87 Radcliffe Road

Property Overview: 87 Radcliffe Road, Fort Richmond, Winnipeg

Key Characteristics & Buyer Profile

This is a well-maintained, single-storey home built in 1972, situated on a generous 7,119 sqft lot in Fort Richmond. With 1,352 sqft of living space, it offers a comfortable, manageable layout. The home’s key features include a renovated basement and an attached garage. Its appeal lies in its solid, above-average positioning within the broader market. While the living area is modest for its immediate street, the property holds significant value: its assessed value ranks notably above average for both the Fort Richmond area and city-wide, and the lot size is well above the Winnipeg average. This suggests a property where the land and overall valuation are strong assets, potentially offering more value than the square footage alone might indicate.

The home would suit practical buyers looking for a low-maintenance, single-level layout, such as downsizers or first-time homeowners. It’s also a sensible fit for value-oriented buyers who recognize the worth in a large lot and a stable, established neighbourhood. The recent basement renovation adds immediate move-in appeal for those not wanting a project.

Frequently Asked Questions

1. How does this home’s value compare to others in the area?
The assessed value is above average for both Fort Richmond and Winnipeg overall, ranking in the top 23% city-wide. This indicates a strong valuation relative to the market, even though the living space is compact.

2. Is the lot size a significant feature?
Yes. At over 7,100 sqft, the lot is substantially larger than the Winnipeg average, ranking in the top 16% city-wide. This offers excellent outdoor space and potential, which is a key asset not reflected in the home’s square footage.

3. What should I know about the home’s size and layout?
It’s a one-storey home with 1,352 sqft. This is below the average for Radcliffe Road itself, making it one of the more compact homes on the street, but it is very close to the city-wide average for living area. The layout is likely efficient and manageable.

4. Has the property value increased over time?
Based on available sold price ranges, the property sold for an estimated $35.5k–$38.5k in late 2017 and then for approximately $46.5k–$49.5k in late 2022, indicating a trend of increased value over that five-year period.

5. What is the neighbourhood context like?
Located on a quiet street, it is surrounded by similar single-family homes. The data shows the homes on Radcliffe Road are typically larger and newer on average, meaning this property is a more modestly sized offering on a street of established, somewhat larger homes.