Property Overview: 203 Dalhousie Drive, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1968, offers 1,155 sqft of living space with a renovated basement. It sits on a 3,630 sqft lot and does not include a garage or pool. The home’s assessed value is notably lower than most comparables, which presents a distinct value proposition in the Fort Richmond neighbourhood.
The primary appeal lies in its affordability and potential. With an assessed value significantly below area averages, it represents an accessible entry point into a well-established community. The renovated basement adds functional living space, a practical upgrade for a home of this vintage. It suits first-time buyers or investors looking for a lower-cost footprint in a central Winnipeg neighbourhood, where the value may be found more in the land and location than in high-end finishes. A thoughtful perspective is that its below-average metrics across several categories aren't just drawbacks; for the right buyer, they signal an opportunity to build equity through updates without the premium of buying a already-renovated or larger home. It’s a practical choice for those comfortable with a property that offers fundamentals in a quiet residential setting.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on municipal evaluation, which considers factors like the home's age, size, and recent sales in the area. Its rank in the bottom quartile locally suggests it may be valued conservatively due to its smaller lot and living area compared to neighbourhood averages, or it may reflect a need for modernization in certain areas.
2. What does having a "renovated basement" typically mean for a home of this age?
While specifics aren't listed, in a 1968 home, a renovated basement often means updated finishes, improved moisture control, and conversion into livable space such as a family room or additional bedroom. It's advisable to confirm the scope of work, permits, and the quality of the renovation.
3. How does the lack of a garage affect daily living and resale?
This means all vehicle parking will be on the driveway or street. For some buyers, this is a trade-off for the lower price point. It’s a practical consideration for Winnipeg winters, but the property may appeal to households with fewer vehicles or those willing to add a shed or sheltered parking later.
4. The home last sold in 2019 for a price range shown. What does that indicate?
The sold price range from April 2019 provides a historical benchmark, showing the home's market value at that time. Comparing it to the current assessed value and market conditions can help gauge appreciation trends, but a current appraisal or comparative market analysis is needed for today's value.
5. Is the living space sufficient for a small family?
At 1,155 sqft across two storeys plus a basement, the home offers a functional layout for a small family or couple. The renovated basement effectively expands the usable space. Its living area is slightly below the immediate street average, so room sizes may be cozy rather than spacious, emphasizing efficient use of space.