Property Overview: 78 Loyola Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical opportunity. Built in 1969, its key appeal lies in its strong value proposition within its immediate neighbourhood. The home’s assessed value ranks in the top 13% on its own street, suggesting it is viewed favorably compared to its closest peers. While its 955 sqft living space is modest, particularly for the wider area, it sits right around the average for Loyola Bay itself. The lot size is a notable asset, ranking above average city-wide, offering good outdoor space. A renovated basement adds functional living area.
This property would suit a first-time buyer or a downsizer looking for a manageable, single-level layout in a mature neighbourhood. Its appeal is grounded in being a solid, average-sized home on a good lot for the street, with recent updates, rather than in sheer size or luxury. A thoughtful perspective is that it represents a "neighbourhood-anchored" buy: its metrics are strongest within its immediate context, making it a stable choice within that specific community.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 955 sqft, the living area is slightly below average for the broader Fort Richmond area and the city. However, it is very typical for Loyola Bay street itself, ranking near the middle of homes on the block.
2. What does the assessed value ranking indicate?
The assessment of $40,100 ranks highly (top 13%) among the 32 homes on Loyola Bay. This suggests the property’s official valuation is strong for the street, though it is more average when compared to all of Fort Richmond or Winnipeg.
3. Has the property value increased?
Based on available sold price ranges, the home sold for between $30.5k-$33.5k in 2020 and then for between $36.5k-$39.5k in 2022, indicating potential value growth in that period. Exact prices require a direct request.
4. What are the less obvious features to consider?
The 6,377 sqft lot is larger than the city-wide average for comparable homes, offering valuable outdoor space. The home’s age (57 years) is typical for the area, but buyers should factor in the maintenance common to houses of this era.
5. Who are the most likely neighbours?
The listing shows several other homes on Loyola Bay as nearby properties, indicating a stable, established streetscape with neighbours in similarly aged homes.