Property Overview: 691 Grierson Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 691 Grierson Avenue is a property defined by a compelling contrast between its modest house and its exceptional lot. Built in 1967, the 1,218 sqft home features a renovated basement and a detached garage, presenting a solid, move-in-ready canvas. Its living space and assessed value are consistently around the average for its street, neighborhood, and city, indicating a fairly priced, typical family home.
The true standout feature is the land. With a 14,036 sqft lot, this property ranks in the top 3% in Fort Richmond and the top 2% city-wide for land area. This offers a rare level of outdoor space and privacy for the area, far exceeding what most suburban lots provide. The appeal here lies in the potential: it’s a comfortable home as-is for a buyer seeking space, but the oversized lot presents a unique long-term opportunity for gardening, expansion, or future redevelopment.
This property would best suit pragmatic buyers who see value in land. It’s ideal for a family wanting a large, secure yard for children and pets, or for a homeowner with a vision for future projects like a major garden, workshop, or addition. It’s less about luxury finishes and more about securing a scarce resource—ample land—within a well-established neighborhood.
Section 2: Frequently Asked Questions
1. Is the house itself in good condition?
The listing notes a renovated basement, suggesting updates have been made. As with any home from 1967, a thorough inspection is recommended to assess the condition of major systems like roof, wiring, and plumbing.
2. What makes this property a good value?
The value is primarily in the land-to-house ratio. You are purchasing a home at a typical price point, but with a lot size that is increasingly rare and often comes at a significant premium.
3. What is the neighborhood like?
Fort Richmond is a mature, established neighborhood in Winnipeg. The property’s rankings show it fits squarely within the area’s norms for home size and value, suggesting a stable, residential community.
4. Could the large lot be subdivided?
This is a key question for future potential. Any subdivision would require research into current City of Winnipeg zoning bylaws and regulations, which should be investigated with a real estate professional or directly with the city.
5. Why is the last sold price range (2019) so different from the assessed value?
The sold price from 2019 reflects the market conditions at that time. The current assessed value is for taxation purposes and is often calculated using mass appraisal techniques; it may not reflect the current market value or the unique premium of the oversized lot. Consulting recent comparable sales is essential.