Property Overview: 671 Grierson Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home is a classic one-storey bungalow built in 1972, offering a practical and comfortable living space of approximately 1,417 square feet. Its key appeal lies in its balanced, above-average positioning within a mature and established neighbourhood. The home sits on a notably generous 7,539 sqft lot, providing ample outdoor space that is larger than most city-wide and local area comparables—a significant asset for gardening, recreation, or future expansion. A renovated basement and an attached garage add to its functional appeal.
The property suits buyers looking for a solid, move-in-ready home in a quiet area without the premium of a brand-new build. It’s an excellent match for first-time homeowners seeking space to grow, downsizers wanting single-level living with a manageable yard, or investors attracted to a stable area with consistent value. A thoughtful perspective is that while the home’s living area and assessed value are comfortably average for its immediate street, its larger lot size offers a hidden value proposition, providing a sense of privacy and potential that is becoming rarer in many city neighbourhoods.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Fort Richmond?
The home is consistently above or around average for the area in key metrics. Its lot size is particularly strong (ranking in the top 22% locally), while its living space and assessed value are in line with typical neighbourhood homes, indicating it is a competitively priced option.
2. What is the significance of the "renovated basement"?
While specific details aren’t provided, a renovated basement typically adds valuable finished living space, which could be used as a family room, home office, or additional bedrooms. It’s a key feature that enhances the home’s functionality and immediate livability.
3. Is the assessed value the same as the market value?
No. The assessed value (listed as $44.90k) is for municipal tax purposes and is not a reflection of current market value or selling price. Market value is determined by recent sales of comparable properties, current demand, and the condition of the home.
4. What are the advantages of a one-storey bungalow?
Bungalows offer easy, single-level living, which is ideal for accessibility and avoids stair navigation. They often feature simpler layouts and can be more efficient to heat and maintain. The potential for a separate basement suite also exists, depending on zoning.
5. The home was last sold in 2021. How can I find out the exact sale price?
As noted in the property details, the exact historical sold price is available by request. You can provide your email to the listing service to receive the accurate figure directly, as public records sometimes only show broad ranges.