Property Overview: 71 Newcastle Road, Fort Richmond
Key Characteristics & Appeal
This well-established 1973 bungalow in Fort Richmond offers a practical, grounded opportunity. Its 1,256 sqft of living space and 6,903 sqft lot are both consistently "around average" for the immediate area, presenting a home that fits comfortably within its neighbourhood context. A key feature is the renovated basement, adding valuable finished space. The detached garage provides flexible storage or workshop potential.
The appeal here lies in its stability and the value of its lot. While the home itself is unassuming in size and assessment value compared to neighbours, the property holds a less obvious advantage: its land area is notably above the Winnipeg city-wide average (top 18%), suggesting a more generous yard than many homes in the city. Furthermore, it is the newest build on its block (top 3% on Newcastle Road), which may imply relatively newer core components compared to immediate neighbours. It suits first-time buyers, downsizers, or practical investors looking for a manageable, single-level layout in a mature neighbourhood without the premium of a brand-new home. It's a property for those who see potential in solid foundations and space, rather than flashy finishes.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($43,100) is for municipal tax purposes. Market value is determined by current sale prices of similar homes, which can be higher or lower. The last recorded sale was in 2017.
2. What does "top 3% for year built on its street" mean?
This statistical ranking indicates that 71 Newcastle Road is one of the newest houses on its own block. On Newcastle Road, it is ranked 1st out of 34 comparable homes for its newer build year (1973). This is a hyper-local point of comparison and doesn't necessarily reflect the condition of the home today.
3. The lot is above average city-wide but average for the area. Why does that matter?
It highlights that Fort Richmond generally offers larger lots compared to many Winnipeg neighbourhoods. You're buying into an area with more spacious properties, and this home's lot is still a strong performer even within that context, offering good outdoor space.
4. What is included in the "renovated basement"?
The listing confirms the basement is renovated but does not specify the scope, finishes, or if it includes a separate entrance or legal suite. This is a key detail to clarify with the seller or agent to understand the home's full living and potential income space.
5. How can I find out the exact historical sale price?
The exact sold prices are not publicly displayed in this data. As noted, you must request the information directly via email from the source, which will provide the precise figure from their records.