Property Overview: 206 Fortier Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 206 Fortier Avenue in River East presents a compelling blend of space, modern construction, and value. Its most standout feature is its generous 1,660 sqft living area, which ranks in the top 1% of the neighborhood and top 4% city-wide, offering significantly more room than typical Winnipeg homes. Built in 2011, it is notably newer than most homes in both the city and its immediate area, suggesting modern building standards and potentially lower maintenance needs in the near term.
The appeal lies in this combination of ample space and contemporary age at an assessed value that sits below the current neighborhood average. This creates an opportunity for buyers seeking a spacious, relatively new home without the premium price tag often found in River East. It would particularly suit growing families who need the room but are budget-conscious, or value-driven buyers looking for a modern footprint that they can personalize. A less obvious perspective is that its "below average" valuation for the neighborhood could indicate room for equity growth as the property catches up to area norms, especially given its superior size.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is $296k, which is below the River East neighborhood average. Market value can differ, but this assessment suggests a potentially attractive entry point into the area. For precise current market valuation, consulting a local real estate agent is recommended.
2. What does the living area ranking actually mean for me?
Ranking in the top 1% in River East for living area means this home is larger than 99% of comparable properties in the neighborhood. You are getting a home with space that is rare for the area, which is a significant advantage for comfort and resale.
3. The home sold in 2016. Why is that price data presented as a range?
For privacy and data licensing reasons, exact historical sold prices are not publicly displayed. The available data indicates it sold between $250,000 and $300,000 in 2016. The site offers a manual lookup service to obtain the exact figure via email.
4. Is a 2011 build date considered "new" in this context?
Yes. With a city-wide average build year of 1990 and a neighborhood average of 2014, this 2011 home is well above average for Winnipeg and on par with its street. It represents a modern construction compared to much of the city's housing stock.
5. The value ranks lower in the neighborhood than in the city. Is that a concern?
Not necessarily. It indicates that River East is a higher-value neighborhood overall. This property offers a way to access that desirable location with a valuation that is still above the Winnipeg average, potentially providing more home for your money within the community.