Property Summary: 612 Pasadena Avenue, Fort Richmond, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1956, situated on a notably generous lot in the Fort Richmond neighborhood. Its key appeal lies in the significant land size (over 7,500 sq ft), which is well above average for both the area and the city, offering substantial outdoor space and future potential. The home itself is modest at 950 sq ft of living area and features a renovated basement. Its assessed value is relatively low for the immediate area, suggesting a more accessible price point.
The property would suit a practical, value-oriented buyer. This includes first-time purchasers or downsizers seeking a manageable footprint with the bonus of a large yard for gardening, pets, or family play. It’s also a logical candidate for a long-term investor or renovator who sees the underlying value in the land and is prepared to update or expand the existing structure over time. The appeal is less about move-in-ready luxury and more about securing a solid foundation—both literally and figuratively—in a well-established community.
Frequently Asked Questions
Q: How does the home’s size compare to others?
A: The living space is below average for the street, neighborhood, and city. This is a smaller, character home, with the square footage primarily on one level plus the renovated basement.
Q: Why is the assessed value lower than many neighbors?
A: The assessed value is below average for Fort Richmond and Pasadena Avenue, likely reflecting the home’s smaller size and older construction date compared to nearby properties. City-wide, however, its assessment is around the middle, indicating its value is more typical when viewed across all of Winnipeg.
Q: What are the advantages of such a large lot?
A: The lot is a standout feature, offering ample space for additions, landscaping, outdoor living, or storage. It provides a sense of privacy and room to grow that is uncommon in many newer subdivisions.
Q: What does the sold price history indicate?
A: The home sold in mid-2021 for a price range consistent with its current assessed value. This recent sale provides a concrete, modern benchmark for the property’s market value.
Q: Who should consider requesting the exact sold price?
A: Serious buyers or investors conducting detailed financial planning for an offer or renovation budget would benefit from the precise figure. The provided range gives a reliable estimate, but the exact price helps for precise calculations.