Property Overview & Appeal
This one-storey home in Fort Richmond presents a practical opportunity in a well-established neighbourhood. Its key characteristic is its modest, efficient scale. At 1,275 sqft, the living area is comfortably below the average for both the immediate street and the wider area, suggesting a more manageable layout that prioritizes ease of living over sheer size. A significant positive is the renovated basement, adding valuable finished space. The attached garage and a land area just under 6,000 sqft offer standard city amenities without extensive upkeep.
The appeal lies in its value-position and move-in readiness. With an assessed value consistently around the area average, it represents a grounded entry point into the market. The home’s age (built in 1968) is actually above average for its street, hinting at potentially better-built quality or updates compared to some direct neighbours. It suits first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance property with core renovations already addressed. A thoughtful perspective is that its smaller footprint on a standard lot could be a long-term advantage, offering a simpler lifestyle with relatively lower utility and tax burdens.
Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes, particularly on its own street. The living area ranks in the lower tier (36 out of 39) for Tunis Bay, making it one of the more compact homes in the immediate vicinity, though it aligns more closely with the city-wide average.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the space (e.g., recreational room, additional bedroom, etc.).
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The recent sold price history (late 2023) shows a range near the current assessed value, but market conditions determine the final sale price. The provided comparable sales (like 35 Cornell Drive) can offer a clearer, current market benchmark.
4. Is the smaller lot size a disadvantage?
At 5,870 sqft, the lot is below average for Fort Richmond. This may limit expansive outdoor additions but also translates to less yard maintenance. For buyers prioritizing a manageable property, this can be a practical benefit rather than a drawback.
5. Where can I find the exact historical sold prices?
The exact sold prices are not publicly displayed in detail here. The listing service offers to provide them manually via email request, which they aim to fulfill by the end of the same business day.