Property Overview: 38 Michigan Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond offers a practical and comfortable living space with notable updates. Its key feature is a recently renovated basement, adding valuable finished square footage to the already generous 1,940 sqft living area. The property also includes a pool, a desirable amenity for warmer months. Built in 1975, the home sits on a 6,376 sqft lot, providing ample outdoor space.
The appeal lies in its above-average size and value within the broader context of both the neighbourhood and the city. The living space ranks in the top 12% citywide, meaning it offers more room than most Winnipeg homes. Its assessed value also sits well above the Fort Richmond and city averages, suggesting a solid level of investment for the area. The home suits buyers looking for a move-in-ready property with recreational space (the pool) and the flexibility of a finished basement—ideal for a growing family, someone who enjoys entertaining, or anyone seeking extra room for a home office or gym without needing an addition.
A less obvious perspective is the lot size: while it's above average citywide, it's slightly smaller than others on Michigan Avenue itself. This could mean less yard maintenance than some neighbours, but it's still a substantial parcel. The home represents a balanced offering—not the newest on the block, but with modernized living space and amenities that outperform many comparable properties in the wider market.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,940 sqft, the living area is significantly above the Winnipeg city-wide average. It ranks in the top 12% of all homes in the city for size and is also above average for the Fort Richmond neighbourhood.
2. What is the significance of the assessed value?
The assessed value of $51.80k is above the average for both Fort Richmond (top 10%) and the city overall (top 17%). This typically indicates the municipality views the property as having a higher value than many of its peers, which can be a positive marker, though market sale price can vary.
3. Is the lot size typical?
The 6,376 sqft lot is larger than the average Winnipeg lot, ranking in the top 24% citywide. On Michigan Avenue itself, however, lots tend to be larger, so this property’s lot is slightly below the street average.
4. What does "renovated basement" include?
The listing confirms the basement is renovated, meaning it is a finished, livable space. Specific details on the finishes, rooms, or permits should be verified with the seller or listing agent.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in the data. You can request the precise sale history by emailing the source of this information (SaveOnHouse), which they provide manually without using your email for unsolicited marketing.