Property Overview: 27 Greyfriars Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Fort Richmond, built in 1968. Its primary appeal lies in its above-average living space (1,503 sq ft) and a generous, city-wide above-average lot size of just over 7,000 sq ft. The home features a renovated basement and a detached garage. Data suggests it is a solid, established property within its neighbourhood, not necessarily the newest but offering more interior room than many comparable homes on its street and across Winnipeg. Its recent sold price history indicates strong market performance.
The property would suit practical buyers looking for space and a established neighbourhood setting over a brand-new build. It's ideal for those who value a larger yard and more square footage within the home itself, potentially appealing to small families, downsizers seeking single-level living with room for hobbies or guests, or value-oriented investors attracted to its consistent performance in a mature area.
Frequently Asked Questions
1. How does this home truly compare in value for the area?
The data shows its living area is in the top 18% on its own street, meaning it offers more interior space than most direct neighbours. While its assessed value is around the neighbourhood average, you are getting a physically larger home on a larger-than-city-average lot for that price point.
2. What does the sold price history indicate?
The home sold in late 2022 for a price that ranked in the top 4% compared to similar street sales at the time, demonstrating significant buyer competition and perceived value. This followed a 2019 sale at a more average price point, suggesting a notable increase in market value over that period.
3. Is the older build year (1968) a concern?
It is one of the older homes on Greyfriars Road. This typically means potential for older components (like original windows, roof, or major systems) needing attention or updates, but also often comes with mature landscaping and established neighbourhood character. A thorough inspection is advised.
4. What are the benefits of the lot size?
At over 7,000 sq ft, the lot is larger than the Winnipeg city average. This provides ample outdoor space for gardening, recreation, or future additions like a shed or deck, which can be harder to find in newer subdivisions.
5. Who should consider the detached garage?
A detached garage is ideal for those who want a dedicated workshop space, worry about fumes from vehicles or projects entering the home, or simply prefer the separation. It may be less convenient in winter than an attached garage but offers great flexibility.