Property Overview & Key Characteristics
This one-storey home in Fort Richmond is a practical, no-frills property built in 1966. Its key appeal lies in its relative affordability and renovated basement, presenting a straightforward living option. At 1,186 sqft, the living space is modest and sits below the average for its immediate street, but is fairly typical for Winnipeg overall. The lot size of just under 6,000 sqft is also slightly smaller than many in the neighbourhood.
The home’s assessed value is notably below average for both the street and Fort Richmond, which often signals a lower property tax burden and a potentially accessible entry point into the market. It suits first-time buyers, downsizers, or investors looking for a functional, low-maintenance home without premium features like a garage or pool. Its value proposition is grounded in essentials: it’s a renovated, single-level dwelling in an established area, offering a chance to own without the premium price tag of larger or newer homes on the same block.
Frequently Asked Questions
1. Is the smaller living area a significant drawback?
While below the street average, the square footage is around the city-wide median. The renovated basement adds functional space, making it efficient for individuals, couples, or small families.
2. Why is the assessed value so much lower than neighbouring homes?
The assessment reflects the home’s more modest size, age, and lack of certain features (like a garage) compared to others on Rutgers Bay. This isn’t necessarily negative—it typically results in lower annual property taxes.
3. What does the "below average" ranking for Year Built mean?
Most homes on the street were built around the same time (mid-1960s). This ranking simply indicates this specific home is slightly older than the street's average, a negligible difference of about one year.
4. Who would this property not suit?
It may not fit buyers prioritizing ample indoor space, a garage, or a newer home. Those wanting a standout investment in terms of lot size or above-average street prestige might also look elsewhere.
5. How reliable are the sold price ranges shown?
The ranges are based on public data. For precise historical sale figures, you must request the exact records via email, as the provider manually verifies and supplies this detail.