Property Overview & Key Characteristics
This one-storey home at 224 Rochester Avenue in Fort Richmond is a practical and well-situated property. Built in 1974, it offers 1,204 sqft of living space with a renovated basement and sits on a larger-than-average city lot of 6,617 sqft. The home features a detached garage and no pool. Its assessed value is in line with the local area, and its recent sale history shows steady appreciation.
The appeal lies in its balance and potential. The renovated basement adds immediate functional space, while the lot size offers a valuable footprint for gardening, expansion, or simply more outdoor privacy than many city properties. It suits first-time buyers looking for a solid entry into the market, downsizers seeking a manageable single-level layout without sacrificing yard space, or value-oriented investors attracted to a stable neighbourhood with consistent demand. A less obvious advantage is its "middle-of-the-pack" metrics; it doesn't pay a premium for top-tier rankings, offering a grounded opportunity without the frenzy of a highly competitive price point.
Frequently Asked Questions
1. How does this home compare to others on the street and in Fort Richmond?
The home is consistently around average for the street and neighbourhood in terms of living area, assessed value, and lot size. Its year built is actually above average for Fort Richmond, meaning it's newer than many area homes.
2. What is the significance of the lot size?
At 6,617 sqft, the lot is above the city-wide average. This is a key asset, providing more outdoor space than many properties and potential for future landscaping, a shed, or even an addition subject to zoning.
3. What does the sold price history indicate?
The public data shows three sales since 2016, each at a higher price range than the last, indicating a pattern of steady value growth over the past decade.
4. Is the basement renovation reflected in the assessed value?
While the basement is noted as renovated, the assessed value remains very close to the local average. This suggests the official assessment may not fully capture the update, which could represent added living value beyond the tax valuation.
5. Who are the likely neighbours?
The nearby and similar properties listed are primarily on Rochester Avenue and immediately adjacent streets, suggesting a stable, established neighbourhood of similar single-family homes from the same era.