Property Overview: 50 Tunis Bay, Fort Richmond
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and well-situated property. Built in 1965, it features 1,300 sqft of living space, a renovated basement, and an attached garage on a 6,395 sqft lot. Its assessed value is strong for the area, ranking above average in both the neighbourhood and city-wide comparisons.
The primary appeal lies in its balance of space, updates, and location. The renovated basement adds functional living area, a valuable asset in a one-storey layout. While the home's footprint is modest for its immediate street, it sits on a lot that is larger than the city-wide average, offering good outdoor space potential. The property’s consistent above-average assessed value suggests it is viewed as a solid asset within its market.
This home would suit first-time buyers or downsizers seeking single-level living without sacrificing a good-sized yard. It’s also a sensible fit for value-oriented buyers who appreciate a move-in-ready basement and the stability of a mature neighbourhood like Fort Richmond. A thoughtful perspective is that this property represents a "middle ground" — it doesn’t top the charts in size, but its combination of updates, lot size, and strong value assessment makes it a competitively positioned, low-drama home.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,300 sqft, the living area is below the average for homes on Tunis Bay itself but is very close to the average size for both the wider Fort Richmond area and the city of Winnipeg as a whole.
2. What does the "above average" assessed value mean?
The property’s assessed value ranks in the top 28% for both Fort Richmond and city-wide, meaning it is officially valued higher than most comparable homes. This often reflects desirable attributes, updates, or location factors.
3. Has the property increased in value?
Based on available sold price ranges, the home sold for between $33.5k-$40.5k in 2020 and between $37.5k-$40.5k in 2022, indicating a trend of stable or slightly appreciating value in that period.
4. Is the lot size a pro or a con?
The lot is smaller than others on Tunis Bay but is actually larger than the typical Winnipeg lot. It offers ample private outdoor space while potentially requiring less maintenance than the largest yards on the street.
5. What are the nearby properties like?
The immediate neighbours on Tunis Bay are similar one-storey homes from the same era. The provided comparable properties on nearby streets like Cornell Drive and Patricia Avenue are also similar in age, size, and value, confirming this is a consistent, established area.