Property Overview: 168 Linacre Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond offers a practical and grounded opportunity. Built in 1973, its key strength lies in its generous 7,686 sqft lot, which places it in the top 20% for land size on its street and top 13% city-wide. This presents significant outdoor potential, from gardening to expansion, on a parcel larger than most in Winnipeg. The living area is a comfortable 1,377 sqft, and the home features a renovated basement and an attached garage.
Its appeal is rooted in value and potential within a mature neighbourhood. While the house itself is smaller than others on Linacre Road, its assessed value of $470k is above average for both Fort Richmond and the city, suggesting the lot and location are strong value drivers. The renovated basement adds immediate functional living space. This property would suit a buyer looking for a solid footprint in a established area—someone who values a large yard over a large house and may see potential in the existing structure, whether for comfortable living as-is or for future updates.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,377 sqft, the living area is below average for Linacre Road itself but is very close to the city-wide average for comparable homes. The generous lot size significantly compensates, offering space that is rare for the area.
2. What does the above-average assessed value indicate?
An assessed value that ranks above average for the wider area typically reflects desirable attributes like location, lot size, and improvements (like the renovated basement). It suggests the property is viewed as a premium offering within its market segment.
3. Is a 1973-built home a concern?
The year of build is actually newer than most on the street and around average for the city. While systems like roof, windows, and plumbing will be due for inspection, the age indicates a home from a period of solid construction, situated in a long-established, stable neighbourhood.
4. Who would this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts or those who prioritize a large interior footprint over outdoor space might find other homes more suitable. It’s ideal for those who appreciate the character and lot size of an older neighbourhood.
5. What is the potential here?
The primary potential lies in the combination of a renovated basement and a very large lot. This allows for flexible use of outdoor space and provides a foundation where future expansions or landscaping projects could significantly enhance both livability and value.