Property Overview: 63 Wadham Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a solid, no-fuss opportunity. Built in 1971, it is actually newer than many of its immediate neighbors on Wadham Bay. The 1,266 sqft living space and 6,819 sqft lot are both comfortably above the Winnipeg city-wide average, offering more room than many comparable properties. A key feature is the renovated basement, adding functional living space, and the home includes an attached garage.
Its primary appeal lies in its consistency and established setting. The property metrics—living area, assessed value, lot size—consistently rank as "around average" to "above average" within its immediate neighborhood and the wider Fort Richmond area. This suggests a home that fits seamlessly into a stable, mature community without extremes. It’s not the largest or newest on the block, but it holds its own reliably.
This property would suit pragmatic buyers looking for a straightforward, move-in-ready home with a renovated basement in a settled neighborhood. It’s ideal for first-time homeowners, small families, or downsizers who value space, a manageable yard, and the convenience of an attached garage without the premium price tag of a newly built or fully custom property. The above-city-average lot size also offers subtle potential for gardening, expansion, or simply more private outdoor space than is typical.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
Across key metrics like living space, lot size, and assessed value, this home consistently performs at or above the average for both its street and the broader Fort Richmond neighborhood. It offers a balanced profile without standing out as exceptionally large or small.
2. What is the significance of the "renovated basement"?
While specific details of the renovation aren't provided, it indicates the lower level has been updated for modern use. This adds valuable, finished living space to the home’s footprint, which is a significant advantage over properties with unfinished or dated basements.
3. The assessed value seems low. Is that accurate?
The assessed value figures shown (e.g., $41.30k) are for municipal tax purposes and represent a fraction of the home’s likely market value. Historical sold price data from 2021 suggests a market value in the mid-$300k range. Always consult a real estate professional for a current market evaluation.
4. What are the benefits of a home built in 1971?
Homes from this era often feature simpler, more robust construction and practical layouts. Being newer than many on its street, it may have had updates over the years that slightly older neighbors have not. It sits in a mature neighborhood with established trees and amenities.
5. How does the lot size compare?
At 6,819 sqft, the lot is notably larger than the Winnipeg city-wide average. This means more yard space for recreation, gardening, or future projects like a deck or shed, which can be a valuable asset not immediately apparent from the home's interior square footage alone.