Property Overview: 90 Lafayette Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 3-level split home, built in 1970, stands out for its generous proportions and strong positioning within its neighbourhood. With 1,877 sqft of living space, it ranks in the top 3% of homes on Lafayette Bay for size, offering significantly more room than the immediate area's average. The property sits on a substantial 7,037 sqft lot, providing ample outdoor space that is above average both for the street and city-wide. A key feature is the renovated basement, adding modern, functional living area. While the home lacks a garage and pool, its appeal lies in its spacious interior and lot size—a combination that is increasingly rare. It would suit buyers looking for a established-family home in Fort Richmond who prioritize interior space and yard size over newer construction or certain amenities. The assessed value of $450k reflects its elite standing on its street, suggesting it is a premium property within its micro-market.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The home last sold in September 2022 for approximately $43.5k–$46.5k. Its current assessed value of $450k indicates a significant increase, placing it in the top tier of homes on Lafayette Bay. This suggests substantial improvement, market appreciation, or both since the last sale.
2. What does the "top 3%" ranking for living area mean?
This statistic means that, compared to 36 similar homes on Lafayette Bay, 90 Lafayette Bay has more living space than 97% of them. It is the largest by this metric in that local group, with an average comparable home being about 750 sqft smaller.
3. Is the lack of a garage a major drawback?
This depends on the buyer's needs. For those who value a large yard (over 7,000 sqft) and extensive interior space, it may be a reasonable trade-off. The property's rankings show it excels in size rather than amenities, appealing to those who can utilize or adapt the space for storage or parking.
4. The home was built in 1970. What should I consider?
The year built is around average for the area. A key positive is the renovated basement, which indicates some updates. Prospective buyers should focus on the condition of major 50+ year-old components, such as the roof, windows, and plumbing, and consider the recently renovated basement as a modernized living space.
5. How does this property fit within the wider Fort Richmond area?
While elite on its own street for size and value, within all of Fort Richmond it ranks above average for living area and around average for lot size. This positions it as a spacious, premium home on its specific bay, but not an outlier in the broader neighbourhood context.