Property Overview & Appeal
This well-situated Fort Richmond home at 55 Temple Bay presents a compelling opportunity, particularly for its generous proportions. Built in 1965, its key characteristic is its above-average living space of 1,806 sqft, which ranks in the top 6% of homes on its own street. The property sits on a large 7,278 sqft lot, offering ample outdoor space that is well above the city-wide average. A recently renovated basement adds functional living area, and the home includes a detached garage.
The appeal lies in the combination of substantial interior space and a sizable lot in an established neighbourhood. It suits buyers looking for room to grow without the footprint of a multi-storey home, or those who value a larger yard for gardening, recreation, or future expansion. The renovated basement also appeals to those needing a separate living space, a home office, or a recreational room. A thoughtful perspective is that this property offers the "bones" of a larger home from an era with generous room sizes, providing a solid foundation for both comfortable living and potential future updates.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living area is notably larger than most, ranking in the top 6% on Temple Bay and the top 16% within the broader Fort Richmond area.
2. What is the condition of the basement?
The listing specifies the basement has been renovated, but viewing the property is essential to assess the quality, finish, and layout of this updated space.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is one data point for municipal tax purposes. The sold price history shows a transaction in July 2023, and current market conditions will ultimately determine the value. The exact historical sold price can be requested directly from the listing source.
4. What are the implications of a home built in 1965?
While the structure is sound and from an era known for durable construction, a prospective buyer should budget for potential updates to major systems like plumbing, electrical, or the roof, and consider the style of original features that may remain.
5. How does the detached garage affect utility?
A detached garage offers flexibility and can reduce noise from vehicles entering and exiting. However, it requires going outdoors to access the main house, which is a consideration during Winnipeg's winter months.