Property Summary: 23 Thornhill Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and spacious property built in 1976. Its primary appeal lies in its above-average living space (1,445 sq ft) compared to similar homes on its street and in the wider area, offering more room than many peers. The home features a renovated basement, adding to its functional living area. It sits on a 6,160 sq ft lot, which is a generous size city-wide, though slightly smaller than the average for Fort Richmond.
The property’s assessed value is notably below average for its immediate street, which could signal an opportunity for value-conscious buyers or those looking in this specific neighbourhood. It suits buyers seeking a single-level layout with a renovated lower level, who prioritize interior space over a large garage (this property has none) or a pool. It’s a grounded choice for a first-time homeowner, a downsizer, or an investor looking at the Fort Richmond area, particularly for those who see potential in a home that is competitively valued within its own micro-market.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in August 2022 for an estimated $38.5k–$41.5k, which is closely aligned with its current assessed value of $39.6k. This suggests a stable valuation in recent years.
2. Is the living space larger than most homes in the area?
Yes. With 1,445 sq ft, this home offers more living area than approximately 73% of similar properties on its own street (ranking 12th out of 45) and is above the average for the Fort Richmond area.
3. What should I know about the lot size?
The 6,160 sq ft lot is above the Winnipeg city-wide average. However, within Fort Richmond specifically, it is below the neighbourhood average, ranking in the lower 24% for comparable properties. This is a key point for buyers who prioritize extensive outdoor space versus a larger interior footprint.
4. Does the "renovated basement" mean it’s a legal suite?
The listing specifies a renovated basement but does not indicate it is a legal secondary suite. Buyers should verify the permits and legal status of the renovations if considering it for rental income.
5. The home has no garage. Is that typical for the street?
The listing does not specify garage availability for comparable homes on Thornhill Bay. Given the home’s age and style, the lack of a garage is not uncommon, but buyers should research the street directly to see if off-street parking or carports are typical.