Property Overview
85 Tunis Bay is a well-proportioned, two-storey home in Fort Richmond, built in 1966. Its primary appeal lies in offering above-average space on a generous lot, presenting a solid value proposition within its context. The home features 1,930 sqft of living area, which ranks in the top quarter of homes on its street and top 12% within the neighbourhood, meaning it offers more interior space than most comparable local properties. The 7,036 sqft lot is also larger than the city-wide average. It includes an attached garage and a basement that is present but not renovated.
This property suits practical buyers looking for a spacious footprint and land in a mature neighbourhood. It’s ideal for someone who values room to grow or customize over a move-in-ready finish, as the basement presents a clear renovation opportunity. The assessed value is consistent with the local area, suggesting a fair market entry point. It would particularly appeal to value-conscious purchasers—perhaps young families or long-term investors—who are comfortable with a home of this vintage and see potential in its existing structure and lot size.
Frequently Asked Questions
Is the basement finished?
No, the listing specifies the basement is "not renovated." Buyers should budget for potential finishing or utility upgrades.
How does the home’s size compare to others?
Very favourably. With 1,930 sqft, it is larger than approximately 88% of homes in Fort Richmond and 87% of homes city-wide, based on the provided rankings.
What is the significance of the 1966 build year?
The home is of average age for its street and city-wide, but is older than about 76% of homes in Fort Richmond. This suggests the neighbourhood has many newer homes, so buyers should factor in maintenance typical for a nearly 60-year-old property.
The assessed value seems low. Is that accurate?
The assessed value of $44,200 is for municipal tax purposes and is not the market price. It is aligned with the average for Tunis Bay and Fort Richmond. The actual sold price history, from late 2023, indicates a market value in the $455,000 - $485,000 range.
What are the key considerations based on the data?
The data highlights a trade-off: you are acquiring significantly more house and land space than average for the area, but the property is not updated (as seen with the basement) and is older than most in the immediate neighbourhood. Its value is in its spacious fundamentals.