Property Overview: 2 Miami Place, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and grounded offering. Built in 1973, it features 1,389 sqft of living space and a renovated basement, with the convenience of an attached garage. Its standout feature is the 7,461 sqft lot, which is notably larger than many city-wide and neighbourhood comparables, offering valuable outdoor space and potential.
The home’s appeal lies in its balance and straightforward value. While the living area is average for its immediate street and the wider city, the property holds two distinct advantages: a very generous lot and a below-average assessed value for its specific street, which can be attractive from a property tax perspective. It suits buyers looking for a solid, no-fuss family home in a established neighbourhood, particularly those who prioritize private outdoor space over a larger interior footprint. It would also be a sensible fit for someone seeking a manageable single-level layout with the finished flexibility of a basement, without the premium price tag of a newer or highly updated property.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around average for Fort Richmond but is actually below average when compared directly to its neighbours on Miami Place. City-wide, it ranks above average. This suggests it may offer relative value within its immediate location.
2. Is the lot size a significant feature?
Yes. The land area of over 7,400 sqft is a key asset. It places in the top 24% in Fort Richmond and the top 14% city-wide, meaning it provides more yard space than most comparable properties—a perk for gardening, play, or future expansion.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This is a key point to clarify with the seller or agent to understand the finish quality, layout, and whether it includes a separate entrance or legal suite potential.
4. The home was last sold in late 2021. What was the price?
The public data shows a sold price range from that period. For the exact historical sale price, you can request it directly via the provided email service on the listing page.
5. As a one-storey home from 1973, what should I consider?
The bungalow style offers main-floor living convenience. Given its age, a thorough inspection of major systems (roof, plumbing, electrical, foundation) is advisable. However, its year built is typical for the neighbourhood and slightly newer than the Winnipeg city average.