Property Overview & Key Characteristics
This well-situated one-storey home in Fort Richmond offers a practical layout on a large, desirable lot. Its key appeal lies in the combination of a renovated basement, a detached garage, and an above-average land area of over 5,800 square feet, which ranks in the top 15% of the neighbourhood. Built in 1964, the house itself is of a typical vintage for the area, with a living space that is comfortably sized but not oversized, suggesting a manageable footprint for upkeep.
The property would suit first-time buyers or downsizers looking for a single-level living option in a mature, established community. Its generous lot is a standout feature, offering significant outdoor space and future potential that is increasingly rare. The renovated basement adds immediate functional living space. A thoughtful perspective is that while the home is not the newest on the street, its lot size represents a long-term asset that often appreciates independently of the structure itself, offering a solid foundation of value.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 5,826 sqft lot is a defining feature, ranking in the top 15% for size within the entire Fort Richmond neighbourhood. This is substantially larger than many nearby properties and is a key value driver.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and scope of the renovation, and whether it includes a legal suite, additional bedrooms, or simply finished living space.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. Notably, several comparable nearby listings have similar assessed values but may sell for different prices based on condition, updates, and market timing. It serves as a baseline, not a sale price.
4. What are the advantages of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or additional storage without impacting the main house's living space or noise levels. It may also present future potential, subject to local bylaws, for conversion to a studio or workspace.
5. The home is 60+ years old. What should I be mindful of?
While the renovated basement is updated, a home of this age will have core systems—like roof, plumbing, electrical, and foundation—that are at a stage where inspection is crucial. The positive trade-off is that you often get a larger lot and more established neighbourhood than with newer builds.