Property Overview
This single-storey home at 15 Richardson Avenue in Winnipeg's Garden City neighborhood presents a practical opportunity with a distinct advantage. Its key appeal lies in the generous 6,664 sqft lot, which is notably larger than most in the immediate area and ranks in the top 3% on its street. The house itself, built in 1958, is of average size for the neighborhood at 1,083 sqft and features a renovated basement and a detached garage. With an assessed value of $340k that sits around the average for its locale, it represents a grounded entry point into the market.
The property would suit first-time buyers or downsizers looking for a manageable single-level layout with immediate renovation work already addressed in the basement. Its true potential, however, is for the long-term planner or hobbyist who values outdoor space. The lot size offers room for future expansion, a sizable garden, or simply more privacy than is typical for the area—a feature that is increasingly rare and cannot be replicated. It’s a home that offers standard living quarters today with the land to support a more customized lifestyle tomorrow.
Frequently Asked Questions
How does the lot size compare to nearby properties?
The land area is a standout feature. At over 6,600 sqft, it is significantly larger than the average lot on Richardson Avenue and ranks in the top 20% citywide, offering more outdoor space than most comparable homes.
Is the home’s size typical for Garden City?
Yes. The living area is just below the neighborhood average, making it a standard-sized home for the area. It provides a comfortable footprint without being overly large, aligning with common expectations for the community.
What is the significance of the "renovated basement"?
While specific finishes aren't detailed, this indicates that a major system or living space below grade has been updated. This can be a practical advantage, potentially reducing immediate renovation costs and adding functional living or storage space.
How current is the assessed value?
The $340k assessment is a government valuation for tax purposes and can be a benchmark. It is consistently around the average for the street, neighborhood, and city, suggesting the property is priced in line with its market context. The last recorded sale was in late 2022.
What are the implications of a 1958 build date?
Built during a period of solid construction in Winnipeg, the home's age is typical for the street but slightly older than the Garden City average. This suggests that while the structure is proven, buyers should prioritize inspections for era-specific components like original plumbing or electrical, which may need attention even with a renovated basement.