Property Overview: 1158 Purdue Bay, Fort Richmond

Key Characteristics & Buyer Profile

This is a well-anchored, mid-century home situated on a generously sized lot. With roughly 1,158 square feet of living space, it’s on the smaller side compared to nearby homes on Purdue Bay and across Fort Richmond, but the lot stands out—at 5,306 square feet, it’s notably larger than most in the immediate neighbourhood. Built in 1967, the property carries the straightforward, functional layout typical of its era, which often appeals to buyers who appreciate solid construction over trendy finishes.

The assessed value sits around $407,000, which aligns closely with local medians—neither a bargain nor a stretch. The numbers suggest a property that doesn’t command a premium for size or prestige, but offers something many newer builds lack: outdoor space. For buyers who value a private yard, room for gardening, or potential for future expansion, the land here is the real asset. The home itself may need updates, but it’s a blank canvas rather than a problem.

This place would suit: first-time buyers looking for an entry point into a desirable area without overpaying; downsizers who want a single-storey feel (or minimal stairs) on a manageable floor plan; or anyone who sees value in a strong lot location and is comfortable taking on cosmetic renovations over time. It’s less suited to those seeking a turnkey modern home or a maximized footprint.

Frequently Asked Questions

1. How does the living space compare to other homes in Fort Richmond?
It’s smaller than average. The median living area in Fort Richmond is around 1,421 square feet, so this home is about 18% below that. It ranks in the bottom 30% locally. For someone who prioritizes yard space or a lower purchase price over interior square footage, this trade-off often makes sense.

2. Is the assessed value realistic for this property?
Yes, it appears to reflect the market accurately. The value sits just below the Fort Richmond median but above the citywide median. Given the older build and smaller floor plan, the assessment leans on the lot size and location. It’s a fair baseline, not a steal.

3. What’s the condition of a 1967 home likely to be?
Expect original features unless updates have been noted otherwise. This typically means solid framing, but possible older windows, mechanicals (furnace, electrical panel), and dated kitchens or bathrooms. A home inspection is wise, but many 1960s homes in this area have good bones and have been partially updated over the years.

4. Why is the land area considered a strong point?
On Purdue Bay, the average lot is around 5,306 square feet, and this property meets that. But compared to the broader Fort Richmond area, larger lots are less common—this lot outranks 91% of neighbours locally. More land means more privacy, space for additions, or simply a bigger garden. In established neighbourhoods, that’s a tangible advantage.

5. Could this property be a good investment?
That depends on your goals. The land provides long-term appreciation potential, especially if the area sees densification or redevelopment. As a rental, the smaller floor plan may limit tenant appeal, but the neighbourhood is stable. For a primary residence, it offers a sound entry point into a well-regarded community without paying for finishes you don’t need.