Property Overview: 11 Vassar Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a study in solid value and potential. Built in 1969, its primary appeal lies not in being the newest, but in offering a well-proportioned package on a generous lot. With 1,470 sqft of living space, it sits comfortably around the average for the area, but it distinguishes itself with a notably large, 7,509 sqft lot—placing it in the top 20% on its street and top 13% citywide. This above-average outdoor space is a significant asset for privacy, gardening, or future expansion.
The home’s renovated basement adds functional living space, and its attached garage provides practical convenience. The assessed value is a standout feature, ranking in the top 10% on Vassar Road and top 11% in Fort Richmond, suggesting the property is viewed favorably relative to its peers, which could be due to its condition, lot size, or location.
This property would suit a practical buyer who values space over flash. It’s ideal for someone looking for a manageable single-level layout with the bonus of a developed basement, or for a buyer who sees the large lot as a long-term asset—whether for enjoying now or for its future development potential. It represents a grounded choice in a mature neighborhood.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates that the municipal assessment for this home is higher than most comparable properties in its immediate area and across Fort Richmond. This often reflects desirable attributes like lot size, renovations, or location within the neighborhood, but it’s important to distinguish assessed value (for taxes) from current market value.
2. Is the living space sufficient for a growing family?
At 1,470 sqft across the main floor and renovated basement, the home offers functional space. The single-storey main floor layout may require thoughtful organization for a family, but the basement provides crucial extra room for recreation or guests.
3. What are the implications of the larger-than-average lot?
Beyond more yard space, a larger lot in a mature neighborhood like Fort Richmond can offer greater privacy from neighbors, more landscaping possibilities, and could be a factor in future resale value or redevelopment potential, subject to local zoning.
4. As one of the older homes on the street, what should I consider?
While the systems and structure of a 1969 home will be older, this can sometimes mean simpler, more robust construction. A key focus would be on the condition and age of major updates, such as the roof, windows, heating system, and the specifics of the basement renovation (e.g., moisture proofing).
5. How does the sold price history from 2016 relate to today’s value?
The sold price from nearly a decade ago provides context for the property’s history but does not reflect current market conditions. It’s most useful for understanding long-term trends in the area rather than for determining a present-day offer price.