Property Overview: 70 Temple Bay, Fort Richmond
Key Characteristics & Appeal
This is a well-established, one-storey home in the Fort Richmond neighbourhood, built in 1966. With 1,244 sqft of living space and a renovated basement, it offers functional, single-level living. The lot is a notable feature at over 6,600 sqft, providing ample outdoor space that is larger than the citywide average for comparable homes. A detached garage adds practical storage or workshop potential.
The home’s appeal lies in its grounded, average metrics. It isn’t an outlier in size or assessed value for its immediate street or area, which suggests a stable, predictable investment without premium pricing for an exceptionally modernized or large property. Its above-average ranking for year built on its street indicates it is one of the newer homes on Temple Bay, a subtle advantage in an older area.
This property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature neighbourhood. The generous lot is ideal for gardeners, those who value private outdoor space, or someone with future expansion in mind. It’s a practical choice for a buyer who prioritizes solid fundamentals and lot size over a recently built or highly upgraded home.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is around the average for the city and its own street, but sits below the average for the broader Fort Richmond area. This could indicate a value opportunity within the neighbourhood.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope or quality. This is a key point for a viewing, to assess the finish, ceiling height, and whether it includes a legal suite or additional bedrooms.
3. Is the large lot a benefit for future expansion?
The lot size is a significant asset. While subject to zoning, it offers potential for additions, a larger garage, or extensive landscaping. For the right buyer, this flexibility can be more valuable than a few extra square feet indoors.
4. How does the age of the home affect maintenance?
Built in 1966, major components like the roof, windows, plumbing, and electrical systems are likely at or beyond their typical lifespan. A thorough inspection is essential to budget for potential updates, though the renovated basement may address some of these systems.
5. Why is the sold price history shown as a range?
To ensure accuracy and comply with data regulations, the precise sale price is verified manually. The provided range is based on public data, and the exact figure can be requested via email from the listing service.