Property Overview: 39 Loyola Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 804 sqft bi-level home, built in 1969, presents a practical and value-oriented opportunity in Winnipeg's Fort Richmond neighborhood. Its primary appeal lies in a combination of a generous, above-average 7,550 sqft lot and a recently renovated basement, offering immediate livable space and future potential. While the living area is modest compared to area averages, this translates to lower maintenance and utility costs, a key consideration for budget-conscious buyers.
The property suits first-time homebuyers seeking an affordable entry into homeownership with a manageable footprint, or investors looking for a solid rental property in a established area. Its standout lot size is a significant asset, providing ample outdoor space for gardening, recreation, or future expansion—a feature becoming rarer in many city neighborhoods. The home’s assessed value positions it as a sensible, mid-range option on its street and city-wide, suggesting it is priced without the premium of a highly updated interior, allowing new owners to add value on their own terms.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 804 sqft of living space, this home is notably more compact than the Fort Richmond average (1,421 sqft). This makes it one of the smaller homes in the neighborhood, which is a key factor in its accessible price point.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope and quality of finishes are not detailed. This is a key point for a viewing, to assess the condition, layout, and whether it meets your needs for additional living, recreational, or rental space.
3. Is the large lot a benefit for future expansion?
The 7,550 sqft lot is significantly larger than average for Winnipeg. This not only provides excellent private outdoor space but also creates a tangible opportunity for future additions like a garage, workshop, or home extension, subject to local zoning bylaws.
4. There is no garage. What are the parking options?
The listing specifies no garage. Parking would be limited to driveway space (if present) and on-street. Confirming the driveway situation and local street parking regulations would be an important step.
5. The home was last sold in 2022. Why is it back on the market so soon?
The property sold in August 2022. While the specific reason isn't provided, such a quick turnaround can sometimes indicate an investor flipping the property, a change in the owner's personal circumstances, or potentially issues discovered after purchase. A thorough inspection and title review are advised.