Property Overview
98 McGill Place is a well-maintained 4-level split home in Fort Richmond, built in 1981. With 1,612 sqft of living space, it offers significantly more room than most comparable homes on its street and in the immediate area. A key feature is its renovated basement, adding to its functional space. The property sits on a 4,990 sqft lot, which is more compact than many in the neighbourhood but is balanced by the above-average interior size. Its assessed value is $410,000, positioning it as an above-average home on McGill Place and around the city-wide average for the area.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficient use of space. It delivers substantial interior square footage—ranking in the top 8% on its street—on a modest lot, suggesting a smart, practical layout. The renovated basement adds modern, usable living area without the need for an expansion. While the yard is smaller than many in Fort Richmond, this translates to less maintenance, a significant consideration for many buyers today.
It would suit practical buyers looking for move-in-ready space rather than extensive outdoor areas. This includes young families who value indoor living and play areas, professionals seeking a low-maintenance property without sacrificing room to work from home, or downsizers transitioning from a larger lot who still want ample interior space for guests or hobbies. Its value is grounded in what you get inside the walls, making it a strong option for those prioritizing living area over land.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the lot is below average for Fort Richmond, it offers manageable upkeep. The trade-off is a larger-than-average interior, making it ideal for those who prefer low-maintenance outdoor space without compromising on indoor living area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality of the renovation, its rooms (e.g., bedroom, living space), and whether it meets your needs.
3. Is the assessed value a reliable indicator of the selling price?
The $410,000 assessment is a municipal valuation for tax purposes. Market conditions, the home’s updated condition, and its desirable interior size will ultimately determine the sale price, which may differ.
4. There’s no garage; what are the parking options?
The listing shows no garage. Buyers should investigate driveway capacity and on-street parking regulations during a visit to ensure it meets their needs.
5. The home is 45 years old; what should I be mindful of?
While well-maintained and newer than many on its street, a standard home inspection is crucial. Special attention should be paid to the original components, like the roof, windows, and major systems (heating, electrical), which may be nearing or past their typical lifespans.