Property Overview
This two-storey home at 22 St Edmund's Bay in Fort Richmond offers a blend of space, location, and established value. Its key appeal lies in its generous proportions, both indoors and out, within a mature and convenient Winnipeg neighbourhood.
Key Characteristics & Ideal Buyer
The home's primary strength is its above-average size. With nearly 2,000 sqft of living space, it ranks in the top 7% for area on its own street and offers more room than most comparable homes in the city. This is complemented by a large, private lot over 8,000 sqft, placing it in the top 11% citywide for land area. The property features an attached garage and a renovated basement, adding functional living space. Built in 1971, it is a typical, well-maintained home for the area.
Its appeal is grounded in offering substantial room for a growing family or those who value outdoor space, without the premium price tag of a newer, similarly sized property. The assessed value is consistently above average for the city, suggesting stable municipal valuation. It would suit practical buyers looking for a long-term family home in a settled neighbourhood like Fort Richmond, who prioritize interior and exterior space over a brand-new build. A thoughtful perspective is that while the house itself is of average age for the area, the lot size is a significant and less replaceable asset that provides lasting value and potential.
Frequently Asked Questions
1. How does this home’s size compare to others?
It is notably larger than most. The living area is in the top 12% citywide, and the lot is in the top 11%, meaning it offers more space both inside and out than the vast majority of comparable Winnipeg homes.
2. What is the neighbourhood like?
Fort Richmond is an established, family-oriented community in Winnipeg. The property data shows the home is typical for the area in age and value, indicating a stable, mature neighbourhood without extreme outliers.
3. Has the basement been finished?
Yes, the basement is noted as being renovated, which adds to the functional living space of the home.
4. Is the assessed value a good indicator of the selling price?
The assessed value ($443,000) is a municipal valuation for tax purposes. The home last sold in late 2023 for an estimated range of $455,000-$485,000, which is a more relevant recent market indicator. Exact historical sold prices are available by request from the listing source.
5. What are the property’s main advantages?
The two clear advantages are spaciousness (both in home and lot size) and location within a established neighbourhood. The lot size, in particular, is a standout feature that offers privacy and room for outdoor activities or gardening.