Property Overview: 19 Mcmasters Road, Fort Richmond, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home in Fort Richmond is a practical and straightforward property built in 1965. With 1,317 sqft of living space and a recently renovated basement, it offers functional, single-level living on a generous 6,598 sqft lot. The home’s assessed value places it solidly in the mid-range for the area, reflecting its established neighbourhood context rather than luxury finishes.
Its primary appeal lies in its modesty and potential. The renovated basement adds valuable finished space, while the above-average lot size for Winnipeg provides room for gardening, play, or future expansion. The home doesn’t stand out as exceptionally large or new in its immediate area, but it represents a stable, average offering in a mature community. It would suit first-time buyers, downsizers looking for minimal stairs, or value-oriented investors seeking a rentable property without major immediate upgrades. A thoughtful perspective is that its very "averageness" in many metrics could be a strength, offering a manageable entry point into a stable neighbourhood without the premium price of a standout home.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is around average for Mcmasters Road and the wider Fort Richmond area. Recent sold price data suggests it trades in line with neighbourhood norms, not as a discount or a premium property.
2. Is the lot size a significant feature?
Yes. While the lot is average for the street, it ranks above average city-wide. This means you’re getting more outdoor space than many Winnipeg homes, which is a valuable asset for privacy or outdoor activities.
3. What should I know about the home’s age?
Built in 1965, it is older than many homes in Fort Richmond. This implies potential for older components (like roofing, windows, or plumbing) to need attention, but also suggests a well-established streetscape and mature landscaping.
4. There’s no garage. How does that impact value and livability?
The lack of a garage is a practical consideration, especially in winter. It keeps the purchase price and taxes lower, but you’ll need to budget for alternative parking and storage solutions. This is common for homes of this era in the area.
5. The sold price history shows a significant increase between 2016 and 2023. What does that indicate?
This increase aligns with broader market trends over that period. It shows the property has appreciated, but the more recent sale price provides a clearer, current benchmark of its market value than the older data.