Property Overview
This one-storey home at 15 Acadia Bay in Fort Richmond is a practical and well-situated property. Built in 1967, it offers 1,488 sqft of living space on a generous 6,487 sqft lot. The home features a renovated basement, but no garage or pool. Its assessed value is in line with area averages. The appeal here is grounded in its established neighbourhood, functional living space, and the value offered by the renovated lower level. It’s a home that prioritizes livability and lot size over modern luxuries.
This property would suit a first-time buyer looking for a solid entry into the Winnipeg market, or perhaps a downsizer seeking single-level living without a cramped lot. Its average metrics across the board suggest a stable, no-surprises investment in a mature community. A thoughtful perspective is that while the home is older than most on its street, this can sometimes translate to a more established, tree-lined setting. The renovated basement adds flexible space, effectively making it a functional bungalow for a small family or a couple with a home office or hobby room.
Frequently Asked Questions
Is the lack of a garage a significant drawback?
While the property has no garage, the large lot provides ample space for parking and potential future additions like a shed or carport. For many buyers in established neighbourhoods, this is a common and manageable trade-off for the lot size and location.
How does the home’s age affect its condition?
Built in 1967, the home is older than many on its street. A thorough inspection is recommended to assess the status of major aging components like the roof, windows, and plumbing, though the renovated basement suggests some updates have been made.
What is the neighbourhood like?
Fort Richmond is a mature, family-friendly community near the University of Manitoba. Acadia Bay is a quiet residential street, with the data showing home sizes and values that are very typical for the area, indicating stability.
The assessed value seems low. What does that mean?
The assessed value (approximately $40.9k) is for municipal tax purposes only and is not an indicator of market value. Market value is determined by recent sales of comparable homes, like the noted 2019 sale of this property.
Can I see the exact historical sale price?
The precise sale price from November 2019 is not publicly listed in detail here. The listing service offers to provide the exact figure via email upon request, as they manually verify this data from non-public sources.