Property Overview
This one-storey home at 87 St. Dunstan's Bay in Fort Richmond presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1970, it sits on a 6,158 sqft lot and features 1,197 sqft of living space with a renovated basement and a detached garage.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of modest size and established location. The renovated basement adds functional living space, a valuable update in a home of this vintage. While the living area is below average for its immediate street, it is competitively sized when compared to the wider city, suggesting efficient use of space.
Its strongest characteristic is its lot size, which is above average city-wide, offering good outdoor space potential in a mature neighbourhood. The home suits first-time buyers or downsizers looking for a manageable, single-level layout in a quiet area. It also appeals to value-conscious investors or buyers comfortable with a home that may require selective updates, as the assessed value positions it as a more accessible entry point into the Fort Richmond community.
A less obvious perspective is that its "newer" build year relative to its immediate street could imply slightly more modern construction materials or systems than some neighbours, a subtle advantage. Additionally, its city-wide lot size ranking indicates this property offers more land than is typical in Winnipeg, which is a long-term asset not always found in homes at this price point.
Frequently Asked Questions
1. How does the home's size compare to others?
At 1,197 sqft, the living area is below the average for St. Dunstan's Bay but is close to the average size for both the Fort Richmond area and the city of Winnipeg as a whole.
2. What is the significance of the assessed value?
The assessed value of $40,900 is around average for the street and neighbourhood but falls below the city-wide average for assessed values. This can indicate a relatively more affordable tax base and entry price for the area.
3. What does the lot size ranking mean?
The 6,158 sqft lot is larger than most lots across Winnipeg (ranking in the top 28% city-wide), which is a notable asset. However, it is smaller than most lots on its own street and within Fort Richmond.
4. Are recent sold prices available?
The last recorded sale was in December 2021, with a public price range between $42,500 and $45,500. For the exact historical sold price, you can request the information directly via email from the listing source.
5. What are the implications of the 1970 build year?
Built in 1970, this home is newer than most on its specific street. This suggests it may have benefitted from building standards and materials of that slightly later era compared to many neighbouring homes built in the 1960s.