Property Overview: 189 Dalhousie Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond is a practical, no-frills property built in 1968. With 1,155 sqft of living space and a renovated basement, it offers functional living in a well-established neighbourhood. The lot size is modest at 3,644 sqft, which translates to lower maintenance. The home lacks a garage and pool, keeping its profile simple.
Its primary appeal lies in its value and potential. The assessed value is notably low compared to area averages, which often indicates a lower property tax burden and can represent an accessible entry point into the Winnipeg market. For the right buyer, this could be seen as a canvas—a solid, basic structure in a convenient location (close to the University of Manitoba, major routes, and amenities) that allows for personalization over time.
This property would best suit first-time buyers or practical investors seeking a cost-effective foothold. It’s for those who prioritize location and fundamentals over modern finishes, and who are comfortable with a home that may require updates. The renovated basement adds valuable flexible space, making it workable for small families, roommates, or a home office setup. It’s a choice grounded in practicality rather than prestige.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessment typically reflects the home’s older age, modest size, lack of a garage, and potentially dated interior features compared to renovated or larger homes in the area. This isn’t necessarily negative, as it generally results in lower annual property taxes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or quality. It’s essential to verify the work done, including permits, moisture-proofing, and the finish level, to understand if it’s a fully livable space or a basic refurbishment.
3. Is the lack of a garage a major drawback?
This depends on your lifestyle. For some, it’s a significant inconvenience, especially in Winnipeg winters. For others, the lower purchase price and taxes offset the cost of adding a shed or using on-street parking. The lot size may allow for a future garage addition, subject to local bylaws.
4. How does the 2019 sale price relate to today’s value?
The home sold for an estimated $23.5k–$26.5k in late 2019. This historical price is useful context, but market conditions have shifted considerably since then. Current value will be driven by today’s market dynamics, the home’s condition, and any changes made since that sale.
5. The home is older—what should I be most concerned about?
While systems like the roof, furnace, and plumbing may have been updated over the years, their age and condition should be a top priority for a home inspection. For a house built in 1968, also pay close attention to the electrical system and the foundation for any signs of settling or moisture issues.