Property Overview: 43 Wadham Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home is a classic one-storey bungalow built in 1971. Its key appeal lies in a combination of above-average living space and a recently renovated basement, offering functional, single-level living with expanded usable area. With 1,470 sqft of living space, the home is notably larger than many others on its street and in the immediate area. The detached garage provides flexible storage or workshop space.
The property’s assessed value ranks highly for the street and citywide, suggesting it is a substantial offering in its market segment. While the lot size is more modest compared to some direct neighbours, it is still above the Winnipeg citywide average, offering manageable outdoor space. This home would best suit buyers looking for a move-in-ready bungalow with a modernized lower level, possibly downsizers seeking single-level convenience or a young family valuing the renovated basement as a playroom or secondary living area. Its strong rankings for living area and value indicate a property that stands out for its substance within its peer group.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is smaller than the average for Wadham Bay, it remains larger than the typical Winnipeg lot. This translates to less yard maintenance than larger plots but may offer slightly less privacy or expansion potential than some immediate neighbours.
2. What does the "above average" assessed value ranking mean?
It indicates the municipal assessment for this home is higher than most comparable properties on its street and across Winnipeg. This often reflects the renovated basement and overall living area, but it’s important to distinguish assessed value (for taxes) from current market value.
3. Is the basement renovation reflected in the living area square footage?
Typically, finished basement space is not included in the official "Living Area" (main floor) calculation. The 1,470 sqft likely refers to the main floor, with the renovated basement providing additional, valuable bonus space.
4. Who would this home not be ideal for?
Buyers prioritizing a very large private yard or those seeking an ultra-modern, open-concept layout may find the 1971 floor plan and standard lot size less appealing. It may also not suit those requiring attached garage access.
5. How can I verify the exact past sale price?
The listed sale price from 2017 is a public range. For the precise figure, you can request it directly via the email service mentioned on the listing page, which provides exact historical data.