Property Overview: 201 Dalhousie Drive, Fort Richmond
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond presents a practical opportunity. Its key characteristic is a renovated basement, adding functional living space to the 1,155 sqft footprint. Built in 1968, the home sits on a modest 3,641 sqft lot, which is manageable and low-maintenance. Notably, its assessed value is significantly below average for both the immediate street and the wider Fort Richmond area, suggesting a potentially accessible entry point into the market.
The appeal lies in its straightforward, no-frills profile. It suits first-time buyers or practical investors looking for a solid foundation without premium pricing for extras like a garage or pool. The renovated basement offers immediate utility, whether for family space, a home office, or a rental suite (subject to verification). A thoughtful perspective is that a home with below-average assessments on a street of similar houses can represent a value proposition, allowing for equity growth through basic updates rather than paying for already-maximized value. It’s a home for those who see potential in fundamentals and prefer a quieter, established neighbourhood close to the University of Manitoba and major transit routes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
While the exact reason isn't specified, a significantly lower assessment can sometimes relate to the home's specific condition, layout, or features compared to updated neighbours. It's a key point to investigate, as it can affect property taxes and indicate renovation potential.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not detail the scope, finish quality, or whether it includes a legal secondary suite. This is a crucial question for understanding the home's true layout and value.
3. How does the lack of a garage impact daily living in this location?
With no garage, on-street parking or the potential to add a driveway or carport are important considerations. Winnipeg winters make this a practical concern for many buyers.
4. The home sold in 2022 and again is listed. What should I consider?
The relatively quick turnaround suggests reviewing the reasons for the sale and any changes made during the recent ownership. It also provides a very recent market price comparison.
5. How does the smaller lot size compare, and what are the implications?
The lot is below average in size for Fort Richmond. This means lower maintenance but may limit expansion possibilities like large additions or decks. Checking local zoning bylaws for development potential is advised.