Property Overview: 27 Ryerson Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 1973-built, one-storey home in Fort Richmond offers a practical layout with 1,082 sqft of living space and a renovated basement. Its standout feature is the land: a 7,198 sqft lot that is notably larger than many in the city, providing ample outdoor space. The property also includes both an attached and a detached garage, a valuable combination for storage, hobbies, or parking multiple vehicles.
The appeal here is rooted in space and potential. While the living area is modest for the neighbourhood, the generous lot size and dual garages present opportunities for expansion, gardening, or outdoor living that are harder to find in newer subdivisions. The home’s assessed value is positioned around the city average, suggesting a stable, established investment in a mature community.
This property would suit a buyer looking for a solid, no-frills home with excellent "bones" and room to grow over time. It’s ideal for a hands-on owner who values private outdoor space more than a large interior footprint, or for someone who needs significant parking and workshop space provided by the dual garages. It represents a pragmatic entry into the Fort Richmond area, with the lot size offering a long-term advantage not reflected in the square footage alone.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 7,198 sqft lot is a key asset, ranking in the top 15-20% citywide and within Fort Richmond. It is significantly larger than the city average lot of about 6,570 sqft.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
3. The home sold in 2016 for a much lower price. What does that mean?
The sold price from nearly a decade ago reflects the market at that time and is not indicative of current value. The assessed value has since risen to $420k, which is more relevant for today’s market conditions.
4. Is the living area smaller than other homes in the area?
Yes, at 1,082 sqft, the living area is below the current Fort Richmond average. However, this is balanced by the larger lot and dual garages, which may better suit buyers prioritizing outdoor and utility space over interior square footage.
5. Why are there two garages?
The combined attached and detached garages offer exceptional flexibility. This setup is ideal for families with multiple vehicles, homeowners needing a dedicated workshop or studio, or anyone seeking abundant storage without sacrificing space in the main garage.