Property Overview
This 4-level split home at 60 Wadham Bay in Fort Richmond presents a compelling opportunity in a well-established Winnipeg neighbourhood. Built in 1972, it sits on a spacious 6,832 sqft lot and features 1,803 sqft of living space, which is notably larger than most comparable homes in the immediate area and across the city. The home includes a renovated basement and a detached garage. Its assessed value positions it among the higher-tier properties on its street. Recent sales data indicates it last sold in July 2020.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average size and its strong standing within a specific, desirable location. With living space ranking in the top 3% on its own street and top 16% in Fort Richmond, it offers more room than most peers—a significant advantage for growing families or those wanting flexible space. The renovated basement adds modern, functional living area. Its elite assessed value ranking on Wadham Bay suggests it is perceived as a premium property within a micro-market of similar homes, which can be a marker of stability or future demand.
This home would suit buyers looking for a established neighbourhood character with more interior space than is typical. It’s ideal for those who value a large lot for privacy or outdoor activities and don’t mind the maintenance that comes with a detached garage and a home from the 1970s. A thoughtful perspective is that while the home excels in size and value metrics on its street, its year-built and land size are more average for the broader area, indicating you’re buying into a mature streetscape rather than a newer subdivision. It suits a practical buyer who wants room to grow and values a home that already stands out in its immediate community for its substance.
Frequently Asked Questions
1. What does the "Top 3%" ranking for living area actually mean?
It means that compared to the 39 specific properties used for comparison on Wadham Bay, this home has more living space than 97% of them. It's a measure of how this specific attribute compares in a very localized context.
2. The assessed value seems low (e.g., $46.20k). Is that the property tax value?
Yes, that figure is the assessed value for taxation purposes, not the market value or sale price. Market value is typically much higher, as hinted at by the nearby "Similar assessed value" listings and past sold price ranges.
3. What are the considerations with a 4-level split built in 1972?
This popular layout offers good separation of living spaces but often involves multiple staircases. A home from this era may have original components (like windows, roof, or major systems) that are nearing or due for updates, so a thorough inspection is advised.
4. How current is the sold price history shown?
The last recorded sale was in July 2020. The price range shown is an estimate based on public data. For the exact historical sold price, you must request it directly via the provided email service.
5. The lot is large, but ranked "around average" for the street. Why?
This indicates that while the 6,832 sqft lot is a great size city-wide, it is actually quite typical for Wadham Bay itself. This suggests the street is consistently comprised of homes on generous, similarly-sized lots, contributing to a uniform neighbourhood feel.