Property Summary: 47 Mcmasters Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 804 sqft bi-level home built in 1969, situated on a generous 6,379 sqft lot in Fort Richmond. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a below-average assessed value. The home features a renovated basement and a detached garage.
The property’s standout characteristic is its lot size, which is above average citywide, offering potential for outdoor space or future expansion relative to many other homes. While the living area is notably smaller than most comparable homes on its street and in the neighbourhood, this very fact contributes to its lower price point. It last sold in mid-2016 for a price significantly below current assessed value averages.
This home would best suit first-time buyers or investors seeking a lower-cost footprint in a established neighbourhood. It’s a practical choice for those who prioritize land size over interior square footage and are comfortable with a home that requires efficient use of space. A thoughtful perspective is that its older construction date (1969) is actually a relative advantage on its specific street, ranking it as the newest among its immediate peers, which may suggest updated core systems compared to neighbours.
Section 2: Frequently Asked Questions
1. Is the house much smaller than others in the area?
Yes. The living area is 804 sqft, which is significantly below the average for both Mcmasters Road (~1,395 sqft) and the wider Fort Richmond area (~1,421 sqft). This is a key factor in its pricing.
2. What is the potential based on the lot size?
The 6,379 sqft lot is above the city-wide average. This is the property's major physical asset, offering more outdoor space than many city homes and presenting options for gardening, recreation, or future additions, subject to zoning.
3. How does the assessed value compare?
The assessed value is below average for the street and neighbourhood, but aligns closer to the city-wide average. This indicates the home is priced for its smaller size within a desirable area, not for being in an undervalued location.
4. When was it last sold, and for how much?
It was last sold in July 2016. The sold price range from public records is between $275,000 and $305,000. An exact price can be requested directly from the listing source.
5. Are there any directly comparable nearby properties?
Two nearby references from 2016 are provided: 63 Mcmasters Rd (larger, higher value) and 111 Laval Dr (closer in size and value). Several current listings in other neighbourhoods share the same assessed value, but may differ in features and location.