Property Overview: 776 Pasadena Avenue, Fort Richmond
Key Characteristics & Appeal
This 1965-built, one-storey home in Fort Richmond offers a practical and grounded opportunity. With 1,332 sqft of living space, it sits above average for its immediate street but aligns with typical city-wide sizes. Its standout feature is the land: a 7,277 sqft lot that is notably larger than most in Winnipeg, offering ample outdoor space and potential. The home includes a renovated basement and a detached garage. The assessed value is positioned solidly in the middle range for the area, suggesting a market-aligned valuation.
The appeal lies in its balance. It’s not the newest or largest home, but it provides a generous, above-average yard in a mature neighbourhood—a combination that can be hard to find. The renovated basement adds functional living space. This property would suit a buyer looking for a solid starter home or a downsizer who values a low-maintenance, single-level layout but doesn’t want to compromise on outdoor room for gardening, pets, or family gatherings. It’s a home for those who see value in land and practical updates over flashy finishes.
Frequently Asked Questions
1. How does the lot size compare to newer homes?
This property’s lot is significantly larger than the current city-wide average of about 6,570 sqft. In Fort Richmond specifically, it ranks in the top 28% for land area, meaning you get more yard space than most homes in the neighbourhood.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope (e.g., finishes, legal suite, moisture prevention) is not detailed. This is a key point for a viewing and inspection to understand the quality and permitted use of the space.
3. Is the assessed value a good indicator of the likely selling price?
The assessed value of $39,400 is a municipal tax valuation. The last recorded sale was in late 2019 for approximately $30,500-$33,500. The current market value will be influenced by recent sales, condition, and demand, and will likely differ from both these figures.
4. The home is older—what should I be mindful of?
Built in 1965, potential buyers should pay special attention to the condition of major aging components during an inspection. This includes the roof, foundation, plumbing, electrical systems, and windows, even though the basement has been updated.
5. How does this home fit within its immediate area on Pasadena Avenue?
The data shows a mix: its living space is above the street average, but its lot size is slightly below the street average. This indicates that homes on this block vary, and this property offers a relatively efficient home footprint on a still-generous lot compared to the wider city.