Property Overview: 79 Leeds Avenue, Fort Richmond
Key Characteristics & Buyer Profile
This one-storey home in Fort Richmond presents a practical opportunity with a few distinct advantages. Its key characteristic is a generous 7,197 sqft lot, which is notably larger than the average Winnipeg property, offering ample outdoor space for gardening, play, or future expansion. The home itself, built in 1973, is of a typical size for its immediate street but is one of the newer builds on Leeds Avenue. It features an attached garage and a renovated basement, adding functional living space.
The appeal lies in its balance. It’s a home that offers more land than most without a premium price tag, as reflected in its assessed value being consistently "around average" for its area. It suits first-time buyers or downsizers looking for a manageable single-level layout in a mature neighbourhood, with the basement renovation providing immediate move-in comfort. A thoughtful perspective is that while the living area is modest, the large lot and newer-build status (for the street) offer a foundation for future value, whether through enjoyment of the space or potential updates. It’s a property for those who prioritize land size and a solid neighbourhood foundation over a large interior footprint.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,082 sqft, the living area is below average for the Fort Richmond neighbourhood but is typical for homes directly on Leeds Avenue. The renovated basement effectively adds to the usable space.
2. What does the "Elite" ranking for Year Built mean?
This indicates the home, built in 1973, is one of the newest on its specific street (Leeds Avenue) when compared to its direct neighbours. City-wide, its build year is around the average.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($40.70k) is a municipal figure for tax purposes and is typically much lower than market value. Recent sold price data for the area and the home’s own 2022 sale range ($42.5k - $45.5k) are more relevant for understanding current market value.
4. What are the benefits of such a large lot?
The lot is a standout feature, over 7,000 sqft. This provides significant private outdoor space, room for additions like a deck or shed, and often feels less crowded than properties on standard-sized lots.
5. Where can I find the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide this precise history manually via email upon request, at no cost and without marketing spam.