Property Overview: 620 Patricia Avenue, Fort Richmond
Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical opportunity. Built in 1965, it features 1,156 sqft of living space and sits on a notably generous 6,472 sqft lot that ranks above average city-wide. A key update is its renovated basement, adding functional space, and the property includes a detached garage. Its assessed value is consistent with the local area.
The appeal lies in its balance of a sizable yard—offering room for gardening, play, or expansion—within a mature neighbourhood. Its size and layout are manageable, making it particularly suitable for first-time homebuyers, downsizers seeking single-level living, or investors looking for a property with solid fundamentals and a renovated basement for potential rental income. The recent sale history suggests stable value in the area.
Frequently Asked Questions
1. How does the lot size compare to newer neighbourhoods?
At over 6,400 sqft, the lot is significantly larger than what is typically available in many modern suburban developments, offering more outdoor privacy and space.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. We recommend inquiring about the finish quality, ceiling height, permits, and whether it includes a separate entrance or kitchenette.
3. Is the detached garage heated or insulated?
This detail is not provided in the available data. This is a key question for those planning to use the garage as a workshop or for vehicle storage year-round.
4. How does the property's value trend compare to the area?
Recent sold prices for this home have consistently ranked in the top 30-40% compared to city-wide averages, indicating its value has been maintained relative to the broader market.
5. What are the implications of the home's age (1965)?
While the basement has been updated, the core structure and major systems (like plumbing, electrical, and the roof) are from the original build era. A thorough inspection is advised to understand the condition and any modernizations needed.