Property Overview
This one-storey home at 27 Mount Allison Bay in Fort Richmond presents a compact, efficiently sized living option. Built in 1971, its 864 sqft of living space is notably below the average for both its immediate street and the wider neighbourhood, positioning it as a more manageable and potentially affordable entry point. The property sits on a 5,552 sqft lot, which is also below the local average but is fairly typical by city-wide standards. A key updated feature is its renovated basement, adding functional space. Its assessed value is modest compared to Fort Richmond overall but aligns with the city median, suggesting it represents a core, no-frills Winnipeg value.
Key Characteristics & Appeal
The primary appeal of this home lies in its simplicity and position as an accessible entry into the established Fort Richmond community. It suits first-time buyers, downsizers, or investors seeking a straightforward, single-level layout with the bonus of a finished basement. Its smaller scale means lower maintenance and utility costs, a practical advantage. A thoughtful perspective is that while the home ranks below area averages for size and lot, its year-built is actually above average for the street, indicating it's among the newer homes in this specific cluster. This, combined with the renovated basement, suggests the fundamentals have been maintained. The value proposition is clear: you are purchasing location and community over square footage, ideal for those who prioritize financial efficiency and a mature neighbourhood over expansive living areas.
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 permitted use with the city and their inspector.
2. Why is the assessed value so much lower than the city-wide average sold price shown?
Manitoba property assessments are typically much lower than market sale prices. The assessed value is for taxation purposes; the "city-wide average" of $390k referenced is for comparable assessed values, not sale prices. Actual market value is determined by recent sales.
3. There's no garage. What are the parking options?
The listing confirms no garage. Buyers should check the driveway capacity and local street parking regulations for any restrictions.
4. The home is below average in size for the area. Will this affect resale?
It likely appeals to a specific market segment (as outlined above). While larger homes may command higher prices, this property's niche is its affordability and lower upkeep, which remain consistent market needs.
5. How can I get the exact historical sale price?
As noted, exact sale prices are not publicly posted in Manitoba. The listing service provides an estimated range and offers to send the exact price via email upon request, which they handle manually.