Property Overview
19 Acadia Bay is a one-storey home in Fort Richmond, built in 1967. It features 1,160 sqft of living space, a renovated basement, and a detached garage on a 5,608 sqft lot. The home last sold in July 2021.
Key Characteristics & Appeal
This home presents a practical, no-fuss living option in a well-established neighbourhood. Its key appeal lies in its straightforward layout and recent basement renovation, which adds modern, functional space without the premium of a fully updated main floor. The detached garage offers flexibility for parking, storage, or a workshop.
Statistically, the property sits in the middle of the pack for its size and value compared to neighbours, meaning it’s not over-improved for the street. This can be an advantage for buyers seeking an affordable entry into the area without immediate pressure to upgrade. The lot is smaller than others on the street, which translates to less yard maintenance—a plus for downsizers or those seeking a simpler lifestyle. It would suit a first-time buyer looking for a solid starter home with some updates already done, or an investor seeking a manageable rental property in a stable area near the university.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
Not necessarily. While below average for the street, it requires less upkeep and can mean lower property taxes tied to land value, which appeals to those looking to minimize maintenance and ongoing costs.
2. The home is older; what should I be concerned about?
As a home built in 1967, a thorough inspection is wise to assess the condition of major aging components like the roof, windows, and foundation. The renovated basement is a positive, but ensure the work was permitted and addresses any core moisture issues common in homes of this era.
3. How does the assessed value relate to market price?
The assessed value is for municipal tax purposes. The last sale in 2021 was close to this figure, but current market value is determined by recent sales of similar homes. The provided comparable listings with similar assessed values can be a useful starting point for research.
4. Who would this neighbourhood suit?
Fort Richmond is popular with university staff, students, and young families due to its proximity to the University of Manitoba. It offers a quiet, residential feel with good access to parks and retail amenities.
5. The rankings show it's "around average" in many categories. What does that mean for me?
It indicates the home is typical for the area, not an outlier. This can provide price stability and predictability, as its value is less likely to be disproportionately affected by unique features (very large or very small) when compared to neighbouring sales.