Property Overview: 35 Fordham Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1969, offers a practical and spacious layout in the established Fort Richmond neighbourhood. With 1,759 sqft of living space, it sits comfortably above the average for both the street and the wider city, providing ample room for a growing family or those who value separate living areas. The home features a renovated basement and a detached garage. Its lot size of over 7,100 sqft is a notable asset, ranking well above the city-wide average and offering generous outdoor space for gardening, play, or future expansion.
The appeal lies in its balanced offering of space, location, and value. It’s a home that outperforms many peers in terms of sheer square footage and land size, while its assessed value remains around the average for the area. This suggests you’re getting more physical property for your dollar compared to many city-wide benchmarks. It would suit buyers looking for a character home from this era without a premium price tag, who prioritize interior space and a large yard over a brand-new build. The recent sale in late 2024 indicates a stable, market-ready property.
Section 2: Frequently Asked Questions
1. What does the "above average" ranking for living area actually mean?
It means this home's interior size (1,759 sqft) is larger than most comparable homes. It ranks in the top 18% on its own street and the top 19% city-wide, so it offers more living space than roughly 80% of similar Winnipeg homes.
2. The home was built in 1969. What should I consider?
While the structure is sound and the basement has been renovated, a home of this age will likely have original components, such as windows, roofing, or major systems, that may need attention or updating. A thorough inspection is advised to plan for future maintenance.
3. How does the assessed value relate to the likely selling price?
The assessed value ($42.9k for tax purposes) is a municipal metric and is typically far below market value. The more relevant figure is the late 2024 sold price range of $44.5k–$47.5k, which reflects the actual market price at that time.
4. What are the pros and cons of a 4-level split layout?
Pros include defined separation between living, sleeping, and recreational areas, which can offer privacy and noise reduction. A potential con is the frequent short flights of stairs, which may not suit those with mobility concerns.
5. The lot is large. Are there any restrictions on what I can do with it?
The sizable lot (7,129 sqft) is a major benefit. Any significant changes, like building a large addition, garage, or deck, would require checking local zoning bylaws and obtaining the necessary permits from the City of Winnipeg.