58 Tunis Bay is a well-maintained bi-level home in Winnipeg's Fort Richmond neighbourhood. Built in 1965, it features 949 sqft of living space and a renovated basement. The property sits on a 6,395 sqft lot and does not include a garage or pool.
This home’s primary appeal lies in its value proposition and established location. With a consistently below-average assessed value for its immediate area and street, it presents a notably affordable entry point into the Fort Richmond community. The renovated basement adds functional living space, a key update for a home of this vintage.
Its appeal is grounded and practical. It suits first-time buyers seeking a lower financial barrier to entry, or investors looking for a straightforward rental property in a stable neighbourhood. The lot size is a standout feature—while average for Fort Richmond, it is above average citywide, offering good outdoor space for its price point. It’s a home for those who prioritize location and lot size over square footage, and who see the value in a property that is priced modestly relative to its surroundings.
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How does the home’s size compare to others?
The living area is below average for homes on Tunis Bay, in Fort Richmond, and across Winnipeg. Buyers should be comfortable with a more compact footprint, balanced by the benefits of the lot and location.
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Why is the assessed value lower than neighbouring homes?
Its assessed value ranks in the bottom 3% on its own street. This can be due to a combination of its smaller size, older features (aside from the basement), and the specific market valuations of similar homes in the immediate vicinity.
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What does the sold price history indicate?
The home has sold twice in recent years (2019 and 2024). The price range in 2024 was notably higher than in 2019, suggesting appreciation, but remained in a lower price tier compared to many area sales, consistent with its assessment.
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Is the lack of a garage a major concern?
This is a common feature for many homes of this era in the area. Buyers should factor in street parking or the potential cost of adding a garage or carport in the future.
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What are the less obvious points to consider?
Two factors stand out: First, the year built is around the city average, suggesting major systems may be due for updates. Second, while the lot is generous, the home’s footprint on it is modest, which could be seen as either a limitation or an opportunity for future expansion, subject to zoning.