Property Overview: 14 Macalester Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1967, offers a practical and spacious layout in the established Fort Richmond neighbourhood. With 1,783 sqft of living space, it sits comfortably above average in size for its street, area, and city-wide, providing more room than many comparable homes. The property features a renovated basement and a detached garage on a standard 6,597 sqft lot.
Its primary appeal lies in its proven, efficient use of space and its position in a mature community. The home isn't the newest on the block, but its 1967 build date is actually among the older 10% on Macalester Bay, suggesting a street with well-settled character and likely larger, established lots. While its assessed value is around the average for the area, the recent sale history indicates strong market interest and value growth.
This property would suit buyers looking for a solid, no-fuss family home in a quiet neighbourhood, who value space over flashy updates. It’s ideal for someone who appreciates the stability of an older community and is possibly willing to take on a home that, while maintained, may require modernizations to suit contemporary tastes. It represents a pragmatic choice in the market—not a standout luxury property, but a notably spacious and well-located one.
Section 2: Frequently Asked Questions
1. How does the home’s age impact its value and condition?
Built in 1967, the home is older than over 70% of homes in Fort Richmond. This typically means major systems (roof, windows, plumbing) may need evaluation or updating, but it also often comes with more generous room proportions and mature landscaping not found in newer subdivisions.
2. The assessed value seems low compared to the recent sold price. Why?
The assessed value of $42.4k is for municipal tax purposes and is not a reflection of market value. The recent sale in March 2025 for between $50.5k and $53.5k is the true market indicator. The significant increase from its 2016 sale price shows strong appreciation.
3. What does the "Top 18%" ranking for living area actually mean?
This statistic means the home’s interior square footage is larger than 82% of comparable homes city-wide. It’s a key strength, indicating you get more physical space for your money here than in most of the Winnipeg market.
4. Is the lot size a pro or a con?
At 6,597 sqft, the lot is above average city-wide but slightly smaller than the average on its own street. It provides ample backyard space for a family but may not be the largest lot in the immediate vicinity.
5. What can nearby "similar assessed value" properties tell me?
The listed properties with identical assessed values ($42.4k) are in different neighbourhoods like Elmhurst and Varsity View. This suggests that, for tax purposes, this home is considered to provide similar utility/value as homes in those areas, offering a useful point of comparison for cross-neighbourhood shopping.