Property Overview
This one-storey home at 79 Briar Cliff Bay in Fort Richmond is a compact, well-situated property that presents a clear value proposition. Built in 1969, it sits on a modestly sized lot but benefits from a renovated basement. Its assessed value is consistent with the local area, suggesting a fairly priced entry point into the market.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficiency and location. With 1,040 sqft of living space, it is one of the smaller homes on its street, which translates to lower maintenance and utility costs—a practical choice for downsizers, first-time buyers, or investors. The renovated basement adds valuable finished space, increasing its functionality. While the lot is smaller than most in the immediate vicinity, it is still a good size city-wide and offers manageable outdoor upkeep.
Its strongest suit is financial predictability. The assessed value aligns closely with neighbourhood averages, indicating a property unlikely to be overvalued. It would suit a pragmatic buyer looking for a solid foothold in the Fort Richmond community without the premium for larger square footage or extensive grounds. A thoughtful perspective is that this home represents a "right-sized" option in an area where many properties are larger, offering a chance to live in a desirable location while maintaining a smaller footprint and budget.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
It is among the more compact homes on Briar Cliff Bay, with living area below the street average. However, it is close to the city-wide average, making it a typically sized home for Winnipeg overall.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value is around the neighbourhood average, which often serves as a stable baseline. Market conditions, the home's condition, and the renovated basement will be the larger factors in determining the final sale price.
3. What are the implications of the smaller lot size?
The lot is smaller than most on the street, which means less yard maintenance. For gardeners or those seeking expansive outdoor space, it may feel limited. For those preferring minimal upkeep, it is an advantage and is still a standard city lot.
4. The home was built in 1969. What should I consider?
While the building age is older, the renovated basement is a positive update. A standard inspection is crucial to understand the condition of major systems like roof, wiring, and plumbing, which may be due for updates or replacement.
5. Who would this property be best suited for?
It's an excellent match for first-time buyers seeking affordability in Fort Richmond, downsizers looking to reduce maintenance without leaving the area, or investors interested in a property with a stable assessed value and rental demand near the University of Manitoba.