7 Tunis Bay

Property Overview: 7 Tunis Bay, Fort Richmond

Section 1: Key Characteristics & Appeal

This is a well-situated, one-storey home in the established Fort Richmond neighbourhood. Built in 1965, it offers 1,282 sqft of living space and sits on a 6,046 sqft lot. A key feature is its renovated basement, adding valuable finished space, and it includes a detached garage. The home’s assessed value is positioned around the average for both the street and the wider area.

Its primary appeal lies in its balance and practicality. While the house itself is modest in size compared to some neighbours, the renovated basement effectively expands the usable living area. The lot size, though smaller than others on Tunis Bay, is actually above average city-wide, offering good outdoor space for a home of this vintage. It suits first-time buyers or downsizers looking for a manageable, single-level layout in a mature neighbourhood without the premium of a brand-new home. It’s also a sensible option for value-conscious buyers who prioritize a move-in ready basement over a larger, unrenovated footprint.

Section 2: Frequently Asked Questions

1. Is the house smaller than others on the street?
Yes. The living area is below the average for Tunis Bay, ranking in the bottom 15% on the street. However, the renovated basement compensates by providing additional finished space.

2. How does the lot size compare?
The lot is smaller than most on Tunis Bay and in Fort Richmond. However, from a Winnipeg-wide perspective, it is actually above average, offering a decent-sized yard for the city.

3. What does the "around average" assessed value mean?
It means the home’s official assessed value is very typical for the immediate area and the neighbourhood. It’s not unusually high or low, suggesting it aligns with general market expectations for similar properties in Fort Richmond.

4. Who might this property not suit?
Buyers needing extensive main-floor living space or a very large yard compared to their direct neighbours may find it limiting. It may also not fit those seeking a modern, open-concept layout typical of newer builds.

5. What is a less obvious thing to consider?
The home was built in the mid-1960s. While the basement is renovated, prospective buyers should factor in the potential future maintenance or updates expected for a home of this age, such as roofing, windows, or major systems.