Property Overview & Appeal
This well-situated one-storey home in Fort Richmond offers a practical layout with a recently renovated basement, an attached garage, and a notably large, mature lot of over 6,500 square feet. Its primary appeal lies in this combination of updated living space and significant outdoor potential. The home is newer than most in the immediate area, ranking in the top 11% on its street for year built, which suggests potentially fewer major age-related concerns compared to neighbours. With a living area just under 2,000 sqft, it provides ample room without being oversized.
The property would suit first-time buyers or downsizers looking for single-level living in a established neighbourhood, as well as value-conscious buyers who see potential in the generous lot size for future expansion, gardening, or outdoor living. A thoughtful perspective is its strong relative value; the assessed value ranks in the top 6% for all of Winnipeg, indicating a solid foundation of municipal valuation compared to the market. This isn't a flashy, fully modernized show home, but a grounded property with good fundamentals and room to personalize.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, room layout, and whether it includes a legal suite or additional bedroom(s) would need verification through a viewing or direct inquiry with the listing agent.
2. How does the lot size compare to others?
The 6,593 sqft lot is a key feature, ranking in the top 21% on Michigan Avenue for size. It is significantly larger than many standard city lots, offering more privacy and space for recreation or projects.
3. The home was built in 1992. Are there any major components due for replacement?
While newer than many comparable homes in Fort Richmond, a 34-year-old home will have aging components. The condition of the roof, major systems (furnace, water heater), and windows should be investigated as part of a standard inspection.
4. The assessed value seems low compared to likely sale price. Why is that?
Manitoba's assessed values for property tax purposes often lag behind current market values. This home's assessment ranks very high locally, which is a positive indicator of its underlying value relative to other properties, not a direct prediction of sale price.
5. What is the neighbourhood character like?
Located on Michigan Avenue, the property is in a mature, family-oriented area with a mix of original and updated homes. Its high ranking for "newness" within the neighbourhood suggests it may stand out as one of the more contemporary structures on the block.