Property Overview: 39 Rice Road, Fort Richmond
This 4-level split home in Fort Richmond presents a practical and spacious option in a well-established Winnipeg neighbourhood. Built in 1973, it offers 1,790 sqft of living space, which is notably above average for the immediate area, and features a renovated basement and an attached garage. The property sits on a 6,266 sqft lot.
Key Characteristics & Appeal
The primary appeal of this home lies in its generous interior space relative to its local market. With living area rankings in the top 8% on its street and top 17% in Fort Richmond, it offers more room than many comparable homes, making it a standout for buyers seeking size without a premium price tag. The renovated basement adds immediate functional value. Its assessed value is consistently above average across all comparison levels, suggesting a solid valuation foundation.
This property would suit a practical buyer—perhaps a growing family or someone looking for a spacious starter home—who values interior square footage over a large yard, as the lot size is more modest compared to nearby properties. It’s a home for those comfortable with the layout of a 4-level split and the maintenance considerations of a house over 50 years old, but who also appreciate the updates already in place and the stability of a mature neighbourhood like Fort Richmond.
A less obvious perspective is that while the lot is smaller than many in the area, it may translate to less yard upkeep. Additionally, its above-average assessed value within a city-wide context hints at a perceived stability that could appeal to a long-term buyer.
Frequently Asked Questions
1. How does the living space compare to newer homes?
At 1,790 sqft, the living area is significantly larger than the average for both the local area (1,360 sqft) and city-wide comparisons (1,342 sqft), offering space often found in newer builds without the same price point.
2. What does the "above average" assessed value mean?
The home’s assessed value ranks in the top 12-23% across street, neighbourhood, and city comparisons. This generally indicates the property is valued higher than most of its peers, which can reflect its size, condition, and location, but is not a direct predictor of market selling price.
3. Is the smaller lot size a concern?
The lot is below average in size for Rice Road and Fort Richmond. This means less private outdoor space but also potentially lower maintenance. For buyers prioritizing indoor space or minimal yard work, this could be a reasonable trade-off.
4. What are the implications of the 4-level split design?
This design offers good separation of living and sleeping areas across multiple levels, which can provide privacy. Buyers should consider that it involves more stairs than a bungalow or two-storey layout, which may affect long-term accessibility.
5. How can I find out the exact historical sale price?
The listed sale history shows estimated ranges. The exact sold price can be requested directly via email from the listing source, which they provide manually without using your email for unsolicited marketing.