Property Overview
This one-storey home at 29 Petersfield Place in Fort Richmond presents a solid, well-positioned offering in the Winnipeg market. Its appeal is rooted in a combination of generous outdoor space and a location that offers relative value within its community.
Key Characteristics, Appeal & Ideal Buyer
The home's most standout feature is its land. At nearly 12,000 square feet, the lot size is exceptionally large, placing it in the top 4% city-wide. This offers significant potential for gardening, recreation, or future expansion. The house itself, built in 1974, is of an average size for the area but benefits from a renovated basement and includes desirable amenities like a pool and an attached garage.
Its appeal lies in its above-average positioning within a mature neighbourhood. While the living space is typical, the property holds an assessed value that ranks above average for its street, area, and the city, suggesting it is viewed as a good asset within its peer group. It would suit a buyer looking for a established neighbourhood with room to breathe outdoors, possibly a family seeking space for children and pets, or a long-term owner who values the potential of a large lot over a brand-new home. It's a practical choice for those who want more land without moving to a rural area.
Frequently Asked Questions
1. How does the property's value compare to recent sales?
Based on data from early 2024, the sold price of nearby, similar homes ranged from approximately $435,000 to $465,000. The home's current assessed value of $475,000 is consistent with this range and sits above the average for comparable properties in Fort Richmond.
2. Is the lot size unusual for this area?
Yes. The lot is a key differentiator. It is significantly larger than the average lot in Fort Richmond and ranks in the elite tier (top 4%) for size across the entire city, offering a rare amount of private outdoor space for an in-city property.
3. What does the "above average" ranking for the year built mean?
Built in 1974, this home is actually one of the newer homes on its specific street (ranking 1st out of 15), which consists of homes from a similar era. This suggests the immediate streetscape is consistent and well-established, with less variance in age and style than you might find elsewhere.
4. Who would benefit from requesting the exact sold price history?
While the provided price ranges are helpful for comparison, obtaining the exact sold price is particularly useful for buyers finalizing their offer strategy or for sellers wanting to pinpoint the most accurate comparable market analysis before listing.
5. Are the home's interior features updated?
The listing confirms the basement has been renovated. For the condition of the main floor, roof, major systems (like heating and plumbing), and the pool, a professional home inspection would be essential, as these details are not specified in the public data.