Property Overview
This 1969 bi-level home at 740 Pasadena Avenue in Fort Richmond offers a practical and grounded opportunity. With 1,143 sqft of living space, its size is quite typical for the area, but it sits on a notably generous 7,278 sqft lot that ranks above average for both the neighbourhood and the wider city. The home features a renovated basement and a detached garage. Its assessed value is strong for the immediate street, suggesting it is viewed favorably relative to its closest neighbours. The last recorded sale was in July 2017.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a manageable home footprint with a substantial, private yard—a combination that offers flexibility for gardening, recreation, or future expansion. Its above-average assessment on the street hints at maintained or improved condition relative to nearby homes. The renovated basement adds functional living space. This home would suit first-time buyers or downsizers looking for a low-maintenance interior paired with outdoor space, as well as value-oriented buyers who see potential in the large lot. A less obvious perspective is that its "around average" home size but "above average" lot size for the area could represent an efficient use of property taxes, where you're investing more in the land than in excessive square footage to heat and maintain.
Frequently Asked Questions
1. What does the assessed value ranking mean?
The assessment of $43.10k ranks in the top 22% on Pasadena Avenue itself, meaning it is valued higher than most direct neighbours. City-wide, its assessment is around the middle range, which is typical for a home of this age and type in Winnipeg.
2. How updated is the home?
The listing confirms a renovated basement. The condition of the main level, roof, windows, and major systems (like heating and electrical) should be verified through a viewing and inspection, as the home is over 50 years old.
3. Is the large lot a benefit for resale?
A larger lot is generally a lasting asset and provides more options than a smaller one. In this neighbourhood, it is a standout feature that can appeal to future buyers seeking space, though the exact value impact depends on overall market trends.
4. What is the neighbourhood like?
Fort Richmond is a mature, established community near the University of Manitoba. It offers a mix of residential streets, local amenities, and convenient access to major routes. The specific feel of this block on Pasadena Avenue is best judged by a personal visit at different times of day.
5. Where can I find exact historical sale prices?
The exact sold price history is not publicly displayed in detail. The listing service offers to provide this information directly via email upon request, as noted in the property details.