950 Summerside Avenue

Property Overview & Key Characteristics

This 1987 bi-level home at 950 Summerside Avenue in Fort Richmond offers a practical and efficient living layout. Its key appeal lies in a combination of a renovated basement, a detached garage, and a land size that is notably larger than most in the immediate area (top 6% for lot size in the neighbourhood). With 912 sqft of living space, the home is manageable and would suit first-time buyers, downsizers, or investors looking for a solid entry point into the market. Its assessed value is relatively modest compared to many nearby properties, suggesting potential for those budget-conscious or viewing real estate as a long-term investment.

The home’s strengths are grounded in its data: it is one of the newer homes on its street, and the lot provides a valuable outdoor space asset in a well-established area. It may particularly suit a buyer who values a blank canvas or a property where the value is anchored in the land and location, rather than in extensive square footage.

Frequently Asked Questions

1. Is the house small compared to others in the area?
Yes, at 912 sqft, the living area is more compact than many Fort Richmond homes. However, this is balanced by the larger-than-average lot and the renovated basement, which adds functional space.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand the quality and use of that space.

3. How does the assessed value relate to the likely selling price?
The assessed value is $39,500, which is for municipal tax purposes. The selling price will be determined by the market. Comparing it to the "similar assessed value" and "related homes" data provided shows that sale prices in the area vary widely based on size, condition, and exact location.

4. The home is 39 years old. What should I be aware of?
While it's newer than many on its street, a home of this age may have original or aging core components, like the roof, windows, or major systems. An inspection is crucial to understand the condition and any upcoming maintenance.

5. Who would this property NOT be ideal for?
It may not suit a growing family needing significant above-grade bedroom space or someone seeking a modern, move-in-ready home without any projects. The bi-level layout and modest main floor square footage require a fit with the buyer's lifestyle.