Property Summary: 71 Bayridge Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 71 Bayridge Avenue is a practical property that stands out for its relative newness and efficient use of space within its neighbourhood. Built in 1990, it is notably newer than most homes on its street and in the wider Fort Richmond area, which suggests potentially fewer concerns with aging major components. With 958 sqft of living space and a renovated basement, it offers a compact, low-maintenance layout.
Its primary appeal lies in its position as a value-conscious entry point into a well-established neighbourhood. The assessed value is strong for the immediate street, indicating it is viewed favourably compared to its closest peers. The lot size, while modest for Fort Richmond, is above average for Bayridge Avenue itself, offering a decent outdoor space for a home of this size.
This property would suit first-time buyers, downsizers, or investors looking for a manageable, newer-vintage home without a premium price tag. It’s for someone who prioritizes a modern building foundation and a renovated basement over sheer square footage, and who values a neighbourhood setting where the home itself is one of the more recent builds.
Section 2: Frequently Asked Questions
1. How does the living space compare to typical homes?
At 958 sqft, the living area is below the average for both Fort Richmond and Winnipeg overall. However, it is closer to the average for Bayridge Avenue itself. This indicates a more compact, efficient home suited for simpler living.
2. What does the "Elite" ranking for Year Built mean?
This means the 1990 build date is among the newest 2-3% of homes on its street and in Fort Richmond. In a city and area with many older homes, this is a significant characteristic that can imply newer wiring, plumbing, and building materials.
3. Is the assessed value high for the area?
The assessed value is above average for Bayridge Avenue but around the average for Fort Richmond and city-wide when compared to similar homes. This suggests the property is well-aligned with market values, with a slight premium on its own street likely due to its newer build and renovations.
4. What is the lot size like?
The 4,503 sqft lot is above average for the street but below the typical larger lot size found in the broader Fort Richmond area. It provides a good private yard for a bi-level, but not the expansive lot some older neighbourhood homes offer.
5. Who might this home not suit?
Buyers needing significant space for a growing family or those who prefer a large, sprawling yard may find it limiting. Its appeal is greatest for those who see the value in a newer structure and a renovated basement over maximum square footage.