Property Overview: 7 Emory Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained bi-level home built in 1971, featuring an attached garage and a renovated basement. With 933 sqft of living space, it is a compact and efficient property, notably smaller than many homes on its own street and in the wider Fort Richmond area. This smaller footprint translates to lower utility and maintenance demands. The lot size of 6,379 sqft is generous for the city, offering good outdoor space relative to the home's size.
The primary appeal lies in its practicality and value. It presents an opportunity for entry into the established Fort Richmond neighbourhood without the premium price of a larger home. The renovated basement adds functional living space. It would suit first-time buyers, downsizers, or investors seeking a manageable property with a solid foundation in a convenient location. A thoughtful perspective is that its "below average" size compared to neighbours could mean a relatively lower property tax burden, while the "above average" lot for the city provides room for gardening or expansion, offering a balance not always available in more modern subdivisions.
Section 2: Frequently Asked Questions
1. Is the house unusually small for the area?
Yes, the living area is smaller than most comparable homes on Emory Road and in Fort Richmond. This is a key factor in its positioning and value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key question for the listing agent to understand the quality, layout, and permitted use of the additional space.
3. How are the property taxes estimated?
The assessed value is $38,700. To estimate annual taxes, you would multiply this value by the current municipal tax rate. Its assessment is below the local area average, which typically suggests proportionally lower taxes.
4. Has the price been stable over time?
Based on available data, the home sold in April 2017 for an estimated range of $32.5k to $35.5k. The current assessed value of $38.7k suggests modest appreciation in line with market trends.
5. Are there any major upcoming expenses common for a home of this age?
Built in 1971, major systems like the roof, windows, furnace, and plumbing are likely at or beyond their typical lifespans. A thorough inspection is recommended to gauge their current condition and prioritize any updates.