Property Overview: 54 Newcastle Road, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical and straightforward property built in 1973. Its key feature is a renovated basement, adding valuable finished living space to the 1,204 sqft main floor. The lot is a notable asset, at nearly 7,000 sqft, which is above the city-wide average, offering ample outdoor space. The home includes a detached garage.
Its appeal lies in its modesty and potential. The living area and assessed value are below average for its immediate street but are competitive within the broader Fort Richmond area, suggesting it represents a more accessible entry point into the neighbourhood. The generous lot size is a significant long-term advantage, whether for gardening, play, or future expansion. The renovated basement provides immediate utility without the need for a major project.
This home would best suit first-time buyers or practical downsizers looking for a manageable, single-level layout in a well-established area. It’s a fit for those who value private outdoor space over a large interior footprint and who appreciate a home that offers some modern updates (the basement) while accepting that other elements reflect its era.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s assessed value is around the neighbourhood average but is below the average for houses directly on Newcastle Road. This can indicate a more affordable option on a street of otherwise similar homes.
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, ceiling height, permits, and whether it includes a bathroom or separate entrance to understand its full value.
3. Is the lot size a significant advantage?
Yes. At 6,956 sqft, the lot is larger than the typical Winnipeg property. This provides more privacy, space for sheds or gardens, and future potential that many newer lots in the city do not offer.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise in the home. However, it requires going outside to access your vehicle, which is a consideration during Winnipeg winters. The condition and size of the garage should be verified.
5. The home sold in late 2021. What can that price history tell me?
The sold price range from 2021 provides a recent market benchmark. Comparing it to the current asking price shows market movement over the past few years. For the exact historical sold price, you can request it directly from the listing service.