Property Overview
This one-storey home at 689 Townsend Avenue in Fort Richmond presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1963, its key appeal lies in its balance of a renovated basement, a detached garage, and a land size that is notably above average for the city. With 1,033 sqft of living space, the house itself is more compact than many in the immediate area, but this is offset by a generous 6,499 sqft lot. The assessed value is consistent with averages for the street and neighbourhood. This property would suit a first-time buyer, a downsizer, or an investor looking for a manageable home with a low-maintenance footprint and the value held in the land itself. Its appeal is grounded in functionality and potential, rather than luxury finishes or size.
Frequently Asked Questions
Is the house smaller than others on the street?
Yes. The living area ranks in the top 70% on Townsend Avenue, meaning about 30% of comparable homes are smaller, but the home is below the street's average size of about 1,191 sqft. The space is efficient, with the renovated basement adding functional living area.
How does the lot size compare?
The lot is a significant feature. While around average for the street and Fort Richmond, it ranks in the top 22% citywide, meaning it's larger than 78% of comparable residential lots in Winnipeg. This offers more outdoor space than many properties.
What does the assessed value tell me?
The assessed value of $39,300 is squarely around average for the immediate area and neighbourhood. This suggests the property is priced in line with its local market context, not as a premium or a fixer-upper based on this metric alone.
The home was last sold in 2019. What was the price?
Exact sold prices are provided upon request via email from the listing service. The public data shows a range of $31.5k to $34.5k for the April 2019 sale.
What type of buyer should consider this home?
It's well-suited for those prioritizing land size and a single-level layout over expansive interior square footage. The renovated basement adds value, making it a turnkey option for a buyer who doesn't want a project. Its average assessments and compact size suggest a manageable ongoing tax burden.