117 Linacre Road

Property Summary: 117 Linacre Road, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Fort Richmond is distinguished by its above-average size and premium valuation. With 2,105 sqft of living space, it ranks within the top 11% of homes on its street and the top 8% within the wider neighbourhood and city, offering significantly more room than typical comparables. Its assessed value of $590,000 places it in an elite tier for the area (top 4% on the street, top 5% in Fort Richmond), signaling a property that is both substantial and well-regarded. Key features include an attached garage and a renovated basement.

The appeal lies in its combination of established neighbourhood character—the home was built in 1970—with the space and stature of a premium property. It suits buyers looking for a generous, move-in-ready family home in a mature area, who value space over a brand-new build. A thoughtful perspective is that while the lot size is average for the immediate area, it is above average city-wide, offering good outdoor space without the high maintenance of an excessively large yard. This property is likely best suited for established professionals or growing families seeking a long-term home with proven value retention in a convenient Winnipeg neighbourhood.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value ($590k) is for municipal tax purposes and is a strong indicator of the home’s market standing, placing it in the top tier for the area. However, the final selling price will be determined by current market conditions, the home’s specific condition, and buyer demand.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, permits, and the nature of the space (e.g., recreational room, additional bedroom, legal suite) to understand its full value.

3. The home sold in late 2020. What has changed since then?
It last sold for an estimated $57.5k–$60.5k in October 2020. The significant increase to its current $590k assessment reflects strong market appreciation and likely indicates meaningful updates or improvements made to the property in the intervening years.

4. How does the living area compare to newer homes?
At 2,105 sqft, this home offers more living space than approximately 92% of homes across Winnipeg. It provides the square footage of many new builds without being located in a newer subdivision, appealing to those who prefer established communities.

5. Is the property in a flood zone or have any known major issues?
This summary does not include specific environmental or disclosure information. Buyers should conduct standard due diligence, including a review of property disclosure statements, a professional home inspection, and inquiries regarding flood history or other area-specific concerns.