Property Overview
This two-storey home at 22 Michigan Avenue in Fort Richmond offers a practical blend of space and location. Its key appeal lies in its generous 2,201 sqft of living area, which places it well above average for the neighbourhood and city, providing ample room for a growing family or those who value spacious interiors. A renovated basement adds functional living space. While the lot is slightly smaller than others on the street, it remains a good size city-wide. Built in 1977, the home is relatively newer than many in Winnipeg. The property’s assessed value is consistently above average for the area, suggesting solid inherent value. It does not have a garage or pool.
This home would suit buyers looking for a move-in ready, spacious family home in a established neighbourhood without the premium price tag of a new build or a massive lot. It’s particularly well-matched for those who prioritize interior square footage over expansive outdoor space and appreciate a home that has been updated, as seen with the basement renovation.
Frequently Asked Questions
Is the smaller lot size a significant drawback?
While the lot is below average for Michigan Avenue, it is still a good size compared to the city-wide average. This could mean less yard maintenance, which is a plus for some buyers, though it may offer less privacy or room for large additions compared to immediate neighbours.
What does the above-average assessed value indicate?
A consistently above-average assessment for the neighbourhood suggests the property has features or conditions that the city assessor deems valuable relative to others. This often correlates with market value, but it's not a direct guarantee of sale price. It does indicate the home is likely not undervalued.
The home sold in 2021 and again in 2018. Is that a concern?
The recent sales history shows turnover, but the sold price metrics indicate it performed well against area averages at those times. It’s not unusual for family homes in in-demand neighbourhoods to sell every few years due to life changes. A review of the exact sale prices and conditions would provide clearer context.
How does the lack of a garage affect daily life and value?
For many buyers in this price range, a garage is a desired feature for vehicle protection and storage. Its absence may be reflected in the value and will require alternative parking and storage solutions. This is a key point to consider for those with multiple vehicles or significant storage needs.
Are the "above average" size rankings misleading for an older home?
Not necessarily. The rankings show the home’s living area is larger than most homes in its comparison groups, including newer ones. This highlights that this 1970s build offers more interior space than many contemporary homes, which is a lasting and desirable asset.