Property Overview: 51 Acadia Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is defined by its generous, above-average lot size of just over 9,000 sqft—a standout feature that places it in the top 10% of properties in the area. The house itself, built in 1970, is of a modest 1,158 sqft with a renovated basement and a detached garage. Its assessed value is consistent with neighbourhood averages.
The primary appeal lies in the land itself. The large lot offers significant outdoor space and potential for expansion, gardening, or recreation, which is increasingly rare. The home suits practical buyers looking for a solid footprint in a well-established neighbourhood, particularly those who value space over square footage. It’s a property where the value is grounded in the land, making it a sensible choice for a long-term holder, a household wanting room to grow outdoors, or an investor who sees the underlying lot value. A less obvious perspective is that, while the living space is below average for the street, it represents an efficient layout on a premium parcel—a trade-off that can be ideal for the right buyer.
Frequently Asked Questions
1. Is the lot size a true advantage for future expansion?
Yes. The lot is significantly larger than most in Fort Richmond, providing clear potential for additions, a garden suite (subject to zoning), or extensive landscaping that wouldn’t be possible on a standard lot.
2. How does the home’s condition compare to others on the street?
The data indicates the home is one of the newer builds on Acadia Bay (top 2% for year built on the street), suggesting it may have newer core components. The basement has been renovated, which is a functional update.
3. What does the sold price history indicate about value?
Recent sales show stable value in line with area averages. The consistency suggests the property is not subject to wild fluctuations and is priced within its market context.
4. Who would this property not suit?
It may not suit buyers seeking a large, modern interior without renovation work, as the living area is below the street average. Those prioritizing immediate move-in-ready spaciousness indoors over outdoor potential might find it limiting.
5. What is the neighbourhood like for amenities and convenience?
Fort Richmond is a mature neighbourhood near the University of Manitoba, offering established parks, schools, and convenient access to retail and services along Pembina Highway.