Property Overview: 71 Temple Bay, Fort Richmond
Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a solid, no-fuss opportunity. With 1,220 sqft of living space and a renovated basement, it offers functional living on a good-sized 6,264 sqft lot. The attached garage is a practical asset. Built in 1965, it's a mature home that holds its own: its assessed value ranks notably high for its immediate street, suggesting it may be one of the better-maintained or updated properties on the block. Its appeal lies in its grounded, average metrics—it isn't the largest or newest on paper, but it represents a stable and established option in the neighbourhood. The renovated basement adds valuable finished space.
This property would suit a first-time buyer or a downsizer looking for a manageable single-level layout in a mature area. It’s also a fit for a value-conscious buyer who appreciates that the home’s assessment outperforms many of its direct neighbours, potentially indicating underlying value not immediately apparent from the basic stats. It’s a home for someone who prioritizes practicality and location over brand-new condition.
Frequently Asked Questions
1. How does this home really compare to others in the area?
While its living area is around the neighbourhood average, its assessed value is in the top 15% on its own street. This often signals above-average updates, condition, or lot desirability compared to immediate neighbours.
2. Is the lot size a pro or a con?
It's a perspective. The lot is below average for Fort Richmond but above average city-wide. It offers ample outdoor space for a city home without being overly large to maintain.
3. What does the sold price history indicate?
Public data shows a sale in August 2021 in the $375k-$405k range. This historical price, compared to the current $420k assessment, suggests market appreciation. For the exact sale price, you can request details via email from the listing source.
4. Who might this layout not suit?
The one-storey design with a basement may not suit those seeking clear two-storey separation of bedrooms from living areas. Families needing multiple large bedrooms on the main floor should verify the layout.
5. The home is from 1965. What should I consider?
While the basement has been renovated, a home of this age means core components (like roof, windows, plumbing, or electrical) may be original or have been updated at various times. A thorough inspection is key to understanding the update cycle and any upcoming capital needs.