Property Overview
This home at 4 Seier Bay in Fort Richmond presents a distinct value proposition centered on land and location. It is a one-and-a-half storey house built in 1975, featuring 1,596 sqft of living space and a renovated basement. The property includes a detached garage and sits on an exceptionally large 14,301 sqft lot.
Its primary appeal lies in its rare lot size, which ranks in the top 3% within the desirable Fort Richmond neighborhood and the top 2% citywide. This offers significant potential for outdoor living, gardening, or future expansion. While the house itself is modest in size compared to others on its street, it is above average for the area and city. The renovated basement adds functional living space. The assessed value is notably high for Fort Richmond (top 4%), indicating official recognition of the property's premium attributes.
This home would best suit a buyer who prioritizes land over sheer interior square footage. It's ideal for someone seeking a long-term family home with ample yard space in a established neighborhood, or for a value-conscious buyer who sees potential in the existing structure and the possibility of future upgrades, supported by the substantial lot.
Frequently Asked Questions
1. Is the lot size usable, or is it an odd shape?
While the listing confirms the total square footage, it's always wise to review the lot survey or plat map to understand the exact dimensions and shape, ensuring it meets your intended use.
2. The assessed value seems high for the neighborhood. What does that mean?
A high assessed value relative to the area often reflects key desirable features—in this case, the very large lot and recent renovations. It can be an indicator of the property's perceived worth by the municipality, though market sale price can differ.
3. What does "above average" for the living area mean in context?
The home's living space is larger than most in Winnipeg and Fort Richmond. However, it is smaller than the other homes on Seier Bay itself. This suggests a street of larger homes, so buyers get the benefit of the neighborhood setting while the house itself may feel more cozy and manageable.
4. The home was last sold in late 2020. What should I consider?
A sale during that period may reflect a different market climate. It’s important to have a professional inspection to understand the condition of the 51-year-old home and the quality of the basement renovation completed since then.
5. How does the detached garage impact winter usability?
A detached garage is common but requires considering your comfort with accessing your vehicle in Winnipeg's winter weather. It can also free up yard space and offer flexibility for its use as a workshop or storage.