Property Overview: 88 Wadham Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and well-situated property. Built in 1971, it features 1,082 sqft of living space, an attached garage, and a renovated basement on a generous 6,813 sqft lot. Its appeal lies in its solid, no-frills foundation and its position as a statistically average home within its immediate neighborhood and the broader Fort Richmond area. This consistency can be reassuring for buyers, indicating a property that aligns with local norms without extreme outliers in size, value, or age.
The home would suit first-time buyers, downsizers, or practical investors looking for a manageable, single-level layout in a mature, established community. A thoughtful perspective is that its "average" metrics within the context of a desirable area like Fort Richmond could represent a stable, lower-risk entry point into the market, avoiding the premium often attached to standout "top-tier" properties while still offering the community's amenities and character. The renovated basement adds functional living space, enhancing its livability.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows this home is very typical for Wadham Bay and Fort Richmond. Its living area, assessed value, and lot size all rank close to the median for comparable local properties, meaning it's a representative example of the neighborhood's housing stock rather than an exception.
2. What is the significance of the lot size being "above average" citywide?
While the lot is average for Fort Richmond, it's larger than many city-wide comparators. This suggests good outdoor space potential for the home's category and could be a relative long-term advantage in a city where newer lots are often smaller.
3. The home sold in 2016 and 2020. What does that history indicate?
The sold price ranges show consistent value in recent years. The fact it has changed hands twice in under a decade is not unusual but may suggest it's seen as a good "stepping stone" property. Requesting the exact sale prices can clarify its value trajectory.
4. What are the implications of a one-storey design with a renovated basement?
This layout offers main-level living, which is appealing for accessibility or simple convenience. The renovated basement effectively expands the usable space, potentially offering a rec room, office, or extra bedrooms, adding flexibility beyond the main floor's footprint.
5. The assessed value is noted as $39.90k. Is that the market value?
No. Municipal assessed values for tax purposes are typically much lower than actual market value. You should always look to recent sale prices of similar homes (comparables) and a professional appraisal for an accurate current market value.