Property Overview: 167 Bayridge Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 1983 bi-level home at 167 Bayridge Avenue presents a practical and affordable entry point into Winnipeg’s Fort Richmond neighbourhood. Its key characteristics include a compact 760 sqft living area, a renovated basement, and a detached garage, all situated on a modest 3,222 sqft lot. The home’s assessed value is notably below average for its immediate street and neighbourhood, yet aligns closely with the citywide median, suggesting a competitively priced offering.
The primary appeal lies in its value proposition and low-maintenance footprint. It suits first-time buyers seeking a starter home with immediate livability, or investors looking for a rental property with a manageable scale. The renovated basement adds functional space, a significant plus for a home of this size. A thoughtful perspective is that while the lot size is smaller than most in the area, it translates to less yard work and lower exterior maintenance costs—an advantage for those prioritizing efficiency and simplicity. Its above-average ranking for year built on its street indicates it is relatively newer than its direct neighbours, which can be a positive for systems and structure.
Frequently Asked Questions
1. Is the living space too small?
At 760 sqft, the living area is compact. It is well-suited for individuals, couples, or small families comfortable with efficient living. The renovated basement provides crucial additional space for storage, a home office, or recreation.
2. Why is the assessed value lower than the neighbourhood average?
The assessed value reflects factors like the home’s smaller square footage and lot size compared to Fort Richmond averages. This results in a lower property tax base, which is a key part of the home’s affordability.
3. What does the sold price history indicate?
Public data shows a sale in June 2020 in the $29.5k-$32.5k range. For the exact sold price, you can request details via email from the listing source. This history provides a benchmark for market activity.
4. What are the benefits of a bi-level design?
Bi-levels typically offer good separation of living and sleeping areas. This layout can provide a sense of distinct spaces within a smaller overall footprint, with the basement level often feeling integrated rather than fully subterranean.
5. How does the lot size impact future potential?
The lot is smaller than typical for the area, which may limit expansion possibilities like large additions. However, it also means less ongoing maintenance. Any outdoor upgrades would focus on maximizing utility and privacy within a cozy setting.