Property Overview: 39 Magdalene Bay, Fort Richmond, Winnipeg
Key Characteristics & Buyer Profile
This well-maintained one-storey home in Fort Richmond is defined by its generous 6,497 sqft lot, which is notably larger than most in the immediate area and across Winnipeg. Built in 1972, it is newer than many of its direct neighbours. The 1,082 sqft living space is efficiently laid out and includes a renovated basement, adding functional space. An attached garage provides practical convenience.
The primary appeal lies in its established, quiet neighbourhood and the value offered by the substantial lot size—a relative rarity that provides ample outdoor space and potential. Its recent sale history suggests a stable and appreciating market position. This property would best suit first-time buyers, downsizers, or practical investors seeking a manageable, single-level home with a low-maintenance footprint but without sacrificing yard space. It’s a grounded choice for someone who values a bit more privacy and room to garden or entertain outdoors compared to typical suburban lots.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is 6,497 sqft, which ranks in the top 18% on its own street and the top 22% city-wide. It is significantly larger than the average lot on Magdalene Bay and offers more outdoor space than most comparable Winnipeg homes.
2. What is the condition of the basement?
The basement has been renovated. Prospective buyers are encouraged to verify the scope, quality, and permits of the renovation during their inspection.
3. Is this a good investment based on recent sales?
The home sold in early 2025 at a price point that ranks well above average for the street and area compared to historical sales, indicating strong recent demand for properties in this location.
4. What are the property taxes likely to be?
The assessed value is $393,000. Property taxes can be estimated by applying the current City of Winnipeg mill rate to this assessment figure.
5. How does the living space compare to other homes?
At 1,082 sqft, the living area is very close to the average for the street but is more compact than the average home in both Fort Richmond and Winnipeg overall, emphasizing efficient use of space.