Property Overview: 42 Laval Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and straightforward property built in 1965. Its key features include a renovated basement, a detached garage, and a living area of 1,047 sqft situated on a 6,158 sqft lot. The home’s recent sale in late 2024 suggests it is move-in ready.
The primary appeal lies in its value and location. The assessed value is consistent with the local area, offering an affordable entry point into the established Fort Richmond neighbourhood. The lot size is notably above average city-wide, providing good outdoor space—a relative rarity for the price point. The renovated basement adds functional living space.
This property would best suit first-time buyers, downsizers, or practical investors seeking a low-maintenance, single-level layout. It’s for those who prioritize lot size and neighbourhood stability over a large interior footprint or modern architectural style. A thoughtful perspective is that while the home is smaller than many on its street, its lot offers potential for future expansion or gardening, balancing the compact living area.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others in the area?
At 1,047 sqft, the living area is below the average for both Laval Drive and the broader Fort Richmond neighbourhood. This indicates a more compact, efficient layout compared to many nearby homes.
2. What does the assessed value tell me?
The assessed value of $39,600k is around the average for the immediate street and area. This suggests the property is priced in line with local market norms, not over- or under-valued based on municipal assessment.
3. Is the lot a good size?
Yes. The 6,158 sqft lot is a standout feature, ranking in the top 28% city-wide for size. It is larger than the typical Winnipeg lot, offering more private outdoor space than you might expect for the home’s price and style.
4. The home was built in 1965. What should I consider?
As a home from the mid-60s, prospective buyers should prioritize a thorough inspection of foundational, electrical, and plumbing systems. While the basement has been renovated, the core structure and major systems are original and should be evaluated for modern standards and remaining lifespan.
5. Who are the likely neighbours?
The immediate neighbours on Laval Drive are primarily owners of similar one-storey homes from the same era. The consistent year-built data and stable assessed values point to a long-established, stable community, likely with a mix of long-term residents and newer owners.