Property Overview: 26 Macalester Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1965, presents a practical opportunity in the established Fort Richmond neighbourhood. With 1,567 sqft of living space, it offers above-average roominess for the area and the city. A key feature is its renovated basement, adding immediate functional living space. The lot, at just over 6,000 sqft, is a comfortable size for the city, though it is slightly smaller than others on its street.
The primary appeal lies in its value positioning. The home’s assessed value is notably below average for its immediate street and neighbourhood, which can signal an entry point into a desirable area or represent a value-add opportunity for the right buyer. It suits first-time buyers or practical investors looking for a home with solid square footage in a mature community, who are comfortable with a property from the 1960s and may see potential in its existing renovation and value metrics. A thoughtful perspective is that while it ranks lower on its own street for metrics like assessed value and lot size, it actually compares more favourably city-wide, suggesting you’re acquiring a home that offers more space than the typical Winnipeg property, just in a neighbourhood where standards are high.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. Why is the assessed value so much lower than neighbouring homes on Macalester Bay?
The data shows it ranks 40th out of 40 for assessed value on its street. This could be due to a variety of factors, including the specific condition, features, or the timing of the last assessment compared to renovations. It’s a key point for discussion with your realtor.
3. What does the "4 Level Split" layout typically mean?
This popular 1960s-70s design often features multiple short flights of stairs creating four to five distinct levels. It offers good separation of living and sleeping areas but may not be ideal for those seeking single-level living.
4. How does the lot size impact this property?
At 6,048 sqft, the lot is smaller than most on the street but is still above the city-wide average. It provides a decent outdoor space but may have less yard or expansion potential than some direct neighbours.
5. Where can I find the exact historical sale prices?
The listed sale price ranges are estimates from public data. The seller directs interested parties to email them via the provided button to receive the exact sold price history, which they provide manually.