Property Overview: 115 Acadia Bay, Fort Richmond
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and straightforward property built in 1969. With 1,238 sqft of living space and a renovated basement, it offers functional, single-level living on a solid 6,375 sqft lot. Its assessed value is notably below average for its immediate street and neighbourhood, which can indicate a more accessible entry point into the area.
The appeal lies in its uncomplicated layout and its position as a relative value within a well-established community. The renovated basement adds flexible living space, a significant asset in a bungalow. While it lacks a garage or pool, the lot size is above average city-wide, offering good outdoor potential.
This home would best suit first-time buyers, downsizers looking for minimal stairs, or value-focused investors. It’s for someone who prioritizes location and lot size over modern finishes or high-end features, and who sees potential in a home that is competitively positioned price-wise within its own community.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily suggests the home is priced more accessibly than many neighbours, which can be an advantage. It may reflect the home’s specific condition, features, or previous sale history. Always verify with a current appraisal and home inspection.
2. What are the implications of the home’s age (built 1969)?
You benefit from a mature neighbourhood and lot, but should budget for age-related updates. Key systems like plumbing, electrical, and the roof should be carefully inspected. The renovated basement is a plus, but ensure renovations were permitted and meet current standards.
3. How does the lack of a garage affect daily life and value?
It means relying on driveway parking, which is standard for many older homes in the area. For some buyers, this is a trade-off for the larger lot. Adding a garage in the future may be possible, subject to local bylaws.
4. The home ranks well for its year built on the street. What does that mean?
This statistical note is subtle but positive. It indicates that, compared to other homes on Acadia Bay, this one is slightly newer than most. In a neighbourhood of similar-aged homes, even a few years’ difference can sometimes mean updates to building materials or design.
5. Where can I find the exact historical sale price?
The listed sale range is based on public data. The exact sale price from May 2023 is available by request from the listing source, as noted in the details. This is a common practice to ensure data accuracy before it’s published.