Property Overview
This one-storey home at 5 Petersfield Place in Fort Richmond is a practical and well-situated property. Built in 1974, it features 1,415 sqft of living space and sits on a 6,158 sqft lot, with a renovated basement and a detached garage. The home’s assessed value is in line with the local area, and it presents a straightforward opportunity in a mature neighbourhood.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance and location. Its living space and assessed value are consistently "around average" when compared to the immediate street, the wider Fort Richmond area, and the city as a whole, suggesting a property that is neither over-improved nor under-valued for its setting. The renovated basement adds functional living space, a valuable asset in a one-storey layout. While the lot size is smaller than others on Petersfield Place, it is still above the Winnipeg city-wide average, offering manageable outdoor space with less maintenance.
This property would suit first-time buyers or downsizers looking for a solid, no-fuss home in a stable, established neighbourhood. Its average metrics across the board indicate a lower risk of overpaying relative to the area. The one-storey design is ideal for those seeking accessibility or simply preferring single-level living. A thoughtful perspective is that a home which consistently ranks in the middle of the pack can represent a sensible, grounded purchase—it’s a home to live in, not a speculative asset, in a neighbourhood where values are well-established.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
Based on available data, the last recorded sale was in late 2016. The current assessed value is positioned around the average for Fort Richmond, providing a benchmark, but a current market evaluation would be needed to determine today’s exact value.
2. What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify the scope. This should be clarified to understand if it includes a legal suite, additional bedrooms, or simply finished living space, as this significantly impacts utility and value.
3. Is the smaller lot size a concern?
While the lot is the smallest on Petersfield Place, it is still larger than the typical Winnipeg lot. This could be an advantage for buyers wanting a smaller yard to maintain, without sacrificing private outdoor space entirely.
4. What are the implications of the "around average" rankings?
This consistency suggests the property is typical for the area, which can be positive for resale and financing. It likely won’t appraise for surprisingly more or less than similar nearby homes, providing a stable investment.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed. You can request this detailed history directly via the provided email form on the listing page, and the information will be provided manually without marketing spam.