Property Overview: 51 Laval Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home, built in 1965, presents a practical opportunity in a mature neighbourhood. Its key appeal lies in a combination of above-average space and a recent, successful sales history. The 1,360 sqft living area is notably larger than many comparable homes on its own street, and the property sits on a generous 6,873 sqft lot that ranks well above average both locally and city-wide. This offers valuable outdoor space and potential. The home features a renovated basement, adding functional living area. Notably, it sold most recently in late 2024 at a price that ranked in the top tier compared to similar sales, suggesting strong market reception.
The property suits first-time buyers or downsizers looking for a solid, single-storey layout in an established area without the premium of a newer build. Its consistent assessed value, which is average for the area, indicates a stable, predictable investment rather than a speculative play. The lack of a garage may require creative parking or storage solutions but is offset by the larger lot. This home appeals to those who value interior space and yard size over modern fixtures and attached parking.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s assessed value is very typical for Fort Richmond, ranking near the middle of the pack. However, its recent sold price was in the top 25% of area sales, indicating buyers have been willing to pay a premium above its assessed value, likely due to its condition, lot size, or recent updates.
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, the inclusion of a secondary suite or rental potential, and moisture control, which is a key consideration for basements in homes of this era.
3. Is the lack of a garage a significant drawback?
This depends on the buyer’s needs. While many homes in Winnipeg have garages, its absence is reflected in the property’s profile. The larger-than-average lot may provide room for adding a garage or shed in the future, subject to local bylaws.
4. The home was built in 1965. What should I be aware of?
As with any home from the 1960s, the roof, windows, plumbing, and electrical systems should be carefully evaluated to understand their age and condition. The recent basement renovation may have addressed some updates, but a thorough inspection is recommended.
5. How stable is the value on this street?
The data shows consistent sales activity on Laval Drive with homes of similar age and size. The property’s living area and lot size rank above average on the street, which are positive factors for value retention. The recent sale at a strong price point suggests sustained demand for well-positioned homes in this location.