Property Overview: 78 Morningside Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond offers a practical and comfortable living space. Its key characteristic is its above-average size, with 1,721 sqft of living area that places it in the top 22% for the neighbourhood and top 20% city-wide, providing more room than many comparable properties. The home sits on a 6,597 sqft lot, which is notably larger than the Winnipeg average, offering good outdoor space. A recently renovated basement and an attached garage add to its functional appeal. Built in 1975, it is typical for its street but is newer than many homes across the city.
The appeal lies in its balanced offering: it’s a spacious, single-level home on a generous lot in a mature, established neighbourhood. Its assessed value consistently ranks in the top 20% across local comparisons, suggesting a history of solid value retention. The recent sale in mid-2024 at a premium price point indicates strong market recognition for what the property offers.
This home would best suit buyers looking for a move-in-ready, single-storey layout—ideal for empty-nesters, small families, or those seeking accessibility—who value space both inside and out over a brand-new build. It’s for a practical buyer who appreciates the character and stability of a mature neighbourhood like Fort Richmond, and who sees the value in a home that consistently performs well against its peers in key metrics.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,721 sqft, the living area is larger than approximately 80% of homes in Winnipeg and 78% of homes in Fort Richmond, making it a notably spacious single-storey property.
2. What does the assessed value ranking indicate?
An assessed value ranking in the top 21% on its street and top 12% in Fort Richmond suggests the property has been valued consistently higher than most comparable homes, often reflecting desirable features, updates, or lot appeal.
3. Is the lot size a significant feature?
Yes. While average for Fort Richmond, the 6,597 sqft lot is larger than about 79% of residential lots across the entire city, offering above-average outdoor space for Winnipeg.
4. The home sold recently in 2024. What does that price suggest?
The mid-2024 sale price range placed the home in the top 5% of sales for the Fort Richmond area at that time, indicating a competitive sale that buyers strongly valued its combination of space, renovation, and location.
5. Are there any potential considerations with the age of the home?
Built in 1975, the home is typical for the area. While the basement has been renovated, a prospective buyer should consider the condition of major aging components common to homes of this era, such as the roof, windows, and core systems, which may need attention or updating.