Property Overview
This well-situated one-storey home at 19 Magdalene Bay in Fort Richmond presents a solid, no-fuss opportunity. Built in 1972, its key appeal lies in a recently renovated basement, a detached garage, and a lot size that offers good space for the neighbourhood. The 1,065 sqft living area is typical for homes on its street but is modest compared to the wider Fort Richmond area. Its standout characteristic is a notably high assessed value relative to its immediate street, ranking in the top 5% of Magdalene Bay, which suggests the property is viewed favorably compared to its closest peers. This is a practical home suited for first-time buyers, downsizers, or investors looking for a manageable, single-level layout in an established community. Its value proposition is grounded more in its lot and condition than in sheer square footage.
Key Considerations & FAQs
What is the neighbourhood like?
Fort Richmond is a mature, established neighbourhood in Winnipeg, known for its convenient access to the University of Manitoba, major routes, and retail amenities. It offers a quiet, residential feel.
How does the size compare to other homes?
The living space is very close to the average for Magdalene Bay street but is below the average for the larger Fort Richmond area. This indicates the home offers a more compact footprint than many in the neighbourhood, which can mean lower utility costs and less maintenance.
Why is the assessed value so high for the street?
The assessment ranks in the elite top 5% on Magdalene Bay. This typically reflects factors like the renovated basement, overall condition, lot desirability, or improvements that add value beyond basic size and age comparisons.
What is the significance of the lot size?
At just under 6,000 sqft, the lot is average for the street but below average for Fort Richmond. This means outdoor space is decent for the immediate area but may be smaller than on other streets in the community.
Are recent sale prices available?
Exact sold prices are not publicly displayed. The page provides estimated sale price ranges from 2022 and 2017. For precise historical sale figures, you must request the information directly via the provided email service.