify on-site parking availability, such as a driveway or rear lane access, and review any street parking regulations.

5. How does the last sale price from 2016 relate to today’s value?
The 2016 sale price is provided for historical context. Current market value will be influenced by factors like recent upgrades, overall market conditions, and the home’s present condition.