Property Overview: 39 Mcmasters Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and straightforward property built in 1965. With 1,186 sqft of living space and a renovated basement, it offers functional living on a decent 6,048 sqft lot. The home lacks a garage or pool, positioning it as a no-frills, value-oriented option.
Its primary appeal lies in its relative affordability and established neighbourhood. The assessed value is notably below average for its immediate street and Fort Richmond area, suggesting a potentially accessible entry point into this part of the city. Interestingly, while the lot size is smaller than many in Fort Richmond, it is above average compared to the entire city, offering a good balance of yard space without excessive maintenance. The renovated basement adds valuable finished living area.
This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance, single-level home in a mature neighbourhood. It’s for those who prioritize location and practicality over modern luxury or extensive square footage, and who see potential in a home that may offer value relative to its immediate peers.
Section 2: Frequently Asked Questions
1. What is the exact recent sold price?
The available public data shows a sold price range of $325k-$355k for June 2020. For the precise figure, you can request it via email from the listing source, which provides this detail manually.
2. How does this home compare to others on the street?
The data indicates it has a smaller living area and lot size than the average home on Mcmasters Road, and a lower assessed value. However, it is one of the older homes on the street, which can sometimes mean a more established streetscape or larger mature trees.
3. Is the assessed value a reliable indicator of market price?
Not directly. The assessed value of approximately $387k is for municipal tax purposes. The fact that it ranks "below average" for the area suggests it may be priced lower than many neighbours, but the actual market price is determined by current buyer demand and the home's condition.
4. What are the implications of not having a garage?
This means relying on street parking or adding a driveway/parking pad, which is a consideration for Winnipeg winters. For some buyers, this trade-off contributes to the home's affordability and reduces maintenance.
5. The home is described as having a "renovated basement." What should I verify?
It's important to confirm the scope, quality, and permits for the renovation. Also, check for any moisture issues common in basements of this era, as the renovation could conceal underlying concerns.