Property Overview
This two-storey home at 31 Valence Avenue in Fort Richmond offers a well-proportioned living space on a quiet street. Its key appeal lies in its above-average, renovated living area of 1,640 sqft, which ranks within the top 14% of homes on its own street. Built in 1975, the house is notably newer than many in the wider city. It features an attached garage and a renovated basement, adding functional space. The lot size is standard for the street but smaller than the Fort Richmond average, suggesting a manageable yard with less maintenance.
The property suits buyers looking for a move-in-ready home with modernized finishes in a stable, established neighborhood. It’s particularly well-matched for small families or professionals who value more interior space over a large garden, and for those who appreciate a home that stands out on its block for its size and relative newness without being an outlier in price.
Frequently Asked Questions
How does the living space truly compare to other homes?
At 1,640 sqft, the living area is genuinely spacious for the area. It's larger than the average home on Valence Avenue, in Fort Richmond, and across Winnipeg, placing it in the top quarter for size in all those categories.
Is the assessed value a reliable indicator of the market price?
The assessed value is a municipal figure for tax purposes. While this home's assessment is around average for the street, recent sold price data from late 2021 suggests a market value in a similar range. It's a solid baseline, but current market conditions will ultimately determine the price.
What does "renovated basement" typically mean for a 1975 home?
In this context, it likely indicates a finished lower level that has been updated. For a home of this age, it's a significant advantage, adding livable square footage. Buyers should inquire about the scope, permits, and the quality of the finish to understand its full value.
The lot is smaller than the Fort Richmond average. Is that a concern?
It depends on your priorities. The lot is standard for Valence Avenue itself. It means less yard maintenance, which many buyers appreciate, but may offer less private outdoor space than some other properties in the broader neighborhood.
How does the year built (1975) affect the home?
Being built in 1975 places it in a sweet spot for many buyers: newer than the city-wide average, potentially meaning fewer major aging component issues than much older stock, but still part of an established community with mature landscaping. It's among the newer homes on its street.