Property Overview & Key Characteristics
This one-storey home in Silver Heights offers a practical, grounded opportunity. Its key appeal lies in a combination of a generous, well-sized lot and a recently renovated basement, providing immediate livability and future potential. The detached garage and the home's ranking in the top 20% for lot size within the neighbourhood suggest above-average outdoor space for the area.
The home suits first-time buyers or downsizers looking for a manageable single-level layout in an established community. Its assessed value is notably higher than many directly comparable homes in Silver Heights, which may indicate updates or conditions not fully reflected in basic data. A thoughtful perspective is that while the home itself is of average size for the street, the lot size and the renovated basement offer a value proposition that extends beyond the main floor square footage.
Frequently Asked Questions
1. How does the recent sale history influence the current value?
The property sold for $38,200 in August 2021, which is approximately 12% higher than its current assessed value of $34,100. This recent sale provides a concrete market benchmark from just a few years ago.
2. Is the lot size a significant feature?
Yes. At 5,441 sq ft, the lot ranks in the top 20% for size within Silver Heights. This is a standout characteristic, offering more outdoor space than most neighbouring properties and room for gardening, expansion, or recreation.
3. What does the "renovated basement" typically mean for a home of this age?
For a 1956 home, a renovated basement often includes updated moisture protection, insulation, flooring, and finished living space. It adds functional square footage and can address common concerns with older foundations.
4. How does this property compare to others on the same street?
It has a newer build year than 97% of homes on Davidson Street, a larger lot than 74%, and a higher assessed value than 88% of its street neighbours. This suggests it is a comparatively premium offering on this specific block.
5. Are the property taxes likely to be in line with the neighbourhood?
Based on the assessed value, which ranks in the top 73% for Silver Heights, the property taxes are likely to be higher than many area homes. Buyers should budget for taxes reflecting this above-average assessment.