Property Overview: 22 Lafayette Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical, no-frills property built in 1971. Its key characteristic is its modest, renovated 954 sqft layout with a detached garage, sitting on a well-sized 6,377 sqft lot. The appeal lies in its straightforward efficiency and its position within a stable neighbourhood. While its living space is notably smaller than many area homes, this translates to lower utility costs and less upkeep. The renovated basement adds functional living space.
It would suit first-time buyers seeking an affordable entry into homeownership, downsizers looking to simplify without leaving the community, or pragmatic investors searching for a manageable rental property. A thoughtful perspective is that its smaller size and average assessment for the street suggest it’s a home valued more for its land and location than its square footage, offering potential for future expansion or simply a lower property tax burden relative to its lot size.
Frequently Asked Questions
1. Is the house particularly small?
Yes. At 954 sqft of living area, it is smaller than most comparable homes in both Fort Richmond and on Lafayette Bay itself. This means efficient use of space is essential, but it also results in lower heating and maintenance costs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the home's true living space and condition.
3. How does the assessed value compare?
At approximately $38,300, the assessment is around the average for Lafayette Bay but below the average for Fort Richmond as a whole. This can indicate a potentially favourable property tax position relative to the neighbourhood.
4. Is the lot size a positive feature?
Yes. The 6,377 sqft lot is above the Winnipeg city-wide average. For the right buyer, this offers valuable outdoor space and a greater sense of privacy than many city lots, with potential for gardening, expansion, or additions.
5. Where can I find the exact historical sale price?
The exact sold price from the December 2019 transaction is not publicly listed here. The site provides an estimated range and offers to send the precise figure via email upon request, which is a common practice for certain property data in the region.