Property Overview: 693 Townsend Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical opportunity. Built in 1963, it features 1,105 sqft of living space and a recently renovated basement, adding valuable finished area. A detached garage and a notably generous 6,500 sqft lot provide ample outdoor space and parking flexibility, with the land size ranking above average citywide.
The primary appeal lies in its balance of space and location. The renovated basement offers immediate move-in comfort and functional space, while the large lot presents long-term potential for gardening, expansion, or simply more private outdoor living—a relative rarity. Its assessed value is positioned below average for the immediate area and neighborhood, which can indicate a more accessible entry point into the Fort Richmond community.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout with a low-maintenance exterior and a spacious yard. It’s also a sensible fit for value-conscious buyers who prioritize land size and the potential it offers over a recently built home, and for those who appreciate having renovation work (the basement) already completed.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is below the average for both Townsend Avenue and the wider Fort Richmond neighborhood. This can suggest a potentially competitive asking price, but it’s essential to view the property in person to understand the full condition and value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. We recommend inquiring about the quality of finishes, the presence of proper permits, and whether it includes a separate entrance, bathroom, or kitchenette, as these details significantly impact its utility and value.
3. Is the large lot a benefit for future expansion?
The 6,500 sqft lot is a key asset. While any expansion would require due diligence with the city regarding zoning and permits, the lot size offers more flexibility than typical for adding a deck, garage, or even a home addition compared to properties on smaller plots.
4. What are the implications of the home’s age (1963)?
The home is older than most in Fort Richmond. This typically means closer attention should be paid during an inspection to the aging of major systems like plumbing, electrical, and the roof. However, homes of this era are also often known for solid construction and larger lot sizes.
5. Why is there a range provided for the last sold price?
The exact sale price is proprietary data. The provided range is based on public assessment records and market algorithms. For precise historical pricing to inform your offer, you can request the exact figure directly from the listing service.