Property Summary: 44 Loyola Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Fort Richmond, built in 1970. Its primary appeal lies in its strong positioning within its immediate neighbourhood. The 1,080 sqft living area is notably above average for Loyola Bay, ranking in the top 13% of similar homes on the street. It sits on a generous 6,617 sqft lot, which is larger than most city-wide comparisons. The basement has been renovated, adding functional living space. While the assessed value is modest compared to the broader Fort Richmond area, this indicates a potentially accessible entry point into a desirable location.
The property would suit first-time buyers or downsizers seeking a manageable, single-level layout in an established community. Its above-average lot size for the city offers room for gardening or outdoor living, a less obvious perk. The data suggests this home represents a "bigger house on a better lot" within its specific street context, offering relative value to those prioritizing space and location over a newer build or high-end finishes.
Frequently Asked Questions
1. What does the assessed value tell me about the property tax?
The assessed value is $36,600. You can estimate property tax by multiplying this by the current municipal tax rate. This value is below the Fort Richmond average, which may result in relatively lower taxes for the area.
2. The home sold in April 2020. What might it be worth now?
The sold price range in 2020 was $235,000-$265,000. Current market value would depend on recent comparable sales, condition updates since purchase, and broader market trends. The exact 2020 price is available upon request.
3. Is the living space sufficient for a family?
At 1,080 sqft on the main floor plus a renovated basement, the home offers functional space. Its layout and the basement's finish will be key factors. It may be best suited for smaller families or those comfortable with compact, efficient living.
4. There's no garage. What are the parking options?
The listing specifies no garage. Parking would typically be via a driveway or on-street. It's advisable to verify the driveway capacity and any street parking regulations with the city.
5. How does the 1970 build year affect the home?
Built in 1970, the home is newer than many on its street (top 9%). While major systems like roof, wiring, and plumbing may have been updated, a thorough inspection is recommended to understand the condition and potential need for updates.