Property Overview: 43 Mcmasters Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a study in solid, understated value. Built in 1966, its key appeal lies in a recently renovated basement, adding modern livable space to a well-established footprint. With 1,317 sqft of living area and a 6,635 sqft lot, the property sits comfortably around the average for its immediate street and neighborhood, offering a manageable scale for maintenance.
The standout characteristic is its financial profile. The home’s assessed value ranks significantly above average for Mcmasters Road itself (top 8%), suggesting it is viewed as a premium property on its block, likely due to the basement renovation and overall condition. This creates an interesting dynamic: a home that feels familiar and proportionate in its community but carries a strong valuation foundation. The lot size is also notably above the city-wide average (top 20%), offering more outdoor space than many Winnipeg properties.
This home would suit practical buyers looking for a move-in-ready, single-level living option in a mature neighborhood. It’s ideal for those who appreciate updated interiors (the basement) without needing a brand-new build, and for buyers who recognize the value in a property that outperforms its immediate peers on key financial metrics. It’s a home for someone who wants space without excessive size, and updates without the premium of a full rebuild.
Section 2: Frequently Asked Questions
Q: How does the assessed value compare to recent sale prices on the street?
A: The assessed value of $43.40k ranks in the top 8% on Mcmasters Road. For reference, a nearby, slightly larger home at 63 Mcmasters Road sold in 2020 for between $35.50k and $38.50k and currently holds a higher assessed value ($45.80k). This indicates a trend of strong valuations for well-maintained homes on the street.
Q: Is the lot size a significant feature?
A: Yes, particularly from a city-wide perspective. At 6,635 sqft, the lot ranks above average compared to all Winnipeg properties (top 20%), offering more private outdoor space than many homes. On Mcmasters Road itself, it is average.
Q: What does the "renovated basement" likely mean for this 1960s home?
A: While specifics aren't listed, a renovated basement in a home of this era typically adds crucial modern living space, such as a family room, additional bedroom, or updated bathroom. It significantly enhances the functional square footage without altering the original character of the one-storey layout.
Q: The home is older than many in Fort Richmond. Is that a concern?
A: The year built (1966) is newer than most on its specific street (top 6%) but older than the broader Fort Richmond average. This suggests the immediate block is an established, mature part of the neighborhood. The recent basement renovation helps mitigate concerns about outdated systems or finishes.
Q: There is no garage. How does this impact value and lifestyle?
A: The lack of a garage is common for many one-storey homes of this vintage. It simplifies the structure and reduces maintenance but requires alternative planning for vehicle storage and storage space. The above-average lot size may offer potential for adding a garage or shed, subject to local bylaws.