Property Overview
71 Rochester Avenue is a well-positioned one-storey home in Fort Richmond, built in 1976. Its key appeal lies in a combination of above-average investment in the property and generous, usable space. The home features a renovated basement, a detached garage, and a rare in-ground pool for the area. At nearly 1,500 sqft of living space on a large 6,816 sqft lot, it offers room to grow or entertain.
The data reveals a thoughtful perspective: while the living area is solidly average for the neighbourhood, its Assessed Value ranks in the top 7% on its street and top 11% in Fort Richmond. This suggests significant updates or desirable features that are recognized above its immediate peers. The lot size is also notably larger than the city-wide average. It’s a property that balances the practicality of a single-level layout with the perks of established amenities like a pool and ample outdoor space. This home would suit buyers looking for a move-in-ready property with recreational features, or those seeking a long-term home with a large yard in a mature neighbourhood. It’s particularly suited to small families, empty-nesters wanting single-floor living, or anyone valuing private outdoor leisure space.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $51,300 is a municipal tax valuation. Given that it ranks significantly above average for the area, it reflects a history of improvements, but the market price will be determined by current conditions and buyer demand.
2. What is the significance of the home’s rankings versus averages?
The rankings show how this property compares to specific groups of "comparable homes." For example, its living space is typical for Fort Richmond, but its value and year built are notably above average on its own street, indicating it stands out favourably among its closest neighbours.
3. Is a pool common for homes in this area?
No, an in-ground pool is a distinct and uncommon feature for homes in this neighbourhood and vintage, offering a private recreational amenity not found in most comparable properties.
4. What are the practical implications of a larger-than-average lot?
The lot size, over 6,800 sqft and above the city average, provides ample space for gardening, play, expansion, or simply more privacy. It’s a valuable asset in a mature neighbourhood where lot sizes in newer developments are typically smaller.
5. The home is nearly 50 years old. What should be considered?
While the renovated basement is a plus, a home of this age will have core components (like the roof, windows, and major systems) that are likely original or nearing their lifespan. A thorough inspection is essential to understand the condition and any upcoming maintenance.