Property Overview: 174 Bayridge Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond presents a practical and well-positioned offering. Built in 1981, it features 1,200 sqft of living space, a renovated basement, and a detached garage. The data reveals its core appeal: it’s a home that outperforms its immediate street in terms of living space and assessed value, suggesting a property that has been maintained or updated relative to its closest neighbors. Its lot size is modest for the broader area, which translates to less yard maintenance—a potential plus for some.
The property suits first-time buyers or downsizers seeking a manageable, move-in-ready home in a mature neighborhood. Its above-average ranking on its own street for value and size indicates a smart choice for someone looking for a solid footprint in a specific community without the premium of a larger lot. The recent sale history shows significant value growth over the past five years, pointing to a sound investment in a stable area.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
While its lot is smaller than many in Fort Richmond, the home itself ranks above average for living space and assessed value on its own street. This suggests you’re getting a well-sized house on a low-maintenance lot compared to the immediate alternatives.
2. What does the sold price history indicate?
The home sold in 2020 and again in 2024, with the price range increasing significantly over those four years. This points to strong market appreciation for the property itself during that period.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify a legal suite. Buyers should verify the renovation scope, permits, and whether it adds independent living facilities or is simply finished space.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer to the main house. However, it requires going outdoors in winter, which is a practical consideration for Winnipeg.
5. The home is older—what should I be mindful of?
Built in 1981, major components like the roof, windows, and heating system may be nearing or past their typical lifespans. A thorough inspection is crucial, though the recent renovations and strong assessed value are positive signs of upkeep.