Property Overview & Key Characteristics
This two-storey home on a generous 4,500+ sqft lot in Fort Richmond presents a practical and well-situated opportunity. Built in 1983, its key features include a renovated basement and a detached garage. The 1,200 sqft living area ranks notably larger than most on its street, offering above-average space for the immediate area. The property’s appeal lies in its established, quiet neighbourhood setting combined with the value-add of a finished lower level, providing flexible living space. It would suit first-time buyers looking for a move-in-ready home with room to grow, or downsizers seeking a manageable property without sacrificing yard space. A thoughtful perspective is that while the home itself is of average size for Winnipeg, its lot size and street ranking suggest a premium positioning within this specific community, offering a sense of space that can be harder to find in newer subdivisions.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks in the top 12% for living area size on Bayridge Avenue, meaning it's notably larger inside than most of its neighbours. The lot size also ranks very high (top 11% on the street).
2. What is the significance of the assessed value?
The assessed value of $39,600 is for municipal tax purposes only and is not the market value or listing price. It serves as a baseline for comparing property taxes, and here it sits in the middle range for both the neighbourhood and city.
3. Is the basement renovation reflected in the assessed value?
Typically, significant renovations like a finished basement can increase a home's market value, but municipal assessments often lag behind and may not fully capture recent updates. It's an attractive feature for buyers that may not be fully quantified in the tax assessment.
4. What does the "Year Built" ranking tell me?
Built in 1983, this home is newer than about 92% of properties in Fort Richmond. This suggests it may have more modern construction standards and systems than many older homes in the area, potentially reducing immediate repair needs.
5. Who might this property not suit?
Buyers seeking a brand-new home or extensive modern open-concept living may find the 1983 layout requires updates. Additionally, those prioritizing an attached garage or a swimming pool would need to look elsewhere.