Property Overview & Appeal
This one-storey home in Fort Richmond presents a practical, grounded opportunity. Its key characteristic is balance: at 1,486 sqft, the living space is neither the largest nor the smallest in its immediate area, city, or neighborhood, positioning it as a comfortably average-sized family home. A renovated basement adds functional living space. The lot size of nearly 8,000 sqft is a significant asset, offering above-average outdoor space for the city and neighborhood, which is a notable perk for a property without a garage. Built in 1977, the home is of a typical vintage for the area.
The appeal lies in its straightforward, no-frills profile and its value within the context of the wider city. While its assessed value is below average on its own street, it sits above the citywide average, suggesting you may get more land and space for your dollar here compared to many Winnipeg neighborhoods. It would suit a buyer looking for a manageable single-level layout, who values a larger yard over an attached garage, and who appreciates a home that doesn’t stand out as an extreme in any category—either in price or size—offering a sense of stability and proportion.
Frequently Asked Questions
1. Is the lack of a garage a major drawback?
While the property has no garage, the very large lot (7,996 sqft) provides ample space for adding a detached garage or shed, subject to local bylaws. For buyers who prioritize yard space over covered parking, this is actually a trade-off in their favor.
2. How does the assessed value compare to the recent sold price?
The home sold in September 2023 for an estimated $41.5k–$44.5k, which aligns closely with its current assessed value of $44.30k. This suggests the assessment is closely tied to its recent market transaction.
3. The home is "around average" in many metrics. Is that a good thing?
This can be a strength. It indicates the property is unlikely to be over-improved or under-improved for its area, which can help with resale value and property taxes. It represents a standard, predictable offering in the Fort Richmond market.
4. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the permits, finish quality, and whether it includes a secondary suite or additional bedrooms, as this significantly impacts value and utility.
5. The home ranks low on its street for assessed value. Should I be concerned?
This indicates that other homes on Wendover Place are assessed higher, possibly due to larger size, more updates, or having a garage. It doesn't necessarily reflect poorly on this home, but it does mean this property could be one of the more accessible entry points onto this particular street.