Property Overview
15 Newcastle Road is a well-maintained, one-storey home in Winnipeg's Fort Richmond neighbourhood. Built in 1973, it features 1,091 sqft of living space and sits on a generous 7,558 sqft lot. The home includes a renovated basement but does not have a garage or pool. Its assessed value is notably below average for its immediate street and area, yet it holds a larger-than-average lot size for the city.
Section 1: Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space and value. The renovated basement adds functional living area, while the very large lot presents a standout opportunity for gardening, expansion, or simply enjoying ample private outdoor space—a feature that is increasingly rare citywide. Its assessed value is positioned below many comparable homes in Fort Richmond, suggesting potential value for a buyer.
This home would suit a first-time buyer or a downsizer looking for solid fundamentals without a premium price tag. The single-storey layout offers ease of living, and the mature neighbourhood provides stability. A thoughtful buyer might see the below-average assessment not just as a reflection of its modest size, but as a manageable entry point into a desirable area with the added long-term benefit of a substantial land parcel.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the home's more modest square footage compared to others on the street. It can represent a value opportunity, especially when combined with the above-average lot size and recent basement renovation.
2. What are the implications of not having a garage?
This means parking and storage will require planning. The large lot could allow for the future addition of a garage or shed, subject to local bylaws and permits, which may be an attractive project for some buyers.
3. How does the lot size compare practically?
At over 7,500 sqft, the lot is significantly larger than the Winnipeg average (~6,570 sqft). This translates to more backyard space, greater distance from neighbours, and possible flexibility for future outdoor amenities or landscaping.
4. The home sold in 2023. What does that recent sale indicate?
The sale two years ago suggests the current market price is likely informed by relatively recent conditions. A buyer should investigate what, if any, updates have been made since that sale to understand the present value.
5. Who typically buys in this part of Fort Richmond?
Fort Richmond is popular with university staff, students (due to proximity to the University of Manitoba), and families attracted to the area's schools and parks. This home's specific layout and size may appeal more to individuals, couples, or small families than to larger households.