Property Overview: 59 Tamworth Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home, built in 1965, presents a compelling opportunity defined by its generous lot and solid foundation. The 1,204 sqft one-storey house sits on an exceptionally large, approximately 11,900 sqft lot, which ranks in the top 5% for size both in the neighbourhood and city-wide. This expansive outdoor space is the property's most distinctive asset, offering rare potential for gardening, expansion, or recreation in a mature setting.
Its appeal lies in this land value and the home's established, no-fuss character. The basement has been renovated, adding functional living space, and the property includes a detached garage. While the living area is average for its immediate street and area, the home’s assessed value is strong relative to its Tamworth Bay peers, suggesting it is well-regarded in its micro-market.
This property would best suit a practical buyer who values space and potential over turn-key finishes. It’s ideal for someone with a vision for landscaping or future home improvements, or for a household seeking a manageable single-level layout with ample private outdoor space—a rarity in today’s market. It represents a classic Winnipeg proposition: investing in the land with a liveable house included.
Section 2: Frequently Asked Questions
1. What is the most notable feature of this property?
The lot size is its standout feature. At nearly 12,000 sqft, it is significantly larger than most properties in Fort Richmond and across Winnipeg, offering exceptional outdoor space and potential.
2. Is the house dated, given it was built in 1965?
The home is from a mature, established period for the neighbourhood. While the core structure is from 1965, the renovated basement indicates some updates. Buyers should budget for modernizations consistent with a home of this age, but the lot and location offer a strong counterbalance to any interior updates needed.
3. Who would this home not be suitable for?
It may not suit buyers seeking a modern, low-maintenance property or those who prioritize a large, updated interior living space over expansive outdoor land. The one-storey layout with a detached garage also may not appeal to those wanting integrated, attached parking.
4. How does its value compare to nearby homes?
The assessed value is above average for Tamworth Bay itself (top 6%), indicating it is a higher-valued home on its specific street. It is around average compared to the broader Fort Richmond area and city-wide, suggesting the price reflects the desirable lot size within a stable market context.
5. What is the neighbourhood like?
Fort Richmond is a mature, established neighbourhood in Winnipeg, often associated with family living and convenience due to its proximity to the University of Manitoba, major routes, and amenities. Tamworth Bay is a quiet residential street within this area.