Property Overview: 11 Laval Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1965, situated on a modest lot in the established Fort Richmond neighbourhood. Its key characteristic is its efficiency: with just over 1,000 square feet of living space and a renovated basement, it offers the essentials without excess. The home lacks a garage and pool, positioning it as a straightforward, lower-maintenance property.
The primary appeal lies in its value and location. The assessed value is notably below the neighbourhood average, suggesting a potentially accessible entry point into the market. Fort Richmond is a mature area with amenities and services, offering a practical, no-frills lifestyle. This home would suit first-time buyers seeking affordability, downsizers looking to simplify, or pragmatic investors interested in a rental property with fundamentals in place. A less obvious perspective is that its smaller scale and lot could mean lower utility costs and less time spent on upkeep, appealing to those prioritizing time and financial efficiency over space.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others in the area?
At 1,012 sqft, the living area is below average for both Laval Drive and the wider Fort Richmond neighbourhood. It is a compact home, which is reflected in its ranking among local properties.
2. Is the assessed value typical for this area?
No, the assessed value of $36,600 is below the average for Fort Richmond. This is a defining feature of this listing and may indicate a different valuation approach or property condition compared to area norms.
3. What does the sold price history indicate?
Public records show it last sold in October 2020 for an estimated range of $33,500 to $36,500. For the exact historical sold price, you can request details via email from the listing source.
4. What are the less obvious considerations for a home of this age?
Built in 1965, major systems like roofing, plumbing, or electrical may be at or beyond their typical service life. While the basement is noted as renovated, a thorough inspection of the core structure and updates would be prudent.
5. How does the land size impact potential?
The lot of 5,571 sqft is smaller than most on the street and in the neighbourhood. This limits potential for large additions or extensive outdoor amenities but also reduces yard maintenance responsibilities.