Property Overview: 820 Silverstone Avenue, Fort Richmond
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and well-situated property. Built in 1965, it features 1,238 square feet of living space and sits on a 5,983 square foot lot. A key update is its renovated basement, adding functional living area, and it includes a detached garage. The home’s assessed value is in line with the neighbourhood average.
Its primary appeal lies in its solid, no-fuss foundation in a mature community. The renovated basement immediately adds value and usable space without the buyer needing to undertake a major project. While the lot size is slightly smaller than others on the street, it translates to less yard maintenance. The home’s metrics—for size, value, and age—consistently rank it as average or better within its immediate area, suggesting it’s a stable, predictable offering rather than a standout fixer-upper or a premium listing.
This property would suit first-time buyers looking for a move-in-ready home with some updated elements, or downsizers seeking a manageable single-level layout with a low-maintenance yard. It’s a sensible choice for someone prioritizing location and practicality over architectural uniqueness or expansive outdoor space.
Frequently Asked Questions
1. How does the lot size impact the property?
While the lot is below the average size for both the street and Fort Richmond, it is still a generous city lot. The smaller footprint means less lawn care and landscaping upkeep, which can be a benefit for those seeking lower maintenance.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the presence of proper permits, and whether it includes a bathroom or additional bedrooms to fully understand the added living space.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes. The recent sold price history from late 2024 provides a more current market benchmark, showing the home sold for a figure close to its assessed value, indicating a stable market valuation.
4. What are the implications of the home’s age (1965)?
Homes from this era often have solid construction but may have aging components like the roof, windows, or original plumbing and electrical systems. A thorough inspection is recommended to budget for any necessary updates.
5. How does this home compare to others on the street?
The data shows this home is very typical for Silverstone Avenue in terms of living area, assessed value, and year built. Its lot is among the smaller ones on the block. This indicates you are buying a standard home for the street, not an outlier.