Property Overview & Appeal
39 Tunis Bay is a 4-level split home built in 1965, situated on an exceptionally large lot in Winnipeg's Fort Richmond neighborhood. Its key characteristic is the substantial 11,532 sqft land area, which ranks in the top 3-6% compared to both the immediate street and the wider city. This offers rare potential for expansion, gardening, or outdoor recreation. The 1,572 sqft living space is above average for the city but modest for the immediate area, and it features a renovated basement. The home's assessed value is notably below average for the street and neighborhood, which may indicate a different valuation approach or present a relative value opportunity for buyers.
The appeal lies in a unique combination: a home with updated living space on a premium, oversized lot, all at an assessed value that sits lower than many direct comparables. It suits buyers who prioritize land size over sheer interior square footage, such as those looking for a long-term family home with room to grow, DIY enthusiasts or builders who see potential in the lot, or value-conscious buyers seeking a footprint in a established neighborhood where the land itself is the primary asset.
Frequently Asked Questions
1. Is the low assessed value compared to the street a concern?
Not necessarily. It can reflect a variety of factors, including the specific timing of assessment, the home's condition relative to neighbors, or the city's valuation model. It's important to view this as a data point for comparison, not a direct market price, and to have a professional inspection and appraisal done.
2. What are the pros and cons of a 4-level split layout?
This style offers good separation of living and sleeping areas across multiple half-levels, which can provide privacy. However, the frequent short flights of stairs may not be ideal for those with mobility concerns or very young children.
3. What can I do with such a large lot?
Beyond a spacious yard, a lot of this size may allow for future additions like a garage, workshop, or sunroom, subject to local zoning and permit regulations. It's a long-term asset that provides flexibility many newer properties do not.
4. How does the living area compare practically?
While above the city average, the living area is slightly below the average for Tunis Bay itself. This suggests the home may feel comfortable for a typical family but might have cozier room sizes or fewer formal spaces than some immediate neighbors.
5. The home is nearly 60 years old. What should I check?
While the basement is noted as renovated, a thorough inspection of major aging components is crucial. This includes the roof, foundation, plumbing, electrical systems, and windows to understand any upcoming maintenance or updates needed beyond the renovated space.