Property Overview
This 1972 bi-level home at 71 Mount Allison Bay in Fort Richmond presents a practical and affordable entry point into the Winnipeg market. With 844 sqft of living space and a renovated basement, it sits on a 6,151 sqft lot. The home's assessed value is notably below average for its immediate neighborhood and Fort Richmond, yet it holds an "Elite" ranking for its year built on its street, indicating it is one of the newest homes in that specific locale. It does not have a garage or pool.
Key Characteristics & Appeal
The primary appeal of this property lies in its value proposition and potential. Its below-average assessed value for the area suggests a more accessible price point, making it a candidate for first-time homebuyers, investors, or those seeking lower carrying costs. The renovated basement adds functional living space. A thoughtful perspective is that while the living area is compact, the lot size is above average citywide, offering valuable outdoor space or future expansion potential relative to many Winnipeg homes. Its age is a relative strength on its own street, possibly implying fewer immediate major repairs compared to older neighbors. This home suits buyers prioritizing lot size over interior square footage, those comfortable with a bi-level layout, and anyone looking for a solid foundation in a established neighborhood without a premium price tag.
Frequently Asked Questions
1. Is the home significantly smaller than others in Winnipeg?
Yes, at 844 sqft, the living area is below the city-wide average. However, the property compensates with an above-average city-wide lot size.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value is influenced by the home's smaller living area and the lack of a garage. It reflects the property's specific characteristics rather than the neighborhood as a whole.
3. What does the "Elite" ranking for year built mean?
On its specific street (Mount Allison Bay), this home, built in 1972, is among the newest. This is a hyper-local advantage, though it is around average for the broader Fort Richmond area and city.
4. Who would this property not be suitable for?
It may not suit buyers requiring extensive indoor space, those who need a garage, or families looking for a move-in-ready home with modern, open-concept layouts typical of newer builds.
5. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area (main floor) calculation. The 844 sqft likely refers to the above-grade bi-level footprint, with the renovation adding bonus space.