Property Overview: 126 Laval Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical opportunity. Built in 1966, its 1,312 sqft of living space and recently renovated basement offer comfortable, single-level living. The lot size of just over 6,000 sqft is notably larger than many city-wide comparables, providing good outdoor space.
The primary appeal lies in its value proposition within a mature neighbourhood. The home’s assessed value is positioned below the average for both its immediate street and the broader Fort Richmond area, which could signal an entry point into a desirable location. It suits first-time buyers or downsizers seeking a manageable, updated footprint without a premium lot price. A thoughtful perspective is that while the home itself is older, its "elite" ranking for year built on its street suggests it is among the newest on the block, potentially indicating a street of well-kept, established properties. The absence of a garage is a trade-off for the lot size, appealing to those who prioritize yard space over vehicle storage.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $360k is for municipal tax purposes. Notably, it is below the local area average, but recent sold prices on the street from late 2020 were significantly lower. The market has changed since then, so a current professional appraisal or comparative market analysis is essential.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes a separate entrance, additional bedrooms, or a legal suite.
3. How does the lack of a garage impact utility and value?
This is a key consideration for Winnipeg winters. The generous lot may allow for a future garage addition (subject to bylaws), but the upfront cost and effort would fall to the buyer. It may suit households with one vehicle or those comfortable with street parking.
4. The home is older; what should I investigate?
While the basement is updated, a 1966-built home will have aging core components. A thorough inspection should focus on the roof, foundation, plumbing, electrical systems, and windows to understand upcoming maintenance or upgrade costs.
5. What are the advantages of the Fort Richmond location?
Fort Richmond is a mature neighbourhood near the University of Manitoba, offering access to academic institutions, transit routes, and retail amenities. It typically attracts a mix of academics, students, and families seeking a stable, established community.