Property Overview

This one-and-three-quarter storey home on Riverton Avenue presents a distinct blend of historic character and practical space. Built in 1907, it sits on a generously sized lot of nearly 5,500 square feet, which is notably larger than most in the immediate area and neighbourhood. The home itself offers ample living space, with its nearly 1,800 square feet ranking well above average for Chalmers. Key features include a detached garage and a renovated basement, adding functional utility. Its appeal lies in the combination of a sizable, established property in a mature neighbourhood, offering room to grow or garden, coupled with the foundational work of a finished basement already completed. This property would suit a buyer looking for a home with more interior and exterior space than is typical for the area, who appreciates the potential and character of an older home and is prepared for the stewardship that comes with a century-old structure. It's a practical choice for those prioritizing lot size and living area over modern build dates.

Frequently Asked Questions

1. How does the home's age impact ownership?
While the 1907 build date places it well below the citywide average for newer homes, it is around average for its own street. Ownership involves maintaining an older structure, which can mean higher attention to upkeep but also comes with the charm and solid construction of its era.

2. Is the assessed value a reliable indicator of the sale price?
The current assessed value is significantly higher than the 2017 sale price and ranks above average for the neighbourhood. It's a municipal valuation for tax purposes; market conditions, property condition, and buyer demand will ultimately determine the sale price.

3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, which adds valuable finished living space. Prospective buyers should inquire about the specifics of the renovation, including permits, moisture control, ceiling height, and the quality of finishes to understand its true utility and value.

4. How does the lot size compare, and what are the advantages?
At 5,496 sq ft, the lot is in the top 6% on Riverton Avenue and top 7% in Chalmers, making it a standout feature. This allows for greater privacy, outdoor living space, gardening potential, and future expansion possibilities like a shed or deck, compared to tighter lots nearby.

5. The home is described as "one & 3/4 storey." What does that mean?
This style typically features a main floor and a second floor where the rooms have sloped ceilings or dormers, as the roof line begins partway into the upper level. It often provides unique, cozier bedroom spaces but may have less full-height square footage than a pure two-storey home.