Property Overview: 3 Tunis Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1965, offers a practical and spacious layout in the established Fort Richmond neighbourhood. With 1,857 sqft of living space, it sits above the average for both the area and the city, providing ample room for a family. The home features a renovated basement and a detached garage on a 6,596 sqft lot, which is notably larger than the city-wide average, offering good outdoor potential.
Its primary appeal lies in its solid, above-average footprint and lot size within a mature community. The recent basement renovation adds immediate functional value. The property’s assessed value is positioned around the neighbourhood average, suggesting it is priced in line with local expectations without significant premium or discount.
This home would best suit buyers looking for a character home with generous interior and yard space, who are comfortable with a property of this vintage. It’s a strong fit for a growing family seeking established streets and more square footage than many newer builds offer, or for a buyer who values the potential of a larger lot for gardening, expansion, or outdoor living.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,857 sqft, the living area is larger than approximately 85% of homes in Fort Richmond and 85% of homes city-wide, making it a notably spacious property for its location.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is a municipal tax valuation. While it often correlates with market value, recent sale prices on the street (ranging from ~$475k in 2022 to ~$355k in 2017) are more direct indicators of market trends. This home’s assessment is around the neighbourhood average.
3. What should I consider with a home built in 1965?
While the basement has been renovated, a home of this age will have original major systems (like plumbing, electrical, roof, and windows) that may be nearing or past their typical lifespan. A thorough inspection is essential to understand the condition and any upcoming capital costs.
4. What are the advantages of a larger, older lot like this?
The 6,596 sqft lot is over 20% larger than the Winnipeg average. This provides more privacy, space for additions like a deck or shed, and greater landscaping possibilities compared to newer subdivisions. It may also offer better stormwater management and mature trees.
5. What is the neighbourhood context of Tunis Bay?
The street itself consists of homes of a similar era and value. Recent sales on the block show a significant jump between 2017 and 2022, reflecting broader market increases. The home’s metrics are generally "around average" for its immediate street, indicating it fits comfortably within the existing streetscape without being an outlier.