Property Overview
This one-storey home at 2 Wadham Bay in Fort Richmond presents a solid, well-maintained option in a mature Winnipeg neighbourhood. Built in 1971, it features 1,232 sqft of living space, an attached garage, and a renovated basement on a spacious 6,814 sqft lot. Its assessed value is notably above average for its immediate street.
The appeal lies in its practical layout and established location. The renovated basement adds functional living space, a significant advantage for a one-storey design. The lot size is a standout feature, offering above-average outdoor space citywide, which is a relative rarity. This home suits first-time buyers seeking a move-in-ready property without a major project, downsizers looking for single-level living with room for family visits, or pragmatic investors attracted to a stable, in-demand area with consistent value.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The assessed value of $42,600 ranks in the top 26% on its own street, indicating it is viewed as a above-average property in its immediate peer group. It sits around the average mark for the broader Fort Richmond area and citywide.
2. Is the lot size a significant feature?
Yes. While the lot is around average for the street and neighbourhood, it ranks in the top 19% citywide. This means you get more outdoor space than most Winnipeg properties, offering greater potential for gardening, expansion, or simply more privacy.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent to understand the finish quality, room layouts, and whether any permits were obtained for the work.
4. What is the typical price history for this home?
Public data shows it last sold between $36,500 and $39,500 in September 2021. The exact sold price is available upon request from the listing source. This history suggests steady value appreciation in recent years.
5. Who might this property not suit?
It may not suit buyers seeking a brand-new build or extensive modern open-concept layouts typical of newer homes. As a one-storey home from the 1970s, its room proportions and flow will reflect its era. It also does not have a pool, which could be a drawback for some.