Property Overview
This single-storey home at 75 Wadham Bay in Fort Richmond is a well-situated property that offers solid value within its established neighbourhood. Built in 1971, the 1,317 sqft house sits on a notably generous 7,635 sqft lot, which is larger than most comparable properties in the area, city, and on its own street. The home features a renovated basement and no garage. Its assessed value and living space are consistently around the average mark for its local context, indicating it is a typical, mid-range property for the Fort Richmond community. Its appeal lies in this balance—a home that doesn’t stand out for being exceptionally large or new, but offers a reliable footprint and, most notably, a larger-than-average yard in a convenient location.
Key Characteristics & Ideal Buyer
The key characteristic of this property is its land. The lot size ranks in the top 15-20% across all comparison levels, providing significant outdoor space that is increasingly rare. This makes the home particularly suited to buyers who prioritize yard space for gardening, recreation, or future expansion over having a larger interior or a garage. The renovated basement adds functional living space, appealing to those needing a family room, home office, or separate living area.
Its appeal is grounded in practicality and potential. It suits first-time buyers or downsizers looking for a manageable single-storey layout in a mature neighbourhood. It would also attract value-conscious buyers who see the large lot as a long-term asset, whether for personal enjoyment or as a key equity driver in an area where land is a premium. The home’s metrics suggest it’s not a luxury property, but a stable and sensible one where the land truly leads the value proposition.
Frequently Asked Questions
1. What is the exact recent sold price?
The public data shows a sold price range. For the precise figure, you can request it via email from the listing source; they provide this detail manually at no cost.
2. How does the lack of a garage impact the property?
The home has no garage, which is a consideration for vehicle storage and workshop space. However, the large lot may offer room for adding a parking pad or future structure, subject to local bylaws and permits.
3. Is the larger lot size a common feature in this area?
No, it is not common. The data shows this lot is larger than approximately 80-87% of comparable properties in Fort Richmond, making it a standout feature for this home.
4. What does "around average" for living space and assessed value mean for me?
It indicates the home is typical for the neighbourhood, not over- or under-sized for its market. This can be positive for resale, as it aligns with buyer expectations for the area, and suggests the price should be competitive within the local market.
5. The home was built in 1971. What should I consider?
While the building is from the early 1970s, the renovated basement is a positive update. A standard home inspection is especially recommended to review the condition of major aging components like the roof, windows, plumbing, and electrical systems, which may be due for updates or replacement.