Property Overview
15 Lafayette Bay is a well-maintained, one-storey home in Fort Richmond, built in 1970. With 1,020 sqft of living space and a renovated basement, it sits on a 6,379 sqft lot. The home has no garage or pool. Its assessed value is $38,500, and it last sold in the summer of 2020.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of modest size, a renovated basement, and a generous lot for the neighbourhood. While its living space is below average for the area, the lot size is notably larger than the city-wide average, offering valuable outdoor potential. The renovated basement adds functional living space, making the overall footprint more practical.
It presents as a solid, no-frills property that has been cared for. The data suggests it’s consistently priced and assessed in the middle of the pack for its immediate street and area, indicating stability rather than standing out as either a premium or a fixer-upper. This would suit first-time buyers, downsizers, or pragmatic investors looking for a manageable home in a stable neighbourhood without major surprises. Its appeal is for those who value a larger yard over a larger house and see potential in the existing renovations.
Frequently Asked Questions
1. Is the price competitive for the area?
Yes. The home’s assessed and recent sold prices consistently place it in the middle range for Lafayette Bay and Fort Richmond, suggesting it is priced in line with market norms for its type and condition.
2. What does "renovated basement" typically mean here?
While specifics should be verified by a viewing or inspection, in homes of this era it often means the basement has been finished into livable space, such as a family room or additional bedrooms, with updated flooring, walls, and ceilings.
3. How does the lot size compare?
The lot is a key feature. At over 6,300 sqft, it is larger than the average city lot, offering more private outdoor space than many newer properties, which is a plus for gardening, play, or expansion.
4. What are the implications of having no garage?
Buyers should plan for street parking and consider the cost of adding a shed or carport for storage. In this neighbourhood, street parking is common, but it’s a factor for vehicle security and winter convenience.
5. Where can I find exact historical sold prices?
The listing service provides estimated price ranges from public data. You can request the exact sold price history by emailing them directly, as they manually verify and provide this detail upon request.