Property Overview: 512 Allegheny Drive, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 1981 bi-level home at 512 Allegheny Drive is a compact, efficiently sized property in Winnipeg's Fort Richmond neighbourhood. With 844 square feet of living space and a renovated basement, it offers a practical layout for downsizers, first-time buyers, or investors. Its assessed value is notably modest compared to city-wide averages, positioning it as an accessible entry point into the market.
The home’s primary appeal lies in its recent sale history, suggesting a turn-key condition, and its location on a quiet, established street. While the living space and lot size are below average for the broader area, they are more typical for this specific street, indicating a consistent, low-density character. This property would best suit a buyer looking for minimal upkeep, a tight budget, or a strategic rental investment, rather than someone seeking ample room for growth or extensive outdoor space. A thoughtful perspective is that its "below average" size and value for Fort Richmond might actually be a benefit, offering lower property taxes and less maintenance while still providing access to the neighbourhood's amenities and community feel.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 844 sqft, the living area is below the average for both Fort Richmond and Winnipeg overall. However, on its own street (Allegheny Drive), it ranks 5th out of 6 homes, making it one of the smaller homes in that immediate group but not an outlier.
2. Is the assessed value a reliable indicator of the sale price?
The home is assessed at $36,100. It last sold in July 2023 for between $36,500 and $39,500, indicating its assessed value is closely aligned with recent market activity. This suggests stable, predictable valuation in this segment.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. Prospective buyers should inquire about the nature of the renovations, whether it includes a legal suite, and if permits were obtained to understand the full value and legality of the updates.
4. With no garage, what are the parking options?
The property has no garage. Parking would be limited to driveway space (if present) or on-street. Given the lot size is under 3,000 sqft, driveway space may be limited, so verifying parking arrangements is recommended.
5. The home was built in 1981. What should I be aware of?
Built 45 years ago, this is a newer home compared to many in Winnipeg. However, key systems like the roof, windows, plumbing, and electrical may be nearing or due for updates or replacement. A thorough inspection is advised to gauge the remaining lifespan of these major components.