Property Overview
This two-storey home on a large, quiet lot in Richmond West presents a compelling opportunity. Built in 2004, it stands out for its generous proportions, ranking in the top tier of the neighbourhood and city for both living space (over 3,000 sqft) and lot size (nearly 10,000 sqft). Its appeal lies in the rare combination of a modern build year with expansive room to grow, offering a solid foundation for a family. The attached garage and existing basement—present but not renovated—add practical value.
The property is ideally suited for buyers who prioritize space and future potential over immediate turn-key perfection. It would fit a growing family needing room to spread out, or a visionary buyer looking to customize and add value over time, whether through landscaping the sizable yard, finishing the basement, or updating the interior. Its high percentile rankings for assessed value suggest it is a substantial property within its market, appealing to those seeking a long-term home in a well-regarded area.
Frequently Asked Questions
1. What does the "not renovated" basement condition mean?
The basement is present and usable but has not been professionally finished. It offers blank-canvas potential for future development to suit a new owner's needs, whether for recreation, storage, or additional living space.
2. How significant is the lot size?
At nearly 10,000 square feet, the lot is exceptionally large for a 2004 build in this area. This provides uncommon privacy, space for outdoor activities, gardens, or future additions like a deck or patio, setting it apart from newer homes on smaller parcels.
3. The assessed value seems low compared to the home's size. What does this indicate?
The assessed value is for municipal tax purposes and is not the market price. Its high percentile rank (top 3% in Winnipeg) confirms this is a high-value property relative to others. The market price will be influenced by current conditions, the home's interior condition, and its significant square footage.
4. What is the neighbourhood like?
Richmond West is a mature, established neighbourhood. The high rankings for this property relative to its street and area suggest it is among the larger, newer, and more valuable homes in a desirable community, often appealing to families.
5. What are the immediate next steps for a new owner?
Given the basement state and the home's age (22 years), a prudent plan would include a thorough inspection of major systems (roof, HVAC) and potential cosmetic updates. The priority would be balancing any necessary maintenance with the opportunity to personalize the significant living space and land.