Property Overview
This 4-level split home at 23 Linacre Road in Fort Richmond presents a solid, no-frills opportunity in a well-established Winnipeg neighbourhood. Built in 1969, it features 1,568 sqft of living space and a notable 8,510 sqft lot, with an attached garage and an unrenovated basement. Its appeal is rooted in its above-average land size and a balanced, practical profile that sits comfortably within neighbourhood and city-wide averages for value and living space.
Key Characteristics & Target Buyer
The home’s standout feature is its generous lot size, which ranks in the top 15% for the neighbourhood and top 10% city-wide. This offers significant outdoor space and potential for gardening, expansion, or simply more privacy than typical lots. The living area and assessed value are both above average for Fort Richmond and Winnipeg overall, indicating a property that provides good space for its market segment without being oversized or overvalued relative to its peers. The unrenovated basement presents a blank canvas for future finishing.
Its appeal lies in its balance and potential. It’s a property that isn’t extreme in any one metric but offers a reliable combination of space, land, and location. It would suit a practical buyer—perhaps a young family, a hands-on homeowner, or an investor—who values a larger yard and sees potential in a home that hasn’t been fully updated. It’s for someone comfortable with a property that may require gradual modernization but offers solid fundamentals and room to grow.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
Based on available data, the last recorded sale was in early 2017 for an estimated range of $365k-$395k. Its current assessed value of $463k is above average for the area, suggesting perceived growth or stability in value over the past eight years.
2. What does "above average" for land area practically mean for me?
With a lot size of 8,510 sqft, you have approximately 1,000-2,000 more square feet of land than many neighbouring properties. This translates to a more spacious backyard, greater distance from adjacent homes, and potentially fewer restrictions on adding a shed, deck, or future addition.
3. The basement is noted as "not renovated." What should I expect?
This typically means the basement is in original or functional condition, likely with unfinished or partly finished areas. It offers functional space (laundry, storage) but presents an opportunity to customize and add value according to your own needs and budget.
4. Is the 4-level split layout efficient?
This style, common for its era, creates distinct living zones across multiple half-levels. It can offer good separation between living and sleeping areas, but may involve more stairs than a bungalow or two-storey. It’s a matter of personal preference for flow and layout.
5. How does the age of the home (1969) factor into maintenance?
Built 57 years ago, the home is of average age for the neighbourhood. Buyers should budget for and expect updates to major aging components, such as the roof, windows, plumbing, or electrical systems, which may be nearing or past their typical lifespan. A thorough inspection is advised.