Property Overview: 86 Radcliffe Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond offers a practical and spacious layout with nearly 2,000 square feet of living space, placing it well above average for the neighbourhood and city. Its key feature is a renovated basement, adding valuable finished space. Built in 1978, the house is newer than many in Winnipeg, suggesting potentially fewer immediate concerns with aging core components.
The appeal lies in its established, quiet location on a street of similar homes and its sizeable footprint relative to many city properties. The lot, while slightly smaller than others on Radcliffe Road, is still a generous city-sized parcel. Recent sale data indicates strong market interest and value retention.
This property would suit buyers looking for move-in-ready space without the premium of a brand-new build. It’s ideal for a growing family seeking the community benefits of Fort Richmond, or for someone who values a larger interior space over a maximized yard. The renovated basement adds flexibility for recreation, a home office, or extended family.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to its recent sale price?
The home sold in May 2024 for between $555,000 and $585,000. Its current assessed value is $502,000. This difference is common, as assessed values for taxation often lag behind dynamic market sale prices, which reflect current buyer demand.
2. Is the lot size a disadvantage?
While the land area is slightly below the average for Radcliffe Road itself, it is still above the city-wide average. For many buyers, the trade-off of a very spacious interior on a still-substantial lot is a positive. It may mean less yard maintenance while retaining outdoor space.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or quality of finishes. A key next step would be to determine if it’s a legal suite, the ceiling height, the quality of materials used, and whether permits were obtained for the work.
4. There’s no garage. How is parking?
The property has no garage. Buyers should assess the driveway capacity and on-street parking availability, considering Winnipeg winters. Budgeting for the potential addition of a garage or carport in the future may be a consideration.
5. The home is from 1978. What should I be mindful of?
While newer than the city median, a 48-year-old home will have systems at various stages of their lifespan. A thorough inspection should focus on the roof, windows, plumbing, and electrical systems. The good condition of these elements could be a significant advantage over older homes in the area.