Property Overview
This two-storey home at 90 Burgess Avenue in Fort Richmond offers a blend of comfortable space and practical updates. Its primary appeal lies in its generous, above-average living area of nearly 1,900 sq ft, which ranks well within its immediate neighborhood and across Winnipeg. The property sits on a sizable 7,037 sq ft lot, providing ample outdoor space. A key modernized feature is the renovated basement, adding valuable finished living area. Built in 1978, the home is newer than many in the city. Notably, its assessed value is positioned below average for its specific street, which may present an opportunity for value-conscious buyers in a well-sized home.
This property would suit buyers looking for a spacious family home in a mature neighborhood without a premium lot price tag. It’s ideal for those who prioritize interior square footage and a renovated lower level over features like a garage or pool. The numbers suggest it’s a home that offers more space inside and out than many comparable properties, making it a practical choice for growing families or anyone seeking room to breathe.
Frequently Asked Questions
Is the basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
Why is the assessed value lower than neighbors on the same street?
While the home’s living area is above average for Burgess Avenue, its assessed value ranks in the lower tier for the street. This could be due to factors like interior condition prior to renovations, specific lot characteristics, or the timing of assessments. It’s a point for further investigation.
What is the typical buyer competition like in Fort Richmond?
Fort Richmond is a established neighborhood popular with families, university staff, and professionals. Demand is steady, often centered on well-maintained, spacious homes like this one.
Are there any major upcoming expenses?
With a home built in 1978, prospective buyers should pay special attention to the age and condition of major systems, such as the roof, windows, and HVAC, even with a renovated basement.
How does the lack of a garage impact resale?
While the property has no garage, it features a large lot that could potentially accommodate a future structure, subject to permits. The absence of a garage is a trade-off for the larger home and yard at this price point.