Property Overview: 20 Dalhousie Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, 1,138 sqft condo with a renovated basement, built in 1979. Its primary appeal lies in its strong positional value within its immediate neighborhood. The living space is notably generous, ranking in the top 3% on its street and top 1% in Fort Richmond, making it a spacious option compared to local peers. While the building itself is older, the property holds its value well, with an assessed value consistently above average for both the street and the neighborhood.
This home would suit a practical buyer looking for established community charm without sacrificing interior space. It’s ideal for someone who values a renovated, move-in-ready basement for extra living area or rental potential, and who prioritizes a proven, stable investment in a specific area over a brand-new build. A thoughtful perspective is that an older building in a mature neighborhood like Fort Richmond often comes with larger unit sizes, settled communities, and more predictable costs than newer, denser developments, offering a different kind of value.
Section 2: Frequently Asked Questions
1. How does the age of the building (1979) affect this property?
While the building is older than many on its street, the condo itself is spacious and the basement has been renovated. The year-built ranking is strong within the wider Fort Richmond area, suggesting the building is well-kept and typical for this established neighborhood. Focus should be on the building's condition, reserve fund, and the recent renovations inside the unit.
2. The assessed value seems lower than the city-wide average. Is that a concern?
No, this reflects localized value. The assessment is consistently above average for both Dalhousie Drive and the entire Fort Richmond neighborhood, which is the more relevant comparison. It indicates the property is a strong performer in its specific market context.
3. Who is responsible for the basement renovation, and are permits available?
This is a key question for any condo with interior renovations. The buyer should verify through their realtor whether the renovation was completed by the current owner or the condominium corporation, and request any available documentation or permits for the work.
4. What does the sold price history tell us?
The history shows stable, above-average sale prices for the area in both 2017 and 2022, indicating resilient value. The "Elite" ranking for living area likely contributes significantly to this sustained appeal.
5. The rankings show "Top 1%" for living area in Fort Richmond but only "Top 32%" city-wide. Why the difference?
This highlights the neighborhood's character. Fort Richmond has many compact, efficient homes. This condo offers exceptional space for this area, which is a major advantage locally. City-wide, it's comfortably average in size, competing with a much broader range of home types and suburbs.