Property Overview
115 Valence Avenue is a well-maintained one-storey home in Fort Richmond, built in 1976. It features an attached garage and a renovated basement. The home stands out for its above-average living space (1,526 sq ft) and a notably high assessed value relative to its street and neighborhood, suggesting it has been updated or is in superior condition. While the lot size is slightly smaller than others on the street, the home itself ranks highly in key metrics like living area, year built, and value for its immediate area. Its appeal lies in offering move-in-ready space in a mature neighborhood, with the renovation work already completed. This property would suit practical buyers looking for a single-level layout, those who value a home with modernized fundamentals over a large yard, and investors or homeowners attracted by a strong assessed value that indicates a solid history of maintenance and upgrades.
Key Details & Questions
What are the key features of the home?
This is a one-storey (bungalow) home with an attached garage and a renovated basement. The living space is notably larger than many comparable homes in the area.
How does it compare in size and value to nearby properties?
The home ranks in the top quarter for both living area and assessed value on its own street and in Fort Richmond. This means it offers more interior space and holds a higher value assessment than most of its neighbors. The lot, however, is somewhat smaller than others on Valence Avenue.
What does the sold price history indicate?
Public records show it last sold between late 2021 and early 2022. The sale price range from that period aligns with its current above-average assessed value, indicating a history of value retention.
Is the year built a concern?
Built in 1976, this home is newer than most on its street and in Winnipeg overall. While major components like the roof and mechanical systems will be age-appropriate, its relative newness for the area can be a positive factor for longevity and modern layouts.
Who would this home be a good fit for?
It's an excellent fit for buyers seeking the convenience of single-level living, those who prefer a renovated space without immediate projects, and savvy purchasers who recognize the value in a home that outperforms its immediate peers in key metrics like space and assessment.