Property Overview: 35 Loyola Bay, Fort Richmond, Winnipeg
Key Characteristics & Buyer Profile
This 1970 bi-level home at 35 Loyola Bay presents a specific and compelling value proposition centered on land and location. Its key characteristic is an exceptionally large lot of over 11,600 sq ft, which ranks in the top 6% of properties in Fort Richmond and the top 4% citywide. This offers rare potential for expansion, gardening, or outdoor recreation within the city. The home itself is modest in size at 946 sq ft of living area, featuring a renovated basement and an attached garage. Its assessed value is notably manageable compared to city averages.
The appeal lies in this balance of a lower-maintenance, updated interior paired with a substantial and private outdoor canvas. It suits practical first-time buyers or downsizers who want to minimize living space upkeep without sacrificing yard space. It’s also a strategic fit for a long-term investor or a buyer with future renovation plans, where the significant land asset provides room to grow or add value over time. The location on a quiet bay in Fort Richmond offers neighborhood stability and a sense of space that is increasingly hard to find.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 946 sq ft, the living area is slightly below the average for Fort Richmond. This indicates a more compact and efficient layout, which can mean lower utility costs and less interior maintenance.
2. What does the "Elite" ranking for land area actually mean?
This statistic means the property's lot size is larger than approximately 96% of all residential properties in Winnipeg. It is a standout feature that offers privacy and potential not found in typical city lots.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $37,700 is for municipal tax purposes. While it provides a benchmark, the final sale price is determined by the market. The last known sale was in July 2021 for between $35,500 and $38,500.
4. What are the implications of the home being built in 1970?
Built in 1970, the home is newer than many on its immediate street. While major systems like roof, windows, and furnace may have been updated, their age and condition should be verified as part of a standard inspection.
5. How can I find out the exact historical sale prices?
The exact sold prices are not published in the public record. You can request this detailed history directly via the provided email form on the listing page. The service is manual but provided without obligation.