71 Purdue Bay

Property Overview

This 4-level split home at 71 Purdue Bay in Fort Richmond presents a compelling opportunity in a well-established Winnipeg neighbourhood. Built in 1969, it sits on a notably large, 9,170 sqft lot—a standout feature that ranks in the top 10% for the area. With 1,759 sqft of living space, the home offers above-average roominess compared to most local and city-wide properties. Its renovated basement and attached garage add practical value. The home’s assessed value is consistently above average for its immediate street and the broader city, suggesting a solid foundation of perceived worth. Its appeal lies in the generous outdoor space, the practical layout of a 4-level split, and its position in a mature, settled area. This property would suit buyers looking for a family home with significant yard potential, those who appreciate a neighbourhood with a long history, and value-driven purchasers who see the upside in a well-sized lot in a central location.

Key Questions & Considerations

1. What does the "above average" ranking actually mean for living space?
The home’s living area is in the top 7% on its own street and top 20% in Fort Richmond, meaning it offers more interior space than most direct neighbours. This is a practical advantage for growing families or those wanting dedicated room for a home office or hobbies.

2. The lot size is a highlight, but what are the implications?
A lot of this size (over 9,000 sqft) is uncommon in the city and offers rare potential. Beyond gardening or play space, it provides flexibility for future additions, a large shed, or simply a greater sense of privacy. It's a long-term asset that may be harder to find in newer subdivisions.

3. How does the 1969 build year affect the home?
While the home is from a era that may require updates to systems like plumbing or electrical, its age is actually an elite ranking on its street. This indicates the neighbourhood is consistently mature, which often translates to stable property values and established greenery.

4. The last sale was in mid-2022. What can that price range indicate?
The sold price range from 2022 provides a recent market benchmark, but it’s essential to consider current market conditions. The fact that the current assessed value remains above average for the area suggests the property has maintained its value trajectory since that last sale.

5. What is the benefit of the 4-level split design?
This style naturally separates living spaces across different levels, which can offer more privacy and noise separation than an open-concept bungalow. It’s efficient with its footprint and often provides multiple defined areas, but it also means more stairs to navigate daily.