Property Overview: 43 Tamworth Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a practical opportunity with distinct characteristics. Its primary appeal lies in its balance of a renovated basement, a detached garage, and a notably large lot for the immediate area. At just over 1,000 sqft of living space, the house itself is compact and below the average size for the neighbourhood, suggesting a efficient, low-maintenance layout. The 1965 build date makes it one of the oldest homes on Tamworth Bay, which can imply well-established landscaping and mature trees.
The property’s value proposition is anchored by its land. The lot of nearly 6,000 sqft is above the city-wide average and provides significant outdoor space relative to many nearby homes. This is complemented by a renovated basement, adding functional living area. The assessed value sits above average for the street, indicating official recognition of its condition or lot value despite the smaller footprint.
This home would suit first-time buyers or downsizers seeking a manageable single-level layout in a mature neighbourhood, with the yard space for gardening, pets, or future expansion. It’s less suited for those requiring substantial above-grade square footage immediately. A thoughtful perspective is that an older, smaller home on a large lot in a established area like Fort Richmond often holds long-term redevelopment or value-add potential, appealing to strategic buyers.
Section 2: Frequently Asked Questions
1. How does the home’s smaller size compare to the neighbourhood?
At 1,014 sqft, the living area is below the average for both Tamworth Bay and the wider Fort Richmond area. This indicates a more compact, efficient layout compared to many neighbouring homes.
2. What does the above-average assessed value for the street suggest?
With an assessed value ranking in the top 23% on its street, this suggests the property’s overall valuation—likely factoring in the renovated basement, lot size, and condition—exceeds that of many immediate neighbours, even with a smaller building.
3. Is the lot size a significant feature?
Yes. The lot of 5,995 sqft is larger than the city-wide average and provides considerable outdoor space, which is a key asset and less common in many parts of the city.
4. What is the significance of the 1965 build date?
Built in 1965, this is one of the oldest homes on Tamworth Bay. Buyers should factor in the potential for original components (like roofing, windows, or major systems) to need attention or updating, despite the renovated basement.
5. Are sold price details available?
A sale was recorded in March 2019. For precise sold price history, you must request the exact data via email from the listing service, as only a range is publicly displayed.