Property Overview: 215 Fortier Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by a significant contrast between its land and living space. Its most standout feature is the generous 7,280 sqft lot, which ranks in the top 3% on its street and well above averages for the neighborhood and city. This offers substantial outdoor potential, from gardening to expansion. The house itself is a compact 602 sqft bungalow built in 1947, making it notably smaller and older than most surrounding properties in River East. The assessed value of $287k is below area averages, reflecting this compact size and vintage.
The appeal lies in a clear value proposition: a lower entry price for a large, established lot in a mature neighborhood. It suits a specific buyer: those prioritizing land over living space, such as downsizers seeking minimal indoor upkeep with room for a patio or garden, or investors/visionaries who see potential for a future rebuild or addition. It is less suited for those needing immediate, move-in-ready spaciousness.
Frequently Asked Questions
1. Why is the assessed value below average?
The assessed value reflects the property’s physical characteristics. The below-average valuation is primarily due to the home’s significantly smaller living area (602 sqft) and older construction date (1947) compared to neighborhood norms.
2. What are the main advantages of this property?
The primary advantage is the lot size, which is exceptionally large for the street and area. This provides privacy, outdoor space, and future potential that is uncommon at this price point in a mature neighborhood.
3. Who would this property be a good fit for?
It would suit practical buyers who value land and location over interior size, such as downsizers, or those with longer-term plans who are comfortable with a modest, vintage home or a future renovation project.
4. How does the living area compare to nearby homes?
The living area is substantially smaller. It ranks at the very bottom compared to homes on its street and in the wider River East area, where average living spaces are nearly double or more in size.
5. Can I find out the exact historical sold price?
The available public data shows a sold price range between CA$200k-$250k in January 2017. For fully verified and exact transaction figures, you can request a manual lookup by email through the listing site.