Property Overview: 31 Prestwood Place, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond is defined by its above-average scale and established neighbourhood setting. Built in 1983, it offers 2,648 sqft of living space, placing it in the top tier of homes locally—significantly larger than both area and city-wide averages. The property sits on a generous 9,426 sqft lot, providing ample outdoor space that is increasingly rare in newer subdivisions. Key features include an attached garage and a basement (not renovated), offering functional space and future potential.
The primary appeal lies in its spaciousness and established location. It suits buyers looking for room to grow without the maintenance of an older character home, or those seeking a value proposition based on usable square footage. It would particularly fit a family needing multiple bedrooms and living areas, or a buyer who prioritizes a large, private yard over a recently built or fully updated interior. A thoughtful perspective is that while the home itself may require modernization, its above-average lot size and living area represent a fixed asset that cannot be replicated in newer, denser developments, offering long-term value in the land itself.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for taxation purposes and is typically lower than market value. The last recorded sale was in 2017, so current market conditions will be the primary driver of price.
2. What does "basement, not renovated" imply?
It indicates the lower level is functional but may have original finishes from the 1980s. Buyers should budget for updates and consider it a blank canvas for future finishing to suit their needs.
3. The home ranks highly for size, but what about its condition?
The listing does not detail the interior condition or updates. Given its age, prospective buyers should anticipate potential updates to key systems like roofing, windows, or HVAC, alongside cosmetic renovations.
4. Is the lot size a significant advantage?
Yes. The lot is in the top 10% for Fort Richmond, offering substantial outdoor space for gardens, play, or expansion. This is a key differentiator from many contemporary homes.
5. What is the neighbourhood like?
Fort Richmond is an established, family-oriented community near the University of Manitoba. It offers mature landscaping, parks, and convenient amenities, appealing to those seeking a settled, convenient suburban lifestyle.