Property Overview: 47 Prestwood Place, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond is defined by its generous living space. At 2,386 square feet, it offers significantly more room than most homes in Winnipeg, placing it in the top 4% city-wide. This is the property's standout feature, providing ample space for family living, home offices, or entertaining. The basement has been renovated, adding to its functional appeal. Built in 1979, it is a relatively newer home compared to many in the city, and it sits on a solid, above-average city-sized lot of nearly 6,500 square feet.
Its appeal lies in this combination of abundant interior space within a mature, established neighbourhood. While its assessed value is above average for the area, the home represents a value proposition centered on square footage—you get a lot of house for the investment compared to broader market averages. It would suit buyers who prioritize spacious interiors over a newer build or a massive yard, such as growing families, multi-generational households, or those who work from home and need dedicated rooms. A thoughtful perspective is that while the lot is smaller than others on its street, this can mean less maintenance, allowing owners to enjoy the interior space and community amenities of Fort Richmond without extensive yard work.
Section 2: Frequently Asked Questions
1. How does the property's value compare to recent sales?
The home sold in late 2020 for an estimated $44,500-$47,500. Its current assessed value is $49,400, which is above average for Fort Richmond. This suggests it has held or increased in value, but a current market appraisal is recommended for today's price.
2. Is the lot size a concern?
The lot of 6,489 sq ft is smaller than others on Prestwood Place but is still larger than the typical Winnipeg lot. It provides a good balance of outdoor space without the upkeep of a much larger yard.
3. What does "top 4% city-wide for living area" really mean?
This statistic confirms that this home is genuinely spacious. Over 96% of homes in Winnipeg have less living area, making this a key asset for buyers seeking maximum interior space.
4. The home was built in 1979. What should I consider?
While newer than the city average, a home of this age will have systems (roof, windows, furnace) that are likely original or nearing the end of their service life. A thorough inspection is crucial to budget for any updates or maintenance.
5. There is no garage. What are the parking options?
The listing confirms no garage. Buyers should verify the driveway capacity and on-street parking regulations to ensure it meets their needs, especially in winter months.