Property Overview: 650 Pasadena Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond is defined by its exceptional lot size. At over 10,500 square feet, the land area ranks in the top 5% citywide and the top 4% on its own street, offering a rare level of outdoor space and potential in a mature neighbourhood. The 1,396 sqft living area is above average for the immediate area, and the home features a renovated basement and a detached garage.
The primary appeal lies in this unique combination of a spacious, usable lot with a solidly sized and updated home. It suits buyers looking for a long-term family home with ample room for gardens, play, or future additions, as well as those who value the established character and quiet streets of Fort Richmond. A thoughtful perspective is that while the home itself was built in 1963, its lot size is a non-replicable asset in today’s market, offering a value proposition based more on land than on the building’s age. It’s an ideal fit for buyers whose vision extends beyond the house’s footprint to the property’s overall potential.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for taxation purposes. The recent sold price history (shown as a range) and current market conditions are more direct indicators of fair market value.
2. What are the advantages of a larger, older lot like this?
Beyond privacy and space, it provides flexibility for landscaping, recreational features like a sport court or large patio, and potential for legal suites or additions where zoning allows. It also often means mature trees and established greenery.
3. Are there any concerns with a home from the 1960s?
While the basement has been renovated, a buyer should still consider the age of major systems like plumbing, electrical, and the roof. A thorough inspection is recommended to understand the condition and any needed updates.
4. What is the neighbourhood like for families?
Fort Richmond is a mature, stable community close to the University of Manitoba, offering a mix of residential streets, schools, and amenities. Its appeal is often its quiet, settled atmosphere.
5. How can I find out the exact past sale prices?
Exact sold prices are not publicly posted in Manitoba. As noted on the detail page, you can request this information directly from the site via email; they provide it manually without using your email for marketing.