Property Overview: 63 Macalester Bay, Fort Richmond
Key Characteristics & Appeal
This is a well-situated, one-storey home in Fort Richmond, built in 1965. Its primary appeal lies in its generous, above-average lot size of 7,875 sqft, which offers significant outdoor space and potential relative to most homes in the city and immediate area. The home itself, at 1,261 sqft of living space, is modest and functionally sized, sitting around the average for the neighbourhood. It features a renovated basement, adding usable living area. The assessed value is positioned below average for its specific street but aligns with the wider area, suggesting it may represent a practical entry point into a established community.
This property would suit a buyer looking for a solid foundation—either a first-time homeowner comfortable with a home from the 1960s, or a downsizer seeking single-level living on a private lot. The large yard is a standout feature for gardeners, families, or anyone valuing outdoor room. Its appeal is more practical than luxurious, offering space and location over modern finishes or expansive square footage. A thoughtful perspective is that while the home's interior size is unassuming, the lot provides a rare commodity: room to grow, expand, or simply enjoy, which is often harder to find than additional finished space.
Frequently Asked Questions
1. 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, ceiling height, permits, and whether it includes a bathroom or secondary living space.
2. How does the lack of a garage affect parking and storage?
The property has no garage. This means all parking will be on the driveway or street, and homeowners will need to consider alternative solutions for vehicle storage in winter, as well as for tools and general storage.
3. The home is older—what should I investigate?
Given its age (1965), special attention should be paid to the condition of major systems: the roof, plumbing, electrical wiring, and the foundation. A thorough home inspection is essential to understand any needed updates or repairs.
4. The assessed value seems lower than some comparisons. Why?
The assessment is for taxation purposes and reflects a municipal valuation, not necessarily market value. Its lower rank on the street could be due to the home's size, specific condition, or features compared to neighbours. The exact sold price history, which differs from assessed value, can be requested directly.
5. What are the benefits of such a large lot?
The lot is a key asset. It provides ample space for recreation, gardening, or future additions like a deck, shed, or even an extension. It also offers more privacy and a greater sense of openness than newer, tightly packed subdivisions.