Property Overview: 34 Leeds Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fort Richmond presents a compelling blend of space, location, and value. Its nearly 2,000 sqft of living area is a standout feature, placing it in the top 2% of homes on Leeds Avenue and the top 10-11% within the wider area and city. This generous interior space is complemented by a renovated basement, adding functional living area, and an attached garage. The lot size of over 7,100 sqft is notably above the Winnipeg average, offering substantial outdoor space.
The appeal lies in its strong positional metrics. It offers significantly more house than most comparable properties in its immediate vicinity, suggesting a premium offering on its street. While the home itself is from the early 1970s, its assessed value ranks consistently above average, indicating it is well-maintained and perceived as a solid asset. This property would ideally suit growing families or buyers seeking above-average interior and exterior space without venturing into brand-new, premium-priced subdivisions. It’s a home for those who value room to grow and a established neighbourhood, and who recognize the value in a renovated basement and a larger-than-standard lot.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
Very favorably. With 1,997 sqft, this home is larger than approximately 98% of other homes on Leeds Avenue and about 90% of homes in the broader Fort Richmond area.
2. What is the significance of the lot size?
At 7,161 sqft, the lot is larger than about 84% of residential lots across Winnipeg, providing ample yard space that is increasingly rare in many city neighbourhoods.
3. The home was built in 1972. What should I consider?
The year is typical for the street and area. The key points of investigation would be the age and condition of major systems (roof, windows, HVAC) and the scope/quality of the basement renovation, as these factors greatly influence modern comfort and maintenance.
4. The assessed value seems high for the street. Is that good?
A higher assessed value relative to neighbours often reflects desirable improvements, above-average condition, or advantageous lot features. It suggests the property has been maintained or upgraded in ways that official assessments recognize as adding value.
5. What can the past sale price tell me?
The sold price range from late 2022 provides a recent market benchmark. Comparing this to the current assessed value and any new listing price can help gauge market trends and the property’s potential appreciation in the context of local sales.