Property Overview: 26 Grimston Road, Fort Richmond
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and straightforward property. Built in 1974, it features 1,223 sqft of living space, an attached garage, and a renovated basement. Its assessed value is notably below average for its immediate street and neighbourhood, which may present a value opportunity in a well-established area.
The appeal lies in its functionality as a solid, no-fuss home. The renovated basement adds flexible living space, and the lot size of 6,616 sqft is above average citywide, offering good outdoor potential. While the living area is modest compared to neighbours, the layout may be efficient and easier to maintain. This home suits first-time buyers seeking an entry point into a stable neighbourhood, downsizers looking for single-level living without a condo fee, or value-focused investors attracted by the below-average assessment in a context of higher neighbouring values. It’s a property for those who prioritize land and location over sheer interior size.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value is below average for both Grimston Road and the wider Fort Richmond neighbourhood, suggesting the property may be priced more accessibly than many nearby homes, potentially offering good value.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, the presence of a bathroom or kitchenette, and whether proper permits were obtained for the work.
3. How does the lot size compare?
At 6,616 sqft, the lot is above the citywide average, providing more yard space than many Winnipeg homes. On its own street and in Fort Richmond, however, it is very close to the average.
4. Who might this home not suit?
Buyers needing substantial above-grade living space may find the 1,223 sqft layout limiting, as it ranks below average for the street. Those seeking a modern, newly-built home may also find the 1974 architecture and systems dated.
5. What is the neighbourhood like?
Fort Richmond is a mature, established neighbourhood near the University of Manitoba. It typically offers a mix of families, academics, and long-term residents, with good access to amenities and green spaces.