Property Overview: 734 Patricia Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a practical and solid opportunity. Built in 1971, it is notably newer than many neighbouring homes on Patricia Avenue. Its key physical attributes are a 1,267 sqft living area, an attached garage, and a renovated basement. The standout feature is the land: at just over 8,000 sqft, the lot size is well above average for the street, neighbourhood, and city, offering valuable outdoor space and potential.
The appeal lies in its balanced, no-fuss profile. It’s not the largest home in terms of living space, but it holds its own with recent basement updates and the desirable perk of a larger yard. The above-average assessed value for the street suggests it is viewed favourably relative to its immediate peers. This property would suit first-time buyers or downsizers looking for manageable single-level living without sacrificing yard size, or an investor/renovator who sees value in the generous lot and the home’s relatively newer vintage for the area.
Frequently Asked Questions
1. How does the home’s size compare to others?
The living area is average for the neighbourhood and city. The more distinctive comparison is the land size, which is in the top 15% locally, meaning you're getting more outdoor space than most comparable properties.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent to understand the finish quality, layout, and whether it includes a legal suite or additional living space.
3. The last sold price shows a range from 2020. What does that mean?
Public records sometimes show estimated ranges. To get the exact historical sale price for this or comparable homes, you can request the information directly from the listing source via email.
4. Is the assessed value a good indicator of market price?
The assessed value is for municipal tax purposes. While this home's assessment is above average for its street, market price is determined by current conditions, the home's specific state, and buyer demand. It’s a data point, not an appraisal.
5. The home is 55 years old. What should I consider?
While newer than many on its street, a home from this era will have aging core components. A thorough inspection is essential to assess the roof, windows, plumbing, electrical, and the foundation, especially given the renovated basement which may cover underlying issues.