Property Overview: 19 Ryerson Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical and spacious living opportunity. Built in 1972, it features 1,605 sqft of living space and sits on a generous 7,198 sqft lot, with an attached garage and a renovated basement. The home’s standout appeal lies in its strong comparative metrics: it offers more living space and a larger lot than most homes on its street and in the wider area. Notably, its assessed value ranks in the elite top 5% on Ryerson Avenue, suggesting it is viewed as a premium property within its immediate locale.
This property would suit buyers looking for solid value and space in a mature neighbourhood. It’s ideal for those who prefer single-level living or are planning for long-term accessibility, and the renovated basement adds valuable flexible space for a growing family, a home office, or guests. The above-average lot size is a significant asset for privacy, gardening, or future expansion, offering a less obvious but substantial benefit over many neighbouring properties.
Frequently Asked Questions
What does the assessed value ranking actually mean?
The home’s assessed value is in the top 5% on its own street, meaning it is officially valued higher than 95% of its direct neighbours. This typically reflects the property’s condition, improvements, and desirability within the micro-market of Ryerson Avenue.
Is the living space all on one floor?
Yes, the home is described as a “One Storey” building. The 1,605 sqft of living area is primarily on the main floor, with additional finished space provided by the renovated basement.
How does the lot size compare to a standard city lot?
At 7,198 sqft, the lot is significantly larger than the Winnipeg city-wide average of about 6,570 sqft. This places it in the top 15% city-wide for land area, offering more outdoor space than most homes.
The home was last sold in 2017. What was the price?
The exact sold price is not publicly listed. Available data indicates a range of approximately $38.50k to $41.50k for the October 2017 sale. The current assessed value is $46.30k.
What are the implications of the home’s age?
Built in 1972, the home is typical for the area. While the structure itself is mature, the renovated basement indicates updates have been made. Buyers should consider a thorough inspection to understand the condition of major aging components, like the roof, windows, and plumbing, which is standard for any home of this vintage.