Property Summary: 625 Townsend Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1957, situated on a generously sized lot in Winnipeg's Fort Richmond neighborhood. Its key appeal lies in its balance of affordability and land value. The living space (896 sqft) is modest and below average for the area, but the property compensates with a larger-than-average citywide lot (6,497 sqft), offering valuable outdoor space and potential. The detached garage and renovated basement add practical utility.
The home suits first-time buyers or investors seeking an entry point into the market with a focus on land value over square footage. It’s also a candidate for those comfortable with a smaller interior footprint who prioritize lower property taxes, as the assessed value is notably below local averages. A thoughtful perspective is that this property represents a "land play" in an established area—the value is disproportionately in the lot, which could appeal to a long-term holder or someone with future expansion in mind, subject to local regulations.
Section 2: Frequently Asked Questions
1. Is the house particularly small compared to neighbors?
Yes. The living area is significantly below average for both Townsend Avenue and the wider Fort Richmond area, ranking in the bottom 10% locally. It is a compact home.
2. Why is the assessed value so much lower than the citywide average sale price shown?
The citywide "average" of $390k listed is for comparable homes based on assessment data, not a direct sale price average. This home's assessed value ($35.40k) is a municipal assessment for tax purposes, not a market price. Market sale prices are separate, as indicated in the sold history section.
3. What is the advantage of the lot size?
At 6,497 sqft, the lot is above the citywide average. This provides more private outdoor space than many city properties and is a key asset, potentially allowing for gardening, recreation, or future projects like a shed or expanded parking.
4. How can I find out what it actually sold for?
Exact sold prices are not publicly displayed in detail here. As noted, you can request the precise sale history by emailing the site administrators, who provide the information manually.
5. The home is older than most on the street. Should I be concerned?
Built in 1957, it is older than many in the immediate area. This typically warrants a close look at the condition of major systems (roof, wiring, plumbing) and the quality of the basement renovation, but it does not necessarily indicate a problem. The renovated basement suggests some updates have been made.