Property Overview
19 Lafayette Bay is a renovated bi-level home in Winnipeg's Fort Richmond neighbourhood. Built in 1970, it sits on a 6,380 sqft lot and features 818 sqft of living space with an attached garage and a renovated basement.
Its primary appeal lies in its balance of a renovated interior, a larger-than-average city lot, and a very manageable assessed value that is consistent with its immediate area. The home’s living space is notably compact, ranking in the top 3% for smallest homes locally, which suggests efficiency over size. This isn't a sprawling property, but a practical one. The renovated basement adds functional living space, making the overall footprint more livable than the main floor square footage alone might indicate.
This property would suit first-time buyers or downsizers seeking a low-maintenance, updated home in a well-established neighbourhood without a premium price tag. It’s also a sensible fit for value-focused investors or buyers who prioritize land size and renovation quality over sheer interior square footage.
Frequently Asked Questions
1. Is the living area too small?
At 818 sqft, the above-ground living area is significantly below the neighbourhood average. However, the inclusion of a renovated basement effectively expands the usable space. Buyers should consider their space needs carefully, but the layout may be efficient for individuals, couples, or small families.
2. How does the assessed value compare?
The home’s assessed value is very typical for Lafayette Bay and Fort Richmond, ranking near the middle of the pack. This indicates it is priced in line with area norms, not over- or under-valued based on municipal assessment.
3. What is the significance of the lot size?
While the lot is average for the street, it ranks above average citywide. This means you’re getting more outdoor space than in many parts of Winnipeg, offering good potential for gardening, recreation, or future expansion, which is a notable asset for a home of this size.
4. What can recent sale history tell me?
The home sold in late 2019 for between $305,000 and $335,000. Market conditions have changed since then, but this provides a historical anchor point. For the exact sale price, you can request details via email from the listing source.
5. Who are the typical neighbours?
The home is on a mature street with similar-aged properties. The consistent assessed values and year-built data for nearby homes suggest a stable, established community without extreme variation in property styles or values.