Property Overview: 89 Kings Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1966, presents a practical opportunity in the established Fort Richmond neighborhood. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,353 sqft footprint. The home sits on a notably generous 8,472 sqft lot, which is well above average for both the city and the local area, offering significant outdoor space and potential. A detached garage provides additional storage or workshop space.
The appeal lies in its balance of a manageable, updated living space with a large, private yard—a combination that can be hard to find. It suits first-time buyers looking for a home with immediate livability and room to grow outdoors, or downsizers seeking single-level living without sacrificing garden space. A thoughtful perspective is that while the house itself is modest in size compared to others on its street, it offers a more efficient layout on a premium-sized lot, potentially translating to lower maintenance costs and heating bills than larger, older homes. The recent basement renovation also suggests major below-ground work is already addressed.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around average for Fort Richmond but is below the average for Kings Drive itself. This indicates you may be getting more land and a renovated property at a value relative to the street, where homes are typically larger or on even bigger lots.
2. What is the significance of the large lot size?
At 8,472 sqft, the lot is a standout feature. It offers ample room for gardening, recreation, future additions like a deck or shed, and provides a greater sense of privacy than is typical in the area.
3. What should I know about a home built in 1966?
While the basement has been renovated, a home of this age will have original core components. A thorough inspection of the roof, foundation, wiring, and plumbing is advisable to understand any upcoming maintenance or update needs.
4. Has the property’s value been stable?
Based on available sold price ranges, the property has seen modest appreciation between its 2019 and 2023 sales, generally keeping pace with broader area trends.
5. Who are the typical neighbors?
Fort Richmond is a mature neighborhood near the University of Manitoba. The community often includes a mix of long-term residents, academic staff, students in nearby rentals, and young families, creating a quiet but convenient atmosphere.