Property Overview: 27 Bryn Mawr Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This bi-level home at 27 Bryn Mawr Road is a practical and well-situated property in the established Fort Richmond neighborhood. Built in 1971, it offers 1,204 sqft of living space with a renovated basement, sitting on a notably generous 6,708 sqft lot that ranks above the city-wide average for size. The home presents as a solid, average-sized offering for the immediate area, with recent sales data indicating steady value appreciation.
Its primary appeal lies in its balance of space and location. The large lot is a significant asset, offering ample outdoor potential in a city where newer subdivisions often have smaller footprints. The renovated basement adds functional living space, making it suitable for a growing family or someone needing a home office or recreation area. While it lacks a garage, the property’s value metrics consistently perform well against local and city-wide benchmarks, suggesting it is a competitively priced entry into a mature community with likely lower property taxes due to its assessed value.
This home would suit a first-time buyer or a downsizer looking for a manageable, single-family home without the premium of a new build. It’s also a sensible choice for a value-conscious buyer who prioritizes land size over high-end finishes, seeing potential in the lot for future gardening, expansion, or simply enjoying more private outdoor space.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home’s assessed value is $42,300. It last sold in late 2024 for an estimated $43,500–46,500, indicating the assessed value is slightly below the recent market price, which is common in an active market.
2. What does the lack of a garage mean for this property?
The home has no garage. Buyers should budget for alternative parking and storage solutions. However, the large lot does offer potential space to add a shed or, subject to permits, a future garage structure.
3. The home is described as "around average" in many metrics. Is that a drawback?
Not necessarily. In this context, "average" for the area indicates a stable, predictable property that aligns with neighborhood norms. It suggests the home is unlikely to be overpriced for its features and offers a standard living experience for Fort Richmond, which can be a positive for resale.
4. The lot size is highlighted as "above average" city-wide. Why is that important?
A lot size of 6,708 sqft is larger than the typical Winnipeg lot. This provides more yard space, greater distance from neighbors, and potentially more flexibility for landscaping, play areas, or future outdoor projects than many newer properties.
5. What is the significance of the renovated basement?
A renovated basement immediately adds usable, finished living space to the home’s total area. This is a key functional upgrade over an unfinished basement, providing rooms that can be used for living, entertainment, or work without the need for a prior investment in renovation.