Property Overview: 196 Linacre Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a compelling mix of space, value, and location. With 1,540 sqft of living area, it offers above-average space citywide, yet it's notably one of the newer homes on its street, built in 1980. Its significant appeal lies in its strong value proposition: the assessed value ranks well above average for the street, neighbourhood, and city, suggesting a solid investment relative to its peers. The property sits on a generous 7,217 sqft lot, providing ample outdoor space that is larger than the Winnipeg average. A key modern feature is its renovated basement, adding functional living space. The home suits practical buyers looking for a move-in-ready property with room to grow, as well as value-conscious investors who recognize its above-average assessment metrics in a mature, convenient neighbourhood.
A less obvious perspective is its positioning within the immediate area. While the home's living area is modest compared to others on Linacre Road, its newer construction and higher assessment indicate likely updates and desirable attributes that aren't immediately quantifiable. This creates an opportunity for a buyer to acquire a well-regarded property on a street of potentially larger, but older, homes.
Section 2: Frequently Asked Questions
1. How does this home's value compare to others nearby?
The assessed value of $52.40k ranks in the top 19% on Linacre Road and the top 9% in all of Fort Richmond, indicating it is considered a higher-value property by municipal assessment standards compared to most direct neighbours and area homes.
2. Is the living space large for the area?
The living area is above the city-wide average but is actually below the average for Linacre Road itself. This suggests the home's value is driven more by factors like its condition, lot size, and newer construction year rather than sheer interior square footage.
3. What does the "newer" build year mean for this home?
Built in 1980, this home is among the top 4% newest on its street, where many homes are from the early 1970s. This can imply more modern construction standards, wiring, and plumbing, potentially reducing immediate major repair needs.
4. What is the exact prior sale price?
Public data shows a sale in July 2016 for an estimated range. For the precise historical sale price, you can request it directly via email from the listing source, which provides this detail manually.
5. What kind of properties are considered comparable?
The listing references nearby homes like 165 Linacre Road and 79 Michigan Avenue for comparison, focusing on similar neighbourhoods but varying in year built, size, and assessed value to give context on the local market range.