Property Overview
This 864 sqft bi-level home at 12 Mount Allison Bay in Fort Richmond presents a practical, no-frills opportunity in a well-established Winnipeg neighbourhood. Built in 1971, it sits on a 5,826 sqft lot and features a renovated basement. The home lacks a garage and pool. Its key appeal lies in its position as a relatively affordable entry point into the market. The assessed value is modest, and the home ranks below average in size for its immediate street and area, but compares more evenly city-wide. This suggests a property that is unassuming on its block but represents a typical offering for Winnipeg as a whole. The renovated basement adds functional living space.
It would suit first-time buyers or investors seeking a straightforward, lower-maintenance property without premium features. Its value is in utility and location over grandeur. A thoughtful perspective is that while it may feel small compared to neighbours, its lot size is closer to the city average, offering decent outdoor space relative to the home's footprint. The recent basement renovation also indicates some modern updates within a classic structure.
Frequently Asked Questions
1. Is this house significantly smaller than others in Winnipeg?
Not city-wide. While its living area is below average for Fort Richmond and its own street, it ranks closer to the middle compared to all Winnipeg homes, indicating its size is quite typical for the broader market.
2. What does the assessed value tell me about the property?
The assessed value of $35,600 is below average for the street and area, but near the median for the entire city. This often signals a more affordable, baseline property in a neighbourhood that may have a mix of larger, more updated, or higher-value homes.
3. The home is over 50 years old. Should I be concerned?
The year built (1971) is actually newer than many on its street and is typical for Winnipeg. Age alone is less a concern than the condition of major systems, which underscores the importance of a thorough inspection.
4. There's no garage. How common is that?
The listing notes no garage. This is a trade-off for the price point and is a factor to consider for vehicle storage and winter convenience, though on-street parking may be available.
5. You mention a renovated basement. What does that include?
The listing confirms the basement is renovated but does not specify details. This should be a key question for the listing agent to understand the quality, layout, and permits for the renovation, as it adds crucial living space to the smaller main floor.