Property Overview: 55 Morningside Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond offers a practical and comfortable living space. With 1,573 sqft of living area, it sits above the city-wide average, providing ample room. A key feature is its renovated basement, adding valuable finished space. The attached garage and a generous, above-average city-wide lot of 6,921 sqft complete the package.
The home’s primary appeal lies in its established, quiet neighbourhood and its strong positional value. Built in 1976, it is newer than many homes in both its immediate area and across Winnipeg, suggesting potentially fewer concerns with aging core components. The data indicates it consistently performs "above average" against broader local and city-wide comparisons for size, lot, and assessed value, meaning it represents a solid, middle-ground investment in a desirable area. It’s not the largest or newest on its street, but it holds its own with a balanced profile.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout without sacrificing yard space. It’s also a sensible fit for value-conscious buyers who appreciate a home that has already seen key updates, like the basement renovation, and who prioritize a stable investment in a mature neighbourhood over a brand-new build.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home last sold in September 2020. While exact prices are privately held, the data shows that sale was in the top tier (94th percentile) for its street at the time, indicating it was a premium purchase within the immediate area then.
2. What does the assessed value tell me?
The current assessed value of $48.10k is above average for both Fort Richmond and Winnipeg overall. This typically reflects the city’s opinion of its fair market value relative to similar properties, often used for property tax calculation.
3. Is the lot size a significant advantage?
Yes. The lot is over 6,900 sqft, which is above the Winnipeg average. This offers more private outdoor space than many city homes, providing room for gardening, play, or expansion, which is a growing priority for many buyers.
4. As a home from 1976, what should I consider?
While newer than the city median, a 50-year-old home will have aging elements. The renovated basement is a plus, but a thorough inspection of major systems (roof, plumbing, electrical, foundation) is essential. Its "above average" age ranking for the neighbourhood is a positive sign.
5. Who are the most likely competing buyers?
Given its single-storey layout and neighbourhood, likely competition comes from empty-nesters downsizing from larger homes and first-time buyers looking for a move-in-ready starter home with a good yard. Its balanced metrics make it a target for practical, data-aware buyers.