Property Overview
This two-storey home at 55 Newcastle Road in Fort Richmond offers a practical and well-positioned living option. Its key appeal lies in a balance of above-average interior space and a solid, established neighborhood feel. With 1,530 square feet of living area, the home provides more room than many comparable properties on its street, in the area, and across Winnipeg. The basement has been renovated, adding functional space, and the property includes an attached garage. Built in 1973, it is notably one of the newer homes on Newcastle Road itself. The lot size, while smaller than others on the same street, is still above average when compared city-wide.
The home would suit first-time buyers or growing families looking for move-in-ready space without the premium of a brand-new build. Its consistent, mid-range assessed value history suggests a stable, predictable investment rather than a speculative one. A thoughtful buyer might appreciate that its "above average" space rankings could offer better day-to-day livability per dollar than newer, tighter floor plans, while the established neighborhood often means mature trees and settled community dynamics.
Frequently Asked Questions
How does the living space truly compare?
At 1,530 sqft, the living area ranks in the top 21% on its own street and top 29% city-wide, meaning it offers more interior space than a clear majority of direct comparable homes.
What is the significance of the lot size ranking?
The lot is 6,697 sqft. It ranks below average (79th percentile) compared to other homes on Newcastle Road, which tend to have larger lots. However, it still ranks in the top 20% city-wide, indicating it is a generously sized lot by Winnipeg standards.
What does the sold price history indicate?
The public data shows sales in 2021 and 2017, with prices consistently placing in the middle tiers (33rd to 68th percentiles) against comparables. This suggests a history of stable, market-consistent valuation without extreme fluctuations.
The home was built in 1973. Is that a concern?
On Newcastle Road, a 1973 build date ranks in the elite top 3%, making it one of the newest homes on the street. This can be an advantage, potentially meaning updates to core systems have already been addressed or are closer to modern standards than older neighbors.
How accurate is the assessed value as a price indicator?
The current assessed value of $42.90k is consistently around the average (40th-41st percentile) for Fort Richmond and its immediate street. It serves as a stable baseline, but the final sale price is always determined by the current market.