Property Overview: 127 Laval Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1965, situated on a generous 6,268 sqft lot in the established Fort Richmond neighbourhood. With 1,040 sqft of living space and a renovated basement, it presents a straightforward, functional layout. The home lacks a garage and pool, keeping maintenance simpler.
Its primary appeal lies in its value and lot size. The assessed value is notably below the neighbourhood average, suggesting a potentially accessible entry point into the area. While the house itself is compact compared to others on the street, the lot is significantly larger than the Winnipeg city-wide average, offering valuable outdoor space and future potential in a mature community. This property would suit first-time buyers, downsizers, or value-focused investors looking for a lower-maintenance home with a sizeable yard in a convenient university-area locale. It’s a practical choice for those who prioritize land over square footage and see opportunity in a solid, no-frills foundation.
Section 2: Frequently Asked Questions
1. Is the price competitive for the area?
Yes. The home’s assessed value ranks below the Fort Richmond average, positioning it as a more affordable option in the neighbourhood, which is often in demand due to its proximity to the University of Manitoba.
2. How does the living space compare to nearby homes?
The living area is smaller than most comparable homes on Laval Drive and in Fort Richmond. This is a key trade-off for the larger lot and lower price point.
3. What is the significance of the lot size?
The lot is a standout feature, larger than approximately 74% of homes across Winnipeg. This provides ample yard space, privacy, and potential for gardening, expansion, or future additions, subject to zoning.
4. What does the sold price history indicate?
Recent sales data shows stable value in the upper $300k to low $400k range. The consistency suggests the market recognizes the property’s established value based on its lot and location.
5. Who might this home not suit?
It may not suit buyers seeking a modern, move-in-ready home with ample indoor living space or garage parking. It’s best for those comfortable with a home of its era and who value the potential of the land itself.