Property Overview: 18 Newcastle Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical and comfortable living opportunity. Built in 1973, its key features include a renovated basement, an attached garage, and a notably generous 7,346 sqft lot, which is larger than most city-wide and area comparables. With 1,232 sqft of living space, the home itself is slightly more compact than some neighbours but offers efficient, single-level living.
The appeal lies in its solid, no-fuss foundation and the value of its land. The renovated basement adds functional living space, while the large lot provides ample outdoor privacy and potential—a relative rarity in the city. Its assessed value positions it as a middle-of-the-market option in the area. This property would suit first-time buyers looking for a manageable, updated starter home without a huge yard to maintain, or downsizers seeking the convenience of a bungalow with a low-maintenance exterior and the bonus of a finished lower level. A thoughtful perspective is that while the home's footprint is modest, the lot size offers a tangible asset for future enjoyment or value appreciation that isn't immediately obvious from the street.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,232 sqft, the living area is slightly below the average for homes on Newcastle Road itself, but it is very close to the city-wide average for comparable properties, making it a typically sized bungalow.
2. What does the "Elite" ranking for Year Built mean?
This indicates that, specifically on Newcastle Road, this 1973-built home is among the newest in its immediate peer group. In the broader context of Fort Richmond and Winnipeg, however, its build year is around the neighbourhood and city average.
3. Is the large lot typical for the area?
The lot is above average. It ranks in the top 29% on its own street and the top 14% city-wide, meaning it offers more outdoor space than most comparable Winnipeg properties.
4. What is the significance of the sold price history shown?
The listed sold price range from September 2024 provides a recent market benchmark. The "Top 5%" ranking for that sale suggests it was a competitive price point compared to similar street-level sales at the time.
5. How current is the assessed value, and how is it used?
The assessed value of $420k is used for calculating municipal property taxes. It is an estimate by the municipal authority and is typically updated periodically; it may differ from a home's current market value, which is determined by what a buyer is willing to pay.