Property Summary: 85 Greyfriars Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 864 sqft bi-level home at 85 Greyfriars Road is a compact, no-frills property that presents a clear value proposition. Built in 1971, it is notably one of the newer homes on its street. Its key characteristics include a renovated basement, no garage, and a modest but functional 6,580 sqft lot. The home's assessed value is relatively low, especially within its immediate neighbourhood and the broader Fort Richmond area, suggesting a potentially accessible entry point into the market.
The primary appeal lies in its affordability and efficiency. It suits first-time buyers, investors, or downsizers seeking a lower-maintenance footprint without a major renovation project. The renovated basement adds valuable finished living space. A thoughtful perspective is that while the living space is below average for the area, the lot size is actually above average city-wide, offering good outdoor potential for its scale. This property is for a pragmatic buyer who prioritizes financial accessibility and a solid foundation in a well-established neighbourhood over size and premium finishes.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 864 sqft of living area, it is notably smaller than most homes in Fort Richmond and on Greyfriars Road itself. The efficient bi-level layout and renovated basement help maximize the usable space.
2. Why is the assessed value so much lower than the city-wide average home value shown?
The city-wide "average" of $390k cited is for all comparable homes across Winnipeg, which includes many newer, larger properties. The more relevant comparison is the local Fort Richmond average of about $43.6k for similar homes, against which this property is assessed at $35.8k.
3. What does "Top 3% for Year Built on Greyfriars Road" mean?
It means this home, built in 1971, is among the newest 3% of houses on its own street. This suggests the surrounding houses are predominantly older, which can be an advantage for systems and structure.
4. Is the lot a good size?
The lot is below average for the street but is actually larger than the typical Winnipeg lot when compared city-wide. It provides a decent outdoor space for a home of this size.
5. Where can I find the exact historical sale price?
The listing service provides an estimated sale price range from 2019. To obtain the precise sale price, you must request it directly from them via email, as they manually provide this data to verified users.