55 Mount Allison Bay

Property Overview

This single-storey home at 55 Mount Allison Bay in Fort Richmond presents a well-maintained and efficiently sized option in a mature Winnipeg neighbourhood. Its appeal lies in its above-average condition relative to its immediate street, offering a renovated basement and a generous, detached garage on a large lot. The data suggests a home that has been cared for, standing out among its closest neighbours for its living space, assessed value, and notably, its year of construction—it is the newest home on its block. It would suit first-time buyers seeking a move-in-ready starter home, downsizers looking for single-level living without compromising on lot size, or value-focused investors attracted by its strong fundamentals on a quiet street.

Key Details & FAQs

Key Characteristics:

• Structure: A one-storey house with a renovated basement and a detached garage.
• Space: At 1,097 sqft of living area, it is notably larger than other homes on Mount Allison Bay. The lot is a substantial 6,491 sqft, offering ample outdoor space.
• Value & History: With an assessed value of $39,800, it ranks above average for its street. It last sold in late 2022. A key, less obvious point is its 1972 build date, making it the newest house among the 39 comparable properties on its street—a sign of potentially newer core components compared to neighbours.
• Ideal Buyer: This property is a strong match for pragmatic buyers who prioritize a home's condition and lot size over sheer square footage. It offers the space and practicality for a small family or couple, with the low-maintenance appeal of single-level living. Its above-street-average rankings indicate it's a standout property on its block, not just another comparable listing.

Frequently Asked Questions:

1. How does this home compare to others in the area?
The home ranks above average for living space, assessed value, and year built when compared specifically to its 39 neighbours on Mount Allison Bay. Compared to the wider Fort Richmond area and Winnipeg city-wide, it sits comfortably around average for most metrics, indicating it's a solid, representative property for the broader market.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point to clarify with the seller or listing agent to understand the finish quality, room layouts, and whether any mechanical updates were included.

3. Is the detached garage heated or insulated?
This detail is not provided in the available data. Given the Winnipeg climate, this is an important practical consideration for car maintenance and potential workshop use.

4. Why is the assessed value noticeably different from the recent sold price?
The assessed value of $39,800 is for municipal tax purposes. The home sold in late 2022 for an estimated range of $39,500–$42,500. Market value can differ from assessed value based on current market conditions, specific home features, and recent upgrades.

5. The lot is large—are there any restrictions on its use?
With a lot size over 6,400 sqft, there is potential for gardening, expansion, or adding outdoor structures. It's essential to verify with the city if there are any easements, restrictive covenants, or zoning bylaws that could affect building a secondary structure, like a shed or garage addition.