Property Overview: 163 Bayridge Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 1983-built, one-storey home in Fort Richmond presents a practical and updated living space. Its key features include a renovated basement and a detached garage. With 880 square feet of living area, the home is compact, ranking above average in age for the immediate area but below average in size compared to most homes in Fort Richmond and city-wide. The assessed value of $370,000 is around the city-wide average but sits below average for the neighbourhood, potentially indicating value within this specific market.
The primary appeal lies in its move-in readiness with a modernized basement, its manageable scale for low-maintenance living, and its location on a quiet street within a mature, established community. The lot, while smaller than many in the area at 3,335 sqft, translates to less yard work.
This property would best suit first-time buyers seeking an updated starter home without major projects, downsizers looking for a single-level layout and minimal upkeep, or pragmatic investors interested in a turnkey property in a stable neighbourhood. A thoughtful perspective is that its "below average" size and lot for the area are precisely what create its affordability and efficiency, offering the Fort Richmond location without the larger home footprint and associated costs.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 880 sqft, the living area is smaller than the average home in both Fort Richmond and Winnipeg overall, but it is closer to the average for Bayridge Avenue itself. This makes it a more compact, efficient layout.
2. Is the assessed value a good indicator of the likely selling price?
The $370,000 assessment is a municipal valuation for tax purposes. Notably, it is below the neighbourhood average, which may reflect the home’s smaller footprint. Recent nearby sales and market conditions will be more direct indicators of current value.
3. What does having a renovated basement include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or inquiry with the listing agent is necessary to understand the quality of the renovation and how the space is configured (e.g., rec room, bedroom, bathroom).
4. What are the advantages of a smaller lot?
The 3,335 sqft lot requires less time and money for maintenance like mowing, gardening, and landscaping. It can be a significant benefit for those seeking a low-maintenance lifestyle or who prefer to spend less on property upkeep.
5. The home is older; what should I consider?
Built in 1983, the home is newer than many in Winnipeg but is over 40 years old. While the basement has been renovated, it is wise to investigate the condition of major aging components during an inspection, such as the roof, windows, and major mechanical systems (furnace, water heater).