Property Overview
This one-storey home at 87 Briar Cliff Bay in Fort Richmond is a practical, no-frills property that offers value through its lot and location rather than its size or finishes. Built in 1969, it features a renovated basement and 1,219 sqft of living space. The home sits on a 6,027 sqft lot, which is notably larger than many city-wide averages. Its assessed value is modest compared to the local market. There is no garage or pool.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot size is well above average for Winnipeg, offering significant outdoor space and potential in a mature neighbourhood. This is a home for a buyer comfortable with a project. The renovated basement adds functional living space, but the main floor living area is compact. Its assessed value suggests it may be priced accessibly, potentially offering an entry point into the Fort Richmond area, which is known for its convenience to the University of Manitoba, major transportation routes, and amenities.
It would best suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes lot size over a large or modern house. It’s also a candidate for someone with long-term plans to expand or rebuild, given the generous lot dimensions in an established area. The appeal is grounded in practicality and potential, not immediate luxury.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to assess the quality, layout, and whether it includes a legal secondary suite or additional bedrooms.
2. How does the lack of a garage affect daily living?
This requires planning for vehicle parking, particularly in winter. Buyers should budget for installing a driveway or parking pad, and consider the impact on storage and vehicle protection.
3. The assessed value seems low. What does this mean?
The assessed value is for municipal tax purposes and is not the market price. Its lower assessment relative to some local averages may indicate a more affordable tax burden, but the sale price will be determined by current market conditions.
4. Is the large lot a benefit for future expansion?
Potentially, yes. The above-average lot size could allow for a significant addition, a garage, or landscaping projects. It’s advisable to check with the City of Winnipeg regarding zoning bylaws, setback requirements, and any development restrictions.
5. What are the implications of the home's age?
Built in 1969, the house likely has older major systems (like plumbing, electrical, and roof). While the basement is renovated, a thorough inspection is crucial to understand the condition and potential update costs for the main structure.