Property Overview
This one-storey home at 4 Mount Allison Bay in Fort Richmond presents a practical opportunity in a well-established Winnipeg neighbourhood. Its key appeal lies in a balance of space and value. With 1,022 sqft of living area, it offers more interior space than most similar homes on its street. The lot is a significant feature, at over 7,000 sqft, placing it well above average for both the immediate area and the city overall, offering ample outdoor potential. The basement has been renovated, adding functional living space. While the home itself is from 1971, its assessed value is positioned around the city-wide median, suggesting a manageable entry point into the market.
This property would suit first-time buyers or downsizers looking for a single-level layout without a major renovation project. The large lot is ideal for gardeners, those seeking privacy, or future expansion. It’s a home for buyers who prioritize land size and functional interior space over a modern build or high-end finishes, offering a solid foundation in a convenient South Winnipeg location.
Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value is around the average for Mount Allison Bay street itself, but is below the average for the broader Fort Richmond area. This suggests it may offer relative value within its immediate locale.
2. What does the "renovated basement" likely entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of finishes, whether permits were pulled, and if the space includes a proper bedroom or is primarily a rec room.
3. Is the lack of a garage a significant drawback?
The property has no garage, which is common for many homes of this era. The large lot, however, provides excellent space for adding a detached garage or shed, subject to local bylaws.
4. The home is older—what should I be concerned about?
Built in 1971, major systems like the roof, plumbing, electrical, and foundation should be professionally inspected. Its age is typical for the neighbourhood, but its specific maintenance history is key.
5. Why is the lot size highlighted as a major feature?
At over 7,000 sqft, the lot is notably larger than most in Winnipeg. This isn't just about yard space; it provides better privacy, room for additions like a deck or garage, and potentially holds greater long-term value than the structure itself.