Property Summary: 699 Grierson Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond offers a practical, single-level layout with 1,500 sqft of living space, which is notably above average for both the immediate street and the city overall. A key feature is its renovated basement, adding functional space, and it includes an attached garage. Built in 1970, the home is of a typical vintage for the area.
Its primary appeal lies in its efficient use of space and location. The living area is generous for a one-storey design, making it suitable for those seeking ease of movement without stairs. The renovated basement immediately adds value and utility. While the lot size is smaller than others on Grierson Avenue, this can translate to lower maintenance, which is a plus for many.
This property would best suit downsizers, first-time buyers, or anyone looking for a manageable, single-level home in a established neighbourhood. It’s a practical choice for those who value interior space and updates (like the basement) over a large yard. The above-average living area in a city-wide context makes it a competitively spacious option within its style.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than most lots on the same street, it is close to the Winnipeg city-wide average. This typically means less yard maintenance, but it may limit expansion possibilities or private outdoor space compared to neighbours.
2. What does the assessed value indicate?
The assessed value is around the average for the area. It’s important to note this is a valuation for municipal tax purposes, not a market price. Recent nearby sales suggest a stable market in this value range.
3. Is the living area truly above average?
Yes. The 1,500 sqft places the home in the top 30% city-wide for living area, making it a spaciously sized bungalow compared to many in Winnipeg.
4. What are the implications of the home’s age?
Built in 1970, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is recommended to understand the condition and any upcoming maintenance typical for homes of this era.
5. What is the neighbourhood like?
Fort Richmond is an established neighbourhood near the University of Manitoba. It offers a mix of residential streets, convenience, and access to amenities. The specific street data shows a range of home sizes and values, indicating a varied, non-uniform streetscape.