Property Overview
This 1970 bi-level home at 11 Wadham Bay in Fort Richmond presents a practical opportunity in a well-established neighborhood. With 933 sqft of living space and a renovated basement, it sits on a 6,376 sqft lot. The home features an attached garage and no pool. Its assessed value is consistent with the local area, and it has changed hands a couple of times in recent years.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its efficiency and location. The renovated basement adds functional living space, making the home feel larger than its square footage suggests. It sits on a lot that is notably larger than the Winnipeg city-wide average, offering good outdoor potential for its footprint.
This home would best suit first-time buyers, downsizers, or pragmatic investors looking for an entry point into the stable Fort Richmond area. Its below-average living space compared to immediate neighbors means it’s a more manageable property, potentially appealing to those seeking lower maintenance without sacrificing a good-sized yard. The value is squarely average for the street and neighborhood, suggesting it’s priced without a premium, which could be attractive to a budget-conscious buyer who sees potential in the existing renovations and lot size.
Section 2: Frequently Asked Questions
1. Is the living space too small?
While the living area is below average for both the street and Fort Richmond, the presence of a renovated basement significantly expands the usable space. Buyers should consider the total functional footprint, not just the main floor square footage.
2. How does the assessed value relate to the likely selling price?
The assessed value of $39,100 is around average for the area. Recent sale history shows it sold between $31.5k-$34.5k in 2017 and $39.5k-$42.5k in 2021. This trajectory and current assessments provide a grounded baseline for market value.
3. What are the implications of the lot size?
The lot is larger than the city-wide average but smaller than most on the street. This means you get more outdoor space than many Winnipeg properties, but there may be less privacy or room for expansion compared to some direct neighbors.
4. What does the "below average" year built ranking mean?
Built in 1970, it is slightly older than most homes on Wadham Bay. This isn't unusual for the area, but it does indicate that major original components (like the roof, windows, or foundation) are likely within a typical maintenance or replacement window for a home of this age.
5. How can I get the exact historical sale prices?
The exact sold prices are not publicly displayed. The listing service offers to provide them manually via email upon request, with a commitment not to use your email for unsolicited marketing.