Property Overview
38 Leeds Avenue is a one-storey home in Winnipeg's Fort Richmond neighbourhood. Built in 1972, it offers 1,090 sqft of living space and sits on a 6,958 sqft lot. Key features include a renovated basement and a detached garage. The home's assessed value is $41,700.
Section 1: Key Characteristics & Appeal
This home presents a practical, grounded opportunity. Its key appeal lies in its efficient, single-level layout combined with a notably generous lot size for the city. While the living area is modest compared to immediate neighbours, the renovated basement adds functional space. The detached garage offers flexibility for parking, storage, or a workshop.
The property would suit first-time buyers or downsizers seeking a manageable footprint without sacrificing outdoor space. It’s also a candidate for value-conscious investors or buyers with a longer-term view, as the large lot and existing renovation work provide a stable foundation. A less obvious perspective is its positioning: while it feels average or slightly below in its immediate area, its lot size is well above the Winnipeg city-wide average, suggesting a relative scarcity of land that could be a quiet advantage in the future.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,090 sqft, the living area is below the average for both Leeds Avenue and the Fort Richmond area, but is close to the average for the entire city. The renovated basement provides additional usable space.
2. What is the significance of the lot size?
The 6,958 sqft lot is a standout feature. It's larger than most lots in Winnipeg, offering more private outdoor space than a typical city property, though it is slightly smaller than the average on its own street.
3. What does the assessed value tell me?
The $41,700 assessed value is around the average for the street, neighbourhood, and city for comparable homes. It is a figure used for calculating property taxes, not a market price, but indicates the home is in line with its peer group.
4. Is the renovated basement a major plus?
Yes. A finished basement immediately adds liveable square footage without increasing the property's footprint, making the overall space more efficient and move-in ready.
5. Where can I find the exact historical sale prices?
The listing service provides estimated sale price ranges from public data. To obtain the precise sale price history, you must request it directly from them via email, which they provide as a manual, no-spam service.