Property Overview
This well-situated Fort Richmond home at 354 Dalhousie Drive presents a solid, above-average offering in a mature Winnipeg neighbourhood. Built in 1971, it is a one-storey house with a renovated basement and a detached garage, sitting on a generous 7,077 sqft lot. The home’s 1,266 sqft of living space is efficiently sized, ranking well within its immediate area. Its standout feature is its strong assessed value, which places it in the top tiers compared to homes on its street, in Fort Richmond, and citywide, suggesting a history of maintained or improved value. Recent sale data indicates steady appreciation.
Key Characteristics & Appeal
The primary appeal of this property lies in its established value and generous lot size within a sought-after neighbourhood. It’s not the newest home on the block, but it outperforms many peers in terms of assessment and land area, offering a tangible sense of space and investment stability. The renovated basement adds functional living space, a key update for a home of this era.
This home would suit pragmatic buyers—perhaps young families seeking a foothold in a reputable area like Fort Richmond, or downsizers looking for single-level living without compromising on yard space. It’s ideal for someone who values a mature neighbourhood’s character over a brand-new build and appreciates a property that has historically held its value well. The detached garage and large lot also offer flexibility for gardening, storage, or future projects.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The assessed value is notably strong, ranking in the top 6% on its own street. The home sold in mid-2023 in the $48.5k–$51.5k range, which was well above the local average at that time, confirming a pattern of above-market valuation.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, permits, and whether it includes added bedrooms, a legal suite, or simply finished living space.
3. Is the lot size a significant advantage?
Yes. At over 7,000 sqft, the lot is larger than most on Dalhousie Drive (top 26%) and above the city average. This provides more private outdoor space, potential for additions, and a less crowded feel than newer subdivisions.
4. What are the implications of the home's age (built 1971)?
The home is of average age for its area. Buyers should budget for updates consistent with this era, such as roof, windows, or major systems. However, its above-average condition is reflected in its strong assessed and sale values.
5. How does this home fit within the Fort Richmond neighbourhood?
Fort Richmond is a mature, family-oriented neighbourhood near the University of Manitoba. This property sits on a quiet street (Dalhousie Drive is a bay) and offers space and value that is becoming harder to find, making it a competitive option within the area.