Property Overview: 115 Laval Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, 1965-built bi-level home on a quiet street in the established Fort Richmond neighbourhood. With 1,078 sqft of living space and a renovated basement, it offers functional, no-frills living. The lot size is a notable feature, being above the city-wide average, providing generous outdoor space for its footprint.
Its primary appeal lies in its value proposition and location. The home presents an accessible entry point into a desirable, mature neighbourhood known for its proximity to the University of Manitoba, major transportation routes, and amenities. It suits first-time buyers seeking a solid starter home with room to grow, or practical investors looking for a manageable rental property. The renovated basement adds flexible living space, while the larger-than-average lot offers potential for gardening, expansion, or simply more private outdoor space than typically found in newer subdivisions. It’s a home for those who prioritize location and land over sheer square footage, appreciating the character and stability of an older community.
Section 2: Frequently Asked Questions
1. Is the assessed value an accurate reflection of the likely selling price?
Not necessarily. The assessed value for municipal tax purposes is often lower than market value. Recent nearby sales and current market conditions are more reliable indicators of what the home may sell for.
2. What does the "below average" ranking for living area in the neighbourhood mean?
It means that within Fort Richmond, this home's interior square footage is modest compared to many other houses. This typically translates to a lower price point, making it one of the more affordable options in the area.
3. The home is 61 years old. What should I be mindful of?
While the basement has been renovated, a home of this age may have original major systems (like plumbing, electrical, or the roof) that are nearing or past their typical lifespan. A thorough home inspection is strongly advised.
4. There's no garage. Is that common here?
Yes, it's not uncommon for homes of this era and style in Winnipeg. The large lot does provide ample space for driveway parking and the potential to add a garage or carport in the future, subject to local bylaws.
5. How does the lot size compare to a typical new build?
The lot is significantly larger than those in most new suburban developments. This is a key advantage, offering more privacy, green space, and potential than what is typically available in newer construction at a similar price point.