Property Overview

This 3-level split home at 78 Baldry Bay in Fort Richmond presents a specific and practical value proposition. Built in 1965, its key appeal lies in a generous 7,040 sqft lot that is notably larger than many city and neighbourhood comparables, offering significant outdoor space and potential. The home itself, with 1,196 sqft of living space and a renovated basement, is functional but modest in size relative to its immediate street, where it ranks among the smaller homes. Its assessed value is positioned below average for the street and neighbourhood, yet around the city-wide median, suggesting an entry-point opportunity in a well-established area.

The property would suit a first-time buyer, an investor, or a downsizer who prioritizes land size over a large interior footprint. Its appeal is for those who see value in the lot itself—whether for gardening, future expansion, or simply more private space—and are comfortable with a home that requires personalization. It’s a pragmatic choice for someone looking to enter the Fort Richmond community without a premium price tag, willing to trade some interior square footage for a larger-than-average yard.

Frequently Asked Questions

1. Is this a good value for the area?
The data suggests it is a relative value. While the house is smaller than most on its street, it sits on a larger lot and carries an assessed value below the neighbourhood average. This creates a scenario where you may be paying more for the land than the structure, which can be a strategic buy.

2. What does "below average" for living area on the street actually mean?
On Baldry Bay, this home is among the smallest, ranking 36th out of 38 homes for living space. The average home on the street is about 1,578 sqft, making this property roughly 380 sqft smaller. This highlights a compact interior layout.

3. How updated is the home?
The listing confirms a renovated basement. The condition of the main living levels (kitchen, bathrooms, systems) from its 1965 build would require a professional inspection to determine the level of updating needed.

4. What are the implications of having no garage?
The lack of a garage means all vehicle parking will be on the driveway or street. It also reduces enclosed storage space, which is a practical consideration for storage, hobbies, or workshop needs, though the large lot could allow for a future shed or structure.

5. The sold price history shows a sale in 2019. What can be inferred?
The home sold for an estimated $30.5k-$33.5k in mid-2019. This historical price, significantly lower than current assessed values city-wide, primarily shows the market's appreciation over time and is not a direct indicator of its current market value, which will be influenced by present conditions and upgrades.