Property Overview
This two-storey home at 43 Fordham Bay in Fort Richmond presents a practical and well-positioned offering. Its key appeal lies in being a solid, above-average home within its immediate context without being an outlier. Built in 1971, it is notably newer than most on its own street. The 1,587 sqft living area is comfortably above the city-wide average, and the assessed value suggests a property that holds its standing well in the broader market. A renovated basement and attached garage add functional value. The lot size, while smaller than others on Fordham Bay, is still generous by city standards, offering manageable outdoor space.
This home would suit buyers looking for a move-in ready, low-drama property in a mature neighbourhood. It’s ideal for a young family seeking space without the premium of a brand-new build, or for downsizers who want a manageable yard but more than enough living area. Its balanced metrics—not the biggest, newest, or most expensive on the block, but consistently above average in the wider area—make it a sensible choice for value-focused buyers who prioritize stability over flash.
Frequently Asked Questions
1. How does this home truly compare to others on the street?
While its living space and assessed value are around the street average, it was built several years newer than most neighbours. However, the lot is somewhat smaller than others on Fordham Bay.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point to clarify with the seller or agent regarding finishes, permits, and the nature of the renovation.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($45.80k) is a municipal valuation for tax purposes. The most recent sold price range (Feb 2024: $42.50k ~ $45.50k) provides a more current market benchmark, showing it sells close to its assessed value.
4. What are the utility costs for a home of this age and size?
As a home built in the early 1970s, inquiring about average monthly costs for heating, electricity, and water is advisable, as efficiency can vary significantly based on updates to windows, insulation, and major systems.
5. How does the property rank for future resale appeal in the area?
Its consistent above-average rankings city-wide in both living area and assessed value are positive indicators. Its newer build date relative to the street is a subtle advantage, but the smaller-than-street-average lot could be a factor for some future buyers.