Property Overview: 47 St Dunstan's Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Fort Richmond presents a solid, above-average living space of 1,592 sqft, ranking within the top quarter of homes locally for size. Its key features include an attached garage and a renovated basement. Built in 1970, it is notably newer than most on its specific street, suggesting potentially fewer immediate updates related to the age of core components compared to neighbours. The lot size is more modest compared to others in the immediate area but is still above the city-wide average, offering manageable outdoor space.
The appeal lies in its balance. It offers more interior space than many comparable homes without a corresponding premium in its assessed value, which sits around the neighbourhood average. This creates a value proposition of "more house" within a well-established community. It would suit practical buyers looking for a turn-key, family-sized home in a mature neighbourhood without the footprint or maintenance of a very large lot. It’s also a sensible option for those who appreciate the stability of an older, settled street but place a priority on a home that is relatively younger within that context.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is smaller than many on St Dunstan's Bay, it is still a generous city lot. This means less yard maintenance but may limit expansion possibilities. For buyers who prioritize indoor living space over extensive landscaping, this is a practical trade-off.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes legal secondary suite potential, which could affect value and utility.
3. The home sold recently in early 2025. What does that indicate?
The recent sale suggests a motivated seller and a property that was priced correctly for a quick transaction. It provides a very current, reliable market price benchmark for the area.
4. How significant is it that the home is newer than others on the street?
Being built in 1970 makes it one of the newest homes on the block. This can be advantageous, potentially meaning updates to roofing, windows, or foundational systems may have occurred later than in neighbouring homes from the 1960s.
5. The assessed value is around the area average, but the living space is larger. Why?
This discrepancy can be due to several factors, including the more modest lot size, the specific finish level inside, or the timing of the assessment. It often highlights a property where the square footage may offer better value per dollar than smaller homes at a similar assessed value in the area.