Property Overview
This two-storey home on a generous 6,979 sqft lot in Fort Richmond presents a classic and practical living opportunity. Built in 1973, its key appeal lies in its established neighbourhood setting and significant lot size, which ranks well above average for both the street and Winnipeg overall. The home itself offers 1,655 sqft of living space and features an attached garage and a renovated basement. Its assessed value positions it as a mid-range option within the area, suggesting a balance between space and affordability. The property would suit first-time buyers or downsizers looking for a manageable home with ample outdoor space in a mature community, or an investor attracted by the lot's potential in a long-established neighbourhood.
Frequently Asked Questions
What does the "renovated basement" typically include?
While specifics require a viewing, a renovated basement in a home of this era often means finished living space, possibly including a recreation room, additional bedroom, or laundry area. It's important to confirm the scope, permits, and the quality of the finish.
How does the lot size compare to newer subdivisions?
At nearly 7,000 sqft, this lot is substantially larger than those found in many modern developments. This allows more room for gardening, play, or future additions like a deck or shed, which can be a major draw for buyers seeking outdoor space.
Is the assessed value the same as the market value?
No. The assessed value (listed as $46.30k) is for municipal tax purposes and is typically much lower than the current market value. The sale price will be determined by recent comparable sales, condition, and market demand.
What are the implications of the home being built in 1973?
Homes from this period often have solid construction but may have original components, like windows, roofing, or the heating system, that are nearing or past their typical lifespan. A thorough inspection is advised to budget for any necessary updates.
How does this home fit within the Fort Richmond neighbourhood?
The data shows this property offers more living space and a larger lot than many homes in Fort Richmond, while its assessed value is higher than over 80% of neighbourhood comparables. This suggests it's a competitively sized property within the area's market.