Property Overview: 15 Ryerson Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home presents a practical opportunity. Built in 1973, it’s a one-storey house with a renovated basement and a detached garage, situated on a notably generous lot of over 7,000 square feet. The living space of 1,065 sqft is compact but efficiently laid out for its era.
The primary appeal lies in its land value and location. The lot size is a standout feature, ranking in the top 20% on its own street and top 15% city-wide, offering ample outdoor space and future potential that is increasingly rare. While the home’s interior square footage is modest compared to immediate neighbours, its assessed value is consistent with the local area, suggesting a fair entry point into the market. A thoughtful perspective is that this property may suit someone who values outdoor space over expansive indoor living areas, or a buyer comfortable with a home whose value is more anchored in its land than its current structure. It would likely suit a first-time homebuyer, a downsizer looking for manageable single-level living with a large yard, or an investor recognizing the long-term value of a sizable lot in an established neighbourhood.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,065 sqft, the living area is below the current average for both Fort Richmond and its specific street. This indicates a more compact, efficient layout rather than a sprawling one.
2. What is the significance of the large lot size?
The 7,198 sqft lot is a key asset. It provides exceptional private outdoor space, potential for gardening, expansions, or additions (subject to zoning), and typically holds value well.
3. The sold price history shows a range for 2022. Why isn’t it exact?
Exact sale prices in Manitoba are not publicly posted online. The provided range is based on available assessment and market data. The precise figure can be requested directly from the listing service.
4. The home was built in 1973. What should I consider?
While the basement has been renovated, the core structure is over 50 years old. A thorough inspection of the roof, foundation, wiring, and plumbing is essential to understand the condition and any upcoming maintenance typical for homes of this vintage.
5. How does its assessed value compare?
Its assessed value is around the average for its street and Fort Richmond, but ranks in the top 38% city-wide. This suggests the property is valued consistently within its desirable neighbourhood context.