Property Overview
This 990 sqft, one-storey home at 28 Mount Allison Bay in Fort Richmond presents a practical and value-conscious opportunity. Built in 1971, it sits on a 6,396 sqft lot, which is notably larger than the typical Winnipeg lot. A key feature is its renovated basement, adding functional living space. The home lacks a garage and pool, keeping maintenance simpler.
Its primary appeal lies in its balance and location-specific value. While the living space is modest compared to larger Fort Richmond homes, its assessed value of $370k is comfortably below the neighbourhood average, suggesting a relatively accessible entry point. The lot size is a standout asset, offering ample outdoor space uncommon in many city properties. This home would suit first-time buyers, downsizers, or practical investors looking for a solid, no-frills property in a well-established area. It’s for those who prioritize land size and a renovated basement over expansive above-ground square footage or attached parking.
Frequently Asked Questions
Is the lot size a significant advantage?
Yes. The lot is over 6,300 sqft, which is larger than approximately 76% of lots citywide. This provides generous outdoor space for gardening, recreation, or future expansion, a feature becoming rarer in many neighbourhoods.
How does the value compare to the area?
The home’s assessed value is below the Fort Richmond average. This indicates you may be paying less for the location than you would for a larger home in the same area, potentially offering good value per dollar within the neighbourhood.
What does "around average" for the year built mean?
Built in 1971, the home is typical for its immediate street and the Fort Richmond area. This means major components may be due for updates, but the neighbourhood's character and infrastructure are well-established.
There's no garage. How does that impact value and livability?
The lack of a garage is reflected in the home’s value and is a key consideration for vehicle storage and winter weather. Buyers should budget for alternative parking solutions, such as a driveway pad or carport, if needed.
The living area is below average for the neighbourhood. Is the space efficient?
At 990 sqft, the main floor living area is compact. However, the renovated basement effectively expands the usable space, making the overall footprint more functional than the above-ground square footage alone suggests.