Property Overview: 205 Dalhousie Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond is a practical and straightforward property. Built in 1968, it offers 1,155 sqft of living space, which is quite typical for the immediate street and city overall. A key feature is its renovated basement, adding valuable finished space. The lot is modest at just under 3,500 sqft, smaller than many in the wider neighbourhood, but manageable.
The primary appeal lies in its value proposition within a well-established area. The home’s assessed value is notably lower than many comparables, suggesting a potentially more accessible price point for the neighbourhood. This creates an opportunity for first-time buyers or investors seeking entry into Fort Richmond, a mature community with amenities and proximity to the University of Manitoba. The renovated basement adds immediate functionality without the need for initial projects.
It would best suit buyers with realistic expectations: those who prioritize location and liveable space over a large yard or a newer build. It’s a candidate for someone looking to put down roots in a stable area without a premium price tag, or for an investor considering the steady rental market near the university. The smaller lot means less maintenance, which could be a plus for busy professionals or downsizers.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the average for the area?
While the exact reason isn't specified, a significantly lower assessment can sometimes reflect the home’s older vintage, smaller lot size, or interior finishes compared to updated or larger homes nearby. It's a crucial starting point for understanding its market positioning.
2. What does the sold price history from 2019 indicate?
The home sold in April 2019 for a price range significantly below its current assessed value. This highlights strong market appreciation over the last several years and underscores the importance of a current market evaluation, as past prices are not a reliable indicator of today's value.
3. Are there any concerns with a home built in 1968?
While the structure is mature, the renovated basement is a positive update. A thorough inspection is always recommended for homes of this age to review the condition of major systems like roofing, plumbing, and electrical, which may be original or nearing their lifespan.
4. How does the smaller lot size impact living here?
The lot is smaller than many in Fort Richmond. This means less outdoor maintenance and private space, but the property still offers a yard. It’s a trade-off that contributes to the home’s affordability in the neighbourhood.
5. What is the neighbourhood and street like?
Being on a street with many homes of a similar era and size suggests a consistent, established streetscape. Fort Richmond is a mature, family-friendly neighbourhood with strong amenities and convenient access to major routes and the university campus.