Property Overview
This well-situated Fort Richmond home presents a practical opportunity. Built in 1973, it's a one-storey house with an attached garage and a renovated basement. At 1,176 sqft of living space, the home is slightly more compact than many in the immediate area, but it sits on a generous 7,557 sqft lot that is notably larger than most city-wide averages. Its assessed value is positioned solidly in the middle range for the neighbourhood.
The appeal here is grounded in space and location. The large lot is a standout feature, offering significant outdoor potential that is harder to find in newer subdivisions. The renovated basement adds functional living space, making the home feel larger than the main floor square footage suggests. It would suit first-time buyers looking for a manageable home with room to grow outdoors, or downsizers who want a single-level layout without sacrificing yard space. A less obvious angle is its appeal to value-conscious buyers who prioritize land size over a large interior footprint, seeing the lot as a long-term asset.
Frequently Asked Questions
Is the living area too small compared to other homes on the street?
While the living area is below the street average, the home compensates with a larger-than-average lot and additional finished space in the renovated basement, which may better suit those who value outdoor space over sheer interior square footage.
What does the "Elite" ranking for Year Built mean?
On Leeds Avenue, this home is ranked as newer than most of its direct peers. Essentially, it's among the more recently built houses on its specific street, which can be a positive for foundational components.
How does the large lot impact property value and costs?
A larger lot typically adds to property value and desirability. However, it can also mean higher property taxes relative to similar-sized homes on smaller lots, and potentially more maintenance or landscaping responsibilities.
The assessed value seems low. Is that accurate?
The assessed value shown (40.50k) is for municipal tax purposes and is not the market value or listing price. Market value is determined by recent sales of comparable properties, current condition, and buyer demand.
What is the significance of the sold price history provided?
The sold price ranges from 2016 and 2021 offer historical context for how the property's market value has changed over time. For the most accurate, exact sold prices, you can request them directly via the provided email service.