Property Overview: 195 Dalhousie Drive, Fort Richmond
Key Characteristics & Appeal
This two-storey home in Fort Richmond is a practical and straightforward property. Built in 1968, it offers 1,155 sqft of living space, which is quite typical for the immediate street and city overall. A key feature is its renovated basement, adding functional living area. The lot is modest at 3,625 sqft, smaller than many in the wider neighbourhood, but manageable.
The primary appeal lies in its value positioning. The home's assessed value is consistently below average for its street, neighbourhood, and city, suggesting a potentially accessible entry point into the market. Recent sold price history indicates steady appreciation. It suits first-time buyers or practical investors looking for a no-frills, renovated home in a established area without a premium price tag. The lack of a garage or pool means lower maintenance, appealing to those seeking simplicity. A thoughtful perspective is that a smaller, well-placed lot can mean less yard work and lower property taxes, while the below-average assessment could indicate room for value growth through future updates.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. Why is the assessed value significantly lower than nearby homes?
The assessment is below average for the area. This can be due to the home's age, smaller lot size, and the interior condition relative to comparable properties. It often translates to a lower property tax bill.
3. What are the implications of not having a garage?
This means no covered parking or built-in storage. Buyers should consider the cost of adding a shed or carport, and assess on-street parking availability, especially in winter.
4. How does the smaller lot size affect future plans?
The 3,625 sqft lot is smaller than many in Fort Richmond. This may limit possibilities for large additions, pools, or extensive landscaping, but also reduces upkeep.
5. The home sold recently in 2024 and 2019. What does this indicate?
The recent sales activity suggests a marketable property. The increase in sold price between 2019 and 2024 shows appreciation, but buyers should investigate the reasons for the relatively quick turnover to ensure it meets their long-term needs.