25 Tunis Bay

Property Overview

This 4-level split home at 25 Tunis Bay in Fort Richmond offers a practical layout with room to grow. Built in 1967, it sits on a generous 7,034 sqft lot, which is notably larger than the city-wide average. The 2,026 sqft of living space is comfortably above average for the neighbourhood and city, providing ample room for a family. Key features include an attached garage and a basement that is present but not renovated, representing a potential project or storage space. The home’s assessed value is consistent with averages in the area.

Key Characteristics & Appeal

The primary appeal of this property lies in its space—both inside and out. The living area is in the top 10-13% for the neighbourhood and city, making it a standout for buyers seeking size without a premium price tag. The lot size is a particular asset, offering above-average outdoor space city-wide. Its value proposition is straightforward: you are paying for square footage and land, not for modern finishes or updates.

This home would suit a practical buyer, such as a growing family needing the room, or a handy homeowner who sees potential in the unrenovated basement and is comfortable with a home of this vintage. It’s less suited for someone seeking a move-in-ready, modern property without projects. A thoughtful perspective is that while the home itself is of average assessed value for the street, you are acquiring a land parcel that is scarcer city-wide, which could be a long-term advantage.

Frequently Asked Questions

1. What does "4 Level Split" mean for daily living?
This style typically means shorter flights of stairs between living, sleeping, and utility areas, creating distinct zones. It can be efficient but may feel more segmented than an open-concept layout.

2. The basement is noted as "not renovated." What condition should I expect?
You should anticipate a functional but dated space, likely with older finishes and mechanical systems. It’s a blank canvas for future development but will require investment to modernize.

3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. Recent sale ranges on the street suggest a dynamic local market, so the selling price will be determined by current buyer demand.

4. The home was built in 1967. Are there any common concerns for houses of this age?
Prospective buyers should budget for potential updates to major systems like roofing, windows, plumbing, or electrical, which may be nearing the end of their service life. A thorough inspection is advised.

5. What is the neighbourhood of Fort Richmond like?
Fort Richmond is a mature, established community near the University of Manitoba. It offers a mix of residential streets, convenient amenities, and access to parks and schools, appealing to families, academics, and professionals.