Property Overview: 50 Mcmasters Road, Fort Richmond
Key Characteristics & Appeal
This is a well-situated, 60-year-old bi-level home in Fort Richmond. With 1,078 sqft of living space, it is notably compact for its immediate street but sits around the Winnipeg average, offering a manageable footprint. Its key appeal lies in its balance: a recently renovated basement adds modern living space, while the detached garage and above-average city-wide lot size (6,724 sqft) provide valuable outdoor and storage flexibility not always found in homes of this era.
The home’s assessed value is consistent with its neighbourhood and street, indicating it is fairly positioned in the market. It suits practical buyers looking for a solid starter home or a downsizing opportunity in a mature area. The appeal is less about grandeur and more about fundamentals—a renovated space on a good lot, without the premium price tag of a larger or newer build. It’s a property for those who value outdoor space and a detached garage over sheer square footage, and who are comfortable with the maintenance considerations of a home from the 1960s.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,078 sqft, this home is below the average for both Mcmasters Road and the wider Fort Richmond area. This makes it one of the more compact options locally, which can mean lower utility costs and less maintenance, but may require efficient use of space.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $391,000 is around the average for the street, neighbourhood, and city. It serves as a useful baseline, but market conditions, the home’s specific condition, and the renovated basement will ultimately determine the final sale price.
3. What are the implications of the home being built in 1966?
As one of the older homes on its street, potential buyers should prioritize a thorough inspection. While the basement has been updated, core systems like plumbing, electrical, and the roof may be at or beyond their typical service life and should be carefully evaluated.
4. How does the lot size benefit a buyer?
The lot is over 6,700 sqft, which is above the Winnipeg average. This provides ample yard space for gardening, recreation, or future additions like a shed or deck—a significant advantage for a home with modest interior square footage.
5. Who are the most likely buyers for this property?
This home is ideally suited for first-time buyers or empty-nesters seeking a manageable property with a good lot and modernized living space in a settled neighbourhood. Its scale and value proposition are less aligned with buyers looking for a large, turn-key family home.