Property Overview: 78 Linacre Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond offers a practical and spacious family layout with 1,854 sqft of living space, which is notably above average for both the neighbourhood and the city. Its appeal lies in a balanced package: a renovated basement adds modern living space, an attached garage provides convenience, and a land size of nearly 7,000 sqft offers generous outdoor potential. The assessed value positions it as a solid, mid-range property within its immediate area, suggesting a fair market entry point.
A thoughtful perspective is that this home represents a "value-through-space" proposition. While it is an older build (1967) on its street, the renovations and above-average living area mean you are paying more for the updated interior and usable square footage than for a newer structure. It would suit buyers looking for established neighbourhood character, those who prioritize interior space and a renovated basement over a recently built home, and families or individuals wanting a sizable yard without moving to the city's outskirts.
Section 2: Frequently Asked Questions
1. How does this home really compare to others on the street?
The data shows it's a tale of two metrics. Its living space is competitive and near the street's average, but it is one of the older homes on Linacre Road. You're getting more interior space than many neighbours, but in an older building envelope.
2. Is the assessed value a reliable indicator of the listing price?
The assessed value is a snapshot for municipal tax purposes, not a guaranteed market price. However, it places this home around the middle of the pack on its own street and above average for Fort Richmond, which can indicate a stable and established value relative to the area.
3. What does the "renovated basement" likely include?
The listing confirms a renovated basement but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, the materials used, and whether it includes legal secondary egress, which affects its value and use as living space.
4. How does the lot size benefit a buyer?
At 6,926 sqft, the lot is above the Winnipeg average. This allows for ample backyard space, gardening, potential for additions like a shed or deck, and more distance from neighbours compared to newer, denser subdivisions.
5. Given its age, what should be a priority during inspection?
As a home built in 1967, focus should be on the major systems that may be near or past their typical lifespan. This includes the roof, foundation, plumbing, electrical wiring, and the heating system, even if the basement itself has been recently updated.