Property Overview
This 4-level split home at 26 St Edmund's Bay in Fort Richmond presents a compelling blend of space, land, and established value. Built in 1971, its primary appeal lies not in being new, but in offering above-average metrics across key categories compared to its immediate neighbours, the wider area, and the city overall.
Key Characteristics & Appeal
The home’s standout feature is its generous 12,410 sqft lot, which ranks in the elite top 4% on its own street and top 5% in Fort Richmond. This offers rare potential for privacy, gardening, expansion, or simply ample outdoor space—a significant asset in today’s market. Complementing this is a living area of 1,791 sqft, which is comfortably above average for the neighbourhood, providing ample room for a growing family or those who value distinct living zones across its split levels.
The home’s assessed value of $508,000 ranks elite on its street and above average citywide, indicating strong perceived value by the assessor. Practical updates are noted with a renovated basement, and amenities include a detached garage and a pool. The property suits buyers looking for a established home in a mature neighbourhood who prioritize land size over a brand-new build. It’s ideal for someone who sees value in a property that already outperforms its peers on lot size and living space, and who may view the 1971 build date as an opportunity to customize an already solid foundation.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold in August 2023 for between $575,000 and $605,000. The current assessed value of this property is $508,000, but a professional market evaluation is needed to determine its current listing or sale price.
2. What does the "elite" ranking for land area actually mean?
It means this property’s lot size is larger than approximately 95-97% of comparable homes in Fort Richmond and citywide. On its own street of 28 homes, it ranks #1 for lot size.
3. Is the pool an asset or a liability?
This depends on the buyer. It’s a desirable amenity for those seeking summer recreation at home. However, prospective buyers should factor in ongoing maintenance, insurance implications, and utility costs, which are typical for pool ownership.
4. What are the implications of a "renovated basement"?
While this indicates updated living space, it’s important to clarify the scope, quality, and permits for the renovation. A professional inspection is recommended to verify the condition and ensure the work meets current building standards.
5. The home is above average in size and land, but the year built is average. What should I consider?
An older home (1971) with above-average space suggests a well-built, established property in a mature neighbourhood. Buyers should focus on the condition of major aging components like the roof, windows, plumbing, and electrical systems, and budget for potential updates that align with modern efficiency standards.