79 Loyola Bay

Property Overview: 79 Loyola Bay, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This 1969 bi-level home at 79 Loyola Bay presents a practical and affordable entry point into Winnipeg’s Fort Richmond neighborhood. With 804 sqft of living space and a renovated basement, it offers functional, compact living. Its key appeal lies in its value proposition: the home sits on a notably generous 6,375 sqft lot for the city, offering above-average outdoor space relative to many Winnipeg properties—a significant asset for gardening, play, or future expansion. The assessed value is modest, especially within its own neighborhood and street, suggesting a lower property tax burden and an accessible price point.

The home would suit first-time buyers, downsizers, or investors seeking a manageable property with land potential. Its size and ranking data indicate it’s one of the smaller and more modestly valued homes on its street, making it a candidate for those prioritizing location and lot size over square footage. A thoughtful perspective is that while the living area is below area averages, the renovated basement adds usable space, and the lot size offers a rare flexibility not found in many newer, denser subdivisions.

Frequently Asked Questions

1. How does this home’s value compare to others in the area?
The home’s assessed value is below the average for both Loyola Bay street and the wider Fort Richmond area, but it is around the median when compared citywide. This indicates a competitively priced property within its immediate context.

2. Is the lot size a significant feature?
Yes. While the lot is slightly below average for the street, it ranks in the top 24% citywide. This means you get more outdoor space than most properties in Winnipeg, which is a valuable and less replaceable asset than interior square footage.

3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This should be verified with the seller or listing agent to understand the finishes, permits, and how it adds to the home’s living functionality.

4. How recent are the sales, and what do they indicate?
The home sold in 2022 and previously in 2016. The sold price ranges show steady, moderate appreciation over that period, consistent with a stable, established neighborhood rather than a volatile market.

5. Are there any obvious concerns from the public data?
The home’s living area is notably smaller than many in Fort Richmond. Buyers should consider if the layout and finished basement meet their space needs. However, the data also shows it is one of the newer homes on its block, which can be a positive for foundational components.