Property Overview
This 3-level split home at 753 Townsend Avenue in Fort Richmond presents a specific and practical opportunity. Built in 1964, its key appeal lies in a generous 7,640 sqft lot, which is notably larger than most in the area, city, and on the street itself. The 1,091 sqft living space is modest but functional for the home's era. It features a basement, but it is not renovated, and the property has no garage or pool.
The home’s assessed value is significantly below average for both the street and the neighbourhood, which may indicate an entry-level price point or reflect the condition of the home. Its recent sale history suggests steady, modest appreciation. This property would suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes land size over a move-in-ready finish. The large lot offers clear potential for future expansion, gardening, or simply enjoying more outdoor space than is typical, making it a solid candidate for those willing to undertake gradual updates.
Frequently Asked Questions
What does the "below average" assessed value actually mean?
It means the city's tax assessment for this home is lower than most comparable properties nearby. This can often result in lower property taxes, but it may also reflect the home's unrenovated condition or market factors at the time of assessment.
Is the large lot a practical advantage?
Absolutely. The lot size is in the top 15% on the street, offering more privacy, space for recreation, and room for potential additions like a garage, shed, or deck that many neighbouring properties cannot accommodate.
What should I expect with an unrenovated basement?
The basement is functional space but likely requires finishing work. This presents both a cost and an opportunity: it allows a new owner to customize the space to their needs but will require a budget for development.
How does the 3-level split layout function?
This classic design typically features staggered half-levels, creating defined living zones and some privacy between bedrooms and common areas. It can be efficient, but the multiple short flights of stairs may not suit everyone.
Why are the sold prices shown as a range?
The provided ranges are estimates based on public data. To obtain the exact historical sale price, you must request it directly via the provided email service, which manually verifies the official records.