Property Summary: 40 Celtic Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 40 Celtic Bay is a solid, no-frills property that offers value through its established setting and practical layout. With 1,070 sqft of living space and a renovated basement, it provides functional living areas. The lot is a notable feature at over 6,300 sqft, offering above-average outdoor space for the neighbourhood and city, which is a significant advantage for a home of this size and era.
Its primary appeal lies in its positioning as a grounded, value-conscious entry into the Fort Richmond community. The home’s assessed value ranks well above average for its immediate street, suggesting it is viewed favorably compared to its closest peers. It suits first-time homebuyers, downsizers, or investors looking for a manageable property with a good land-to-building ratio. The appeal is practical rather than luxurious: it’s for those who prioritize space, a quiet street, and a renovated basement over modern amenities like a garage or a recently built structure. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—a well-located, older property where the value is in the land and location, offering a canvas for personalization or steady long-term holding in a mature area.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,070 sqft, the living area is slightly below the average for Fort Richmond but is very typical for homes on Celtic Bay itself. It represents a manageable size for smaller households.
2. What does the above-average assessed value on the street indicate?
The home’s assessed value is in the top quarter on its street, meaning it is officially valued higher than most direct neighbours. This can reflect factors like the renovated basement, lot size, or overall condition, but it’s important to note this is for municipal taxation, not necessarily market price.
3. Is the large lot a common feature here?
Yes and no. The lot is above average in size both for the street and city-wide, which is a key asset. However, within the broader Fort Richmond area, it is closer to the average. This means you get more outdoor space than many city properties, but it’s not an outlier in the immediate district.
4. The home was built in 1965. What should I consider?
As a home from the mid-1960s, major systems (like roof, plumbing, electrical) may be due for updates or have been partially addressed, as seen with the basement renovation. A thorough inspection is essential to understand the condition of original components.
5. Where can I find the exact historical sale prices?
The listed sale prices are estimated ranges from public data. To obtain the precise sale prices from 2019 and 2022, you must request them directly via the email link provided on the listing page. The service is manual but provided without marketing spam.