Property Overview: 73 Mapleridge Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 73 Mapleridge Avenue is a practical and efficiently sized property in Winnipeg's Fort Richmond neighborhood. Its key characteristic is balance: it offers a renovated basement and a manageable 905 sqft of living space on a standard city lot. The home’s standout feature is its recent sale history and assessed value, which are notably strong for its immediate street, suggesting it is a well-maintained or updated property in its local context. Built in 1984, it is newer than many homes in the wider city and area.
The appeal lies in its potential as a low-maintenance, entry-level home or a strategic investment. It suits first-time buyers looking for a solid starter home in a established neighborhood, or investors seeking a property with recent renovation history and a stable assessment. A thoughtful perspective is that while its living space is below the neighborhood average, its strong value metrics on the street indicate it may offer better modern condition and efficiency than its direct peers, prioritizing quality of space over sheer size.
Section 2: Frequently Asked Questions
1. How does the home's size compare to the area?
The living area (905 sqft) is below the average for both Fort Richmond and Winnipeg overall, but is very close to the average for other homes on Mapleridge Avenue itself. This indicates a cozy, efficient layout typical of this specific street.
2. What does the assessed value tell me?
At $40,900, the assessment is above average for Mapleridge Avenue (top 9%) and around average for Fort Richmond. This often signals that the property is in good condition relative to its immediate neighbors, possibly due to the noted basement renovation.
3. Is the lot size a constraint?
The lot is 4,014 sqft, which is standard for the street but smaller than the typical lot in Fort Richmond. It provides adequate outdoor space for a patio or garden but may not suit those seeking extensive yard space.
4. How recent is the sale history, and why is that important?
The property sold in July 2023. A recent sale provides a clear, modern benchmark for its market value, which can be more reliable than older data, especially in changing market conditions.
5. Who would this property not be ideal for?
It may not suit buyers looking for abundant square footage, large family-sized rooms, or a vast yard. Its strengths are in its condition, manageability, and street-level value rather than expansive space.