Property Overview
10 Chatham Place is a two-storey home in Winnipeg's Fort Richmond neighbourhood. Built in 1976, it features 1,787 sqft of living space, an attached garage, and a renovated basement. It sits on a large, approximately 9,400 sqft lot. The home presents a blend of established character and updated practicality.
Key Features & Ideal Buyer
This home’s primary appeal lies in its generous proportions, both indoors and out. The living area is notably above average for the neighbourhood and city, offering ample space for a growing family or those who value room to spread out. The renovated basement adds functional living space, increasing its versatility. The lot size is a significant asset, placing it within the top 10% of properties in Fort Richmond, which allows for substantial private outdoor space, potential gardening, or future expansion.
Its assessed value is above average for the wider area, suggesting a solid investment in a desirable location. However, it's interesting to note that on its own street, Chatham Place, this property’s assessment is on the lower end of the spectrum. This could indicate a value opportunity relative to its immediate neighbours, or simply reflect lot positioning or specific home features.
This property would best suit a buyer looking for a established home with room to grow, who prioritizes a large yard over a brand-new build. It’s ideal for families or long-term residents who appreciate the mature Fort Richmond community and want more space than what’s typically found in newer subdivisions.
Frequently Asked Questions
1. How does the property’s value compare to nearby homes?
While the home’s assessed value is above average for Fort Richmond and Winnipeg overall, it ranks below average compared to the other seven homes on Chatham Place itself. This suggests the street consists of highly valued properties, and No. 10 may offer a relative value within that specific context.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a bathroom or secondary living area to fully understand the added value.
3. Is the large lot a typical feature in this area?
No. With a lot size of 9,394 sqft, this property is in the top 10% for Fort Richmond, where the average is about 7,381 sqft. This is a standout feature for the neighbourhood, offering more privacy and outdoor potential than most.
4. What is the typical price history for this home?
Public data shows a sale occurred in August 2021 in a range around the mid-$400,000s. For the exact historical sold price, you can request the information directly via the provided email service on the listing page.
5. What are the implications of the home being built in 1976?
As a home from the mid-1970s, major components like the roof, windows, and heating system may be at or beyond their typical lifespan. A thorough inspection is advised. On a positive note, homes from this era in Fort Richmond are often known for solid construction and larger lot sizes compared to newer builds.