Property Overview
This one-storey home at 90 Tulane Bay in Fort Richmond is a practical and affordable entry point into the Winnipeg market. Built in 1965, it offers 1,085 sqft of living space on a 5,716 sqft lot. Key features include a renovated basement and the absence of a garage. The home's assessed value is notably below average for its immediate street and neighbourhood, yet it sits around the city-wide average, suggesting it represents a value-conscious opportunity within a well-established area.
Key Characteristics & Appeal
The primary appeal of this property lies in its affordability and solid fundamentals. It suits first-time buyers, downsizers, or investors looking for a manageable, single-level home without a premium price tag. Its renovated basement adds functional living space, a significant plus for a home of this size. The lot size, while below the neighbourhood average, still provides good outdoor space for a home of this era.
A thoughtful perspective is its positioning: while it ranks below average in metrics like assessed value within Fort Richmond, this indicates a lower property tax burden compared to neighbouring homes. For a buyer, this means the ongoing cost of ownership is more manageable. The home doesn’t stand out as large or modern in its immediate context, but it offers a grounded, no-frills ownership experience in a stable community. It’s a home for those who prioritize financial practicality and a quiet location over standout features or size.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average sold price shown?
Assessed value for tax purposes is different from market value. The city-wide average sold price of $390k listed is for all home types and areas, not directly comparable to this specific property's tax assessment.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point to clarify with the seller or listing agent regarding finishes, permits, and the nature of the renovation.
3. Is the lack of a garage a major drawback?
This depends on the buyer's needs. The property has a large lot, so adding a garage or carport in the future may be possible, subject to local bylaws. For those who don't require indoor parking, it's a trade-off for a lower purchase price.
4. How does the living area compare to nearby homes?
At 1,085 sqft, it is slightly smaller than the average home on Tulane Bay (~1,196 sqft) and in Fort Richmond overall. This contributes to its affordability and may appeal to those seeking a more efficient, easier-to-maintain footprint.
5. Can I see the exact historical sold prices?
The listed sold price ranges are estimates from public data. The listing service offers to provide the exact sold price history via a manual email request, which they aim to fulfill by the end of the same business day.