Property Overview
740 Townsend Avenue is a well-situated one-storey home in Fort Richmond, built in 1963. Its primary appeal lies in a combination of generous outdoor space and a practical, updated layout. The home features 1,270 sqft of living area and a renovated basement, which adds valuable functional space. A key standout is the land size: at over 8,000 sqft, the lot is significantly larger than most in the immediate area, citywide, and across Fort Richmond, offering ample room for gardening, recreation, or future expansion. The detached garage provides additional storage or workshop potential.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It also appeals to value-conscious buyers who see potential in the sizable lot, whether for personal enjoyment or as a long-term asset in a neighbourhood where such large parcels are becoming rare. The home’s metrics suggest it’s a solid, middle-of-the-road offering in terms of assessed value and living space for the area, making it a pragmatic rather than a luxury purchase.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 8,023 sqft lot is a defining feature, ranking in the top 12% on its own street and the top 11% citywide. It is notably larger than the average lot for comparable homes in all measured categories.
2. What is the significance of the "renovated basement"?
While specific finishes aren't detailed, a renovated basement typically adds liveable square footage, potentially for a family room, home office, or additional bedrooms. It’s a key functional upgrade for a home of this era.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value (40.50k) is for municipal tax purposes. The last known sold price range was 43.50k–46.50k in March 2022. The current market price will be determined by recent sales, condition, and market trends.
4. What are the implications of the home’s age (1963)?
The home is older than most in Fort Richmond (ranking in the top 95%, meaning only 5% are older in the area). Buyers should budget for maintenance consistent with a home of this age, though the renovated basement may address some key updates.
5. How can I get the exact historical sold prices?
The exact sold price history is not publicly displayed. You can request it by email through the listing site; they provide the accurate figures manually and state they will not use your email for unsolicited marketing.