697 Patricia Avenue

Property Overview: 697 Patricia Avenue, Fort Richmond, Winnipeg

This one-storey home in the established Fort Richmond neighbourhood presents a practical opportunity. Built in 1966, its key appeal lies in its balance of a renovated basement and a manageable, single-level layout. The detached garage and a land size that is generous for the city (over 5,800 sqft) add tangible value. While the living space (1,189 sqft) is modest compared to some neighbours, its recent sold price history suggests it has been a competitively priced entry point into the area. This isn't a standout in any single category, but rather a solid, no-frills property that offers the fundamentals in a convenient location.

Who It's For:
This home would suit first-time buyers or downsizers looking for a straightforward, low-maintenance layout without stairs. Its appeal is grounded in functionality—the renovated basement adds flexible living space, and the larger lot offers outdoor potential. A thoughtful perspective is that this property represents a "blank canvas" within a mature neighbourhood; it's a home where value can be added through personalization over time, rather than paying a premium for someone else's high-end finishes.

Frequently Asked Questions

1. How does this home compare to others on the street?
The data shows it is very typical for Patricia Avenue. Its living area and assessed value are around the street average, and its 1966 build date is identical to the street's average year. The lot size is somewhat smaller than the immediate street average.

2. What is the significance of the renovated basement?
A finished basement effectively adds usable living space to the home's footprint, which is a significant advantage for a one-storey design. It provides flexibility for a family room, home office, or additional bedrooms without altering the main floor's classic layout.

3. Is the assessed value a good indicator of the selling price?
Not directly. The assessed value (listed as $39.30k) is for municipal tax purposes and is historically low in Winnipeg. Market value is determined by recent sales. The provided sold price history from 2019 (in the $31.5k-$34.5k range) is a more relevant, though dated, benchmark. Current market conditions will determine the final price.

4. What are the pros and cons of a 1960s build?
Homes from this era often feature straightforward, durable construction and simpler roof lines. Potential considerations include the age of major systems (like plumbing, electrical, and the roof), which may be nearing or past their typical lifespan and should be inspected.

5. How can I get the exact past sold prices?
As noted on the detail page, exact sold prices are provided manually by the site upon request. You can submit your email to receive the accurate history, typically by the end of the same day.