26 Lafayette Bay

Property Overview

26 Lafayette Bay is a one-storey home in Winnipeg's Fort Richmond neighbourhood. Built in 1971, it sits on a generous 6,837 sqft lot and features 1,062 sqft of living space with a renovated basement. The home has no garage or pool. Its recent assessed value is $39,600, and it last sold in May 2022.

Key Characteristics & Appeal

This home presents a straightforward, low-maintenance living option. Its primary appeal lies in its efficient use of space, featuring a renovated basement that adds functional living area, and a lot size that is notably larger than the Winnipeg city-wide average, offering valuable outdoor space. As a one-storey design, it suits those looking for accessibility or simple single-level living.

The data suggests it’s a very typical home for its immediate street and area in terms of size, value, and age, meaning it likely fits seamlessly into the established neighbourhood character. However, its lot size stands out as a relative advantage city-wide. This combination makes it a practical choice for first-time buyers, downsizers, or investors seeking a manageable property in a stable area. Its value has seen steady growth, indicating a solid, if unspectacular, investment in a mature community.

Frequently Asked Questions

1. How does this home compare to others in the area?
The home is very average for Fort Richmond and Lafayette Bay in terms of living area, assessed value, and age. Its lot size, however, is above the city-wide average, which is a less obvious advantage for outdoor space or future expansion.

2. What is the significance of the "renovated basement"?
While the listing confirms the basement is renovated, specifics on the finish quality, layout, or whether it includes a separate entrance are not provided. This adds flexible living space but should be verified in a viewing.

3. Is the lack of a garage a major drawback?
For this area and price point, the absence of a garage is common. Buyers should consider on-street parking or the potential cost/feasibility of adding a shed or carport, given the large lot.

4. What does the sold price history indicate?
The home sold previously in May 2021 and again in May 2022, showing a clear increase in value over that single year. This suggests a strong market reception, possibly due to the basement renovation or market conditions at the time.

5. Who would this property suit best?
It’s well-suited for pragmatic buyers: first-time homeowners wanting an entry point into a stable neighbourhood, downsizers looking for a manageable one-storey layout, or investors attracted by the renovated basement’s potential for rental income (subject to local bylaws).