Property Overview
85 Bayridge Avenue is a 760 sqft bi-level home built in 1983, situated on a 4,503 sqft lot in Winnipeg's Fort Richmond neighbourhood. It features a renovated basement and no garage. The home last sold in March 2021. Its current assessed value is $35,200.
Key Characteristics & Appeal
This home presents a specific value proposition centered on affordability and lot potential. Its key characteristic is its compact living space, which is notably smaller than most homes on its street and in Fort Richmond. This is paired with a relatively generous lot size for the immediate area, ranking in the top 11% on Bayridge Avenue. The appeal lies in its position as a lower-cost entry point into a well-established neighbourhood, ideal for those willing to trade interior square footage for outdoor space or future expansion potential. The renovated basement adds functional living area.
It would best suit first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance property. A thoughtful perspective is that this home may appeal to a buyer with a vision for a garden, outdoor living, or a future addition (subject to permits), where the lot is the primary asset. Its city-wide assessed value is around average, suggesting its price reflects its size rather than an undesirable location.
Frequently Asked Questions
1. Why is the living area so much smaller than the neighbourhood average?
As a compact bi-level built in 1983, the home's design prioritizes efficient use of space. This smaller footprint is a key factor in its lower price point compared to larger detached homes in Fort Richmond.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key detail to clarify with the seller or listing agent to understand the home's total usable living space.
3. Is the low assessed value a concern?
Not necessarily. The assessed value is close to the city-wide average, indicating it is typical for a home of its size. The value is significantly below the Fort Richmond average primarily because of the home's smaller square footage, not necessarily its condition or location.
4. How does parking work without a garage?
The property has no garage. Buyers should investigate on-street parking regulations or the potential to create a dedicated driveway or parking pad on the lot, given its above-average size for the street.
5. What is the potential for future expansion or renovation?
The combination of a newer-than-average build year for the area and a larger-than-average lot for the street could provide a foundation for future expansions, like an addition or a garage. Any plans would require due diligence regarding zoning bylaws and permit approvals.