Property Overview: 51 Mapleridge Avenue, Fort Richmond, Winnipeg
Key Characteristics & Buyer Appeal
This well-maintained 1984 one-storey home in Fort Richmond offers a practical, low-maintenance layout with 1,040 sqft of living space and a renovated basement. Its primary appeal lies in its efficient use of space and its position as a newer build relative to its surroundings—it ranks in the top 4% for year built both on its street and in the wider neighbourhood. This suggests modern construction fundamentals compared to many area homes. The lot is modest for Fort Richmond at 4,719 sqft, which translates to less yard upkeep. A key, less obvious perspective is its value stability: the assessed value is very typical for Mapleridge Avenue itself, indicating it aligns well with its immediate peer group, which can be a positive for resale.
This property would suit first-time homebuyers seeking a move-in-ready starter home with a finished basement for extra space, or downsizers looking for a single-level living arrangement without the burden of a large property. It’s a pragmatic choice for those prioritizing a newer build date and manageable scale over a large footprint or extensive grounds.
Frequently Asked Questions
1. How does the property’s size compare to the area?
While the living area is above average for Mapleridge Avenue, it is below the average for the broader Fort Richmond neighbourhood. This highlights a trade-off: you get a more spacious interior than many direct neighbours, but a cozier footprint compared to typical area homes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the basement’s specific use (e.g., recreational room, additional bedroom, rental suite potential) to fully understand the added value.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value is for municipal tax purposes. The most recent sold price range (2024) is higher, which is common. The assessed value being average for the street, however, suggests the home is not an outlier in its immediate market, which is a useful benchmark.
4. There’s no garage. What are the parking options?
The listing indicates no garage. Prospective buyers should verify the driveway capacity and on-street parking regulations to ensure it meets their needs.
5. Why is the year built considered a standout feature?
Built in 1984, this home is among the newest 4% of homes both on its street and in Fort Richmond. This often implies updated building materials, wiring, and plumbing compared to much of the housing stock in the area, which can mean fewer major system updates in the near term.