Property Overview
This 1964 one-storey home at 660 Patricia Avenue in Fort Richmond presents a practical opportunity. At 1,000 sqft with a renovated basement and a detached garage, it sits on a notably generous 6,602 sqft lot—larger than most on its street and across Winnipeg. While the living space is modest compared to area averages, this is balanced by the below-average assessed value, suggesting a potentially accessible entry point into the market. The home last sold in mid-2024.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and functional layout. The lot size is a significant asset, offering ample outdoor space and future potential that is increasingly rare. The renovated basement adds usable living area, and the detached garage provides flexible storage or workshop space. As a one-storey home, it offers straightforward, accessible living.
This home would suit first-time buyers or practical downsizers looking for a lower-maintenance footprint without sacrificing yard space. It’s also a sensible candidate for a long-term holder who values the inherent value of the land and is comfortable with a home that offers functional, no-frills living rather than modern finishes. A thoughtful perspective is recognizing that its below-average metrics in size and assessment for the immediate area aren't just drawbacks; they represent a specific niche—a property where you're paying more for the land than the structure, which can be a strategic purchase in a stable neighbourhood.
Frequently Asked Questions
1. Is the house small for the neighbourhood?
Yes. At 1,000 sqft, the living area is below the average for both Patricia Avenue and the wider Fort Richmond area, placing it in the smaller third of homes. The layout and renovated basement are key to maximizing its usable space.
2. What does the "below average" assessed value indicate?
The assessed value is below average for the street and Fort Richmond, but near the median city-wide. This typically reflects the home’s modest size and age relative to its immediate neighbours, not necessarily the condition, and can indicate a relatively lower property tax base.
3. How does the large lot size impact the property?
The 6,602 sqft lot is a standout feature, ranking in the top 23% on its street. This offers more private outdoor space than typical and could provide future options, though any development would be subject to local zoning bylaws.
4. What can recent sale prices on the street tell me?
Nearby homes of similar vintage and size on Patricia Avenue sold in 2024 with assessed values between $39k and $41k. The sale price range for this property in July 2024 was $35.5k–$38.5k, consistent with its slightly lower assessment.
5. Where can I find the exact historical sale price?
The provider states that exact sold prices are verified manually from their data sources. You can request the precise history by emailing them directly through the provided button on the listing page.