Property Summary: 47 Tamworth Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home is a classic one-storey bungalow built in 1965, offering a practical and comfortable layout. With 1,304 sqft of living space and a recently renovated basement, it provides functional space for daily living and potential for flexible use. The property stands out on its street, ranking above average for both living area and assessed value among its immediate neighbors. Its lot size of just under 6,000 sqft is generous for the area, offering good outdoor space.
The primary appeal lies in its established, quiet neighborhood and its solid, above-average positioning within a very specific local context. It’s not the newest or largest home in the wider city, but it represents a strong offering on its own street. This home would suit a first-time buyer, a downsizer looking for single-level living, or an investor seeking a property with a renovated basement in a stable area. A thoughtful perspective is that while its city-wide rankings are average, its superior standing on its own block suggests a good degree of pride of ownership and stability in the immediate vicinity, which can be a significant, less tangible value.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean for this home?
The data shows this home performs well compared to its direct neighbors on Tamworth Bay, ranking in the top quarter for size and value. This suggests it's a comparatively strong property on its own street, even if its metrics are more average when viewed across the entire city or Fort Richmond area.
2. Is the basement renovation a full legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation to understand its legal use and potential for rental income.
3. How does the detached garage impact the property?
A detached garage is common for bungalows of this era. It provides good storage or workshop space but requires going outside to access, which is a consideration for our winters compared to an attached garage.
4. The home was built in 1965. What should I be aware of?
While the basement has been renovated, a home of this age will likely have original major systems (like plumbing, electrical, roof) that are at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and timeline for any updates.
5. Why is the assessed value different from recent sold price ranges?
The assessed value (approximately $40k as shown) is for municipal tax purposes and is not a market valuation. The sold price history shows market transactions in a similar range, which is a more accurate reflection of the home's actual market value.