Property Overview
This one-storey home in Fort Richmond presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1963, its key characteristic is a generous 6,732 sqft lot, which is notably larger than many city-wide and street-level comparisons. The living space is a modest 1,001 sqft, and the home features a renovated basement and a detached garage. Its assessed value is positioned around the average for the area.
The appeal lies in its land size, offering room for gardening, expansion, or outdoor living—a relative rarity for the price point. The renovated basement adds functional living space. It would suit first-time buyers seeking an entry into the market with room to grow, value-conscious purchasers prioritizing land over a large footprint, or downsizers looking for a manageable single-level layout with a low-maintenance exterior and a spacious yard.
A less obvious perspective is that while the home's size is below area averages, this can translate to lower utility costs and less upkeep. Additionally, a property with an assessed value that is average for the street but on a larger lot may offer untapped equity potential for the right buyer.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,001 sqft, the living area is below the average for both Townsend Avenue and the wider Fort Richmond area. This is balanced by the property's larger-than-average lot size.
2. What is the significance of the assessed value?
The assessed value of $38,800 is around the average for the immediate street but below the average for Fort Richmond as a whole. It is important to note that assessed value is for municipal tax purposes and does not necessarily reflect current market value.
3. What does the sold price history indicate?
Public records show the home sold in September 2016 for an estimated range of $32,500 to $35,500. For the exact historical sold price, you can request the information via email from the listing source.
4. Is the larger lot a benefit for future expansion?
The 6,732 sqft lot is a standout feature, providing above-average outdoor space. This could allow for future additions, a large garden, or the installation of outdoor amenities, subject to local zoning and permit regulations.
5. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, spacious interiors may find the below-average living area limiting. It may also not suit those looking for a brand-new build, as the structure is over 60 years old, though the basement has been renovated.