Property Overview: 14 Millikin Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 1973 bi-level home in Fort Richmond presents a practical and affordable entry point into the Winnipeg market. Its key characteristics include a renovated basement, an attached garage, and a living area of 955 sqft, which is compact compared to many local homes. The lot size of 6,598 sqft is a notable asset, offering above-average outdoor space citywide.
The primary appeal lies in its value proposition. With an assessed value significantly below the citywide average, it represents a lower barrier to entry, particularly for first-time buyers or investors. The renovated basement adds functional living space, and the large lot provides room for gardening, play, or future expansion. Its location on a quiet street within a mature neighbourhood adds to its grounded, family-friendly feel.
This property would best suit buyers prioritizing lot size and renovation potential over immediate square footage. It’s a practical match for a first-time homebuyer comfortable with a cozy main floor layout, a hands-on owner who might see value in the generous yard, or an investor looking for a manageable rental property in a stable area.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 955 sqft, the above-ground living area is modest, especially compared to newer builds. However, the renovated basement effectively doubles the usable space, making the overall footprint more practical for a small household.
2. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes and is often lower than market value. The last known sale was in 2020. For a current market price, consultation with a local realtor and a review of recent comparable sales in Fort Richmond is essential.
3. What are the advantages of a larger lot?
The lot is a standout feature. It offers more privacy, space for recreation or storage, and potential for additions like a shed, deck, or even a future expansion, subject to zoning bylaws.
4. What does "below average" for living area in the neighbourhood mean?
It means most homes on Millikin Road and in Fort Richmond are larger. This isn’t necessarily a drawback—it often translates to a lower purchase price and lower utility costs, which can be a strategic trade-off for the right buyer.
5. Is a bi-level layout suitable for everyone?
The split-entry design means you have stairs immediately upon entering. This can be less ideal for those with significant mobility concerns but often provides a clear separation between living/sleeping areas and the basement recreation space.