Property Overview: 30 Michigan Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond offers a practical and spacious family layout with nearly 2,000 sqft of living space. Its key feature is a renovated basement, adding valuable finished square footage. The home sits on a standard-sized lot for the area and includes an attached garage. Built in 1975, it is a well-established property in a mature neighbourhood.
The primary appeal lies in its above-average size and updated condition relative to many Winnipeg homes, offering move-in readiness. The data suggests it represents solid value within its immediate area, while standing out as a larger, more valuable property when compared to the broader Fort Richmond neighbourhood and the city as a whole. It last sold in late 2023, indicating a recent market transaction.
This property would suit buyers looking for a turnkey family home in a settled community without the premium of a new build. It’s ideal for those who prioritize interior space and a modernized lower level over a large yard or a brand-new construction. The numbers indicate it’s a home that performs well on a neighbourhood and city-wide scale, appealing to a value-conscious buyer who wants more house for their budget.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare?
At 1,976 sqft, this home is larger than approximately 90% of properties in Fort Richmond and 89% of homes city-wide, making it a notably spacious offering for the area.
2. What does the assessed value indicate?
The $520k assessment is above average for both Fort Richmond (top 10%) and Winnipeg (top 17%). On its own street, however, it ranks closer to the average, suggesting it fits comfortably within the context of its direct surroundings.
3. The home sold recently in late 2023. What does that mean?
The recent sale provides a clear, current benchmark for its market value. This transparency is an advantage, as you can research the market’s performance since that date to gauge current conditions.
4. Is the 1975 build date a concern?
The year built is typical for the street and neighbourhood. While core systems are original, the renovated basement shows an investment in updating. A thorough inspection is always recommended for homes of this era.
5. How does the lot size impact the property?
The 6,601 sqft lot is very standard for the street and Fort Richmond. It provides adequate outdoor space but is not an exceptionally large yard. The value here is focused on the interior living space.