31 Laval Drive

Property Overview

This well-situated Fort Richmond home at 31 Laval Drive is a classic one-storey bungalow built in 1965. Its primary appeal lies in its strong, above-average positioning within its immediate neighbourhood. The home features 1,360 sqft of living space and sits on a generous 6,779 sqft lot, both metrics ranking in the top quarter of similar homes on Laval Drive. A key feature is the renovated basement, adding functional living space. While there is no garage or pool, the property’s assessed value is notably high for the street, suggesting it has been well-maintained or updated relative to its peers.

This home would suit a first-time buyer or downsizer looking for a solid, single-level living option in a mature neighbourhood. It’s particularly appealing for those who value a larger-than-average lot for the area, offering potential for gardening, expansion, or simply more private outdoor space. The renovated basement adds flexibility for a family room, home office, or guest suite. Given its strong standings on its own street, it represents a competitively positioned property within a specific, established community.

Frequently Asked Questions

What does the "above average" ranking for the assessed value on Laval Drive mean?
It means this home’s official assessed value is higher than most of its direct neighbours. This often reflects updates, better condition, or desirable lot features compared to other homes on the same street, which can be a positive signal of its relative worth in the micro-market.

Is the lack of a garage a significant drawback?
That depends on your needs. Many homes in older Winnipeg neighbourhoods lack garages. The large lot does provide ample space for driveway parking and the potential to add a garage or carport in the future, subject to city bylaws.

The home was last sold in 2022. Why might it be back on the market?
While the specific reason isn't listed, a relatively short ownership period is not uncommon. It could be due to a change in job, family circumstances, or a lifestyle adjustment. The recent sale provides a clear, modern price benchmark, which is helpful for valuation.

How does the "renovated basement" affect the living space?
The renovation likely makes the basement area more comfortable and functional as living space, not just storage. However, it's important to clarify the scope and quality of the renovation, including ceiling height, moisture control, and proper egress, to understand its true value and safety.

The home ranks lower for its year built within Fort Richmond. Should I be concerned?
This ranking indicates the home is slightly older than the neighbourhood average. For a 1965 home, this is a minor difference. More important than this broad statistic is the specific condition of major aging components like the roof, windows, and foundation, which should be verified during an inspection.