Property Overview: 654 Pasadena Avenue, Fort Richmond
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a compelling opportunity centered on its land. Built in 1964, the 1,176 sqft house is functionally average for the area in terms of living space and assessed value. Its primary distinction is the exceptionally large, 10,582 sqft lot, which ranks in the top 5% citywide and top 2% on its own street. This offers rare potential for expansion, gardening, or outdoor living in a mature neighborhood. The home features a renovated basement and a detached garage.
The appeal lies in this land-to-improvement ratio. It suits a buyer who sees value in the property's future potential rather than its current state. This could be a renovator looking to significantly expand the existing footprint, a family desiring a huge private yard, or a long-term investor valuing the underlying land asset in a well-established area. It’s a property where the true value may not be in the house as it stands, but in the possibilities the lot affords.
Section 2: Frequently Asked Questions
1. Is the house in move-in condition?
While the basement has been renovated, the main level of the 1964 home likely requires updates to suit modern tastes. Buyers should budget for potential cosmetic or system upgrades.
2. What makes the lot size so significant?
At over 10,500 sqft, the lot is substantially larger than the typical Winnipeg property (approx. 6,570 sqft). This provides uncommon space for additions, recreational features like a sport court or extensive landscaping, and greater privacy.
3. How does the assessed value relate to the likely selling price?
The assessed value is for taxation purposes. The last recorded sale was in 2022 for between $395,000 and $425,000. The current market value will be influenced by recent comparable sales, the unique lot size, and current market conditions.
4. What are the implications of a detached garage?
A detached garage offers flexibility for use as a workshop or studio separate from the house. However, it may be less convenient during Winnipeg winters compared to an attached garage.
5. Who provides the exact historical sold price?
The exact sold price history is not publicly posted. The listing service (SaveOnHouse) offers to provide this precise data directly via email upon request, at no cost and without marketing spam.