Property Overview: 58 Greyfriars Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is defined by its generous 7,570 sqft lot, which is notably larger than most in the area and across Winnipeg. Built in 1970, the house itself is a manageable 1,023 sqft with a renovated basement and a detached garage. Its assessed value is modest relative to the city, positioning it as an accessible entry point.
The primary appeal lies in the land itself. The lot size offers rare potential for expansion, gardening, or outdoor living in a mature neighbourhood. The home suits practical buyers looking for a solid foundation—perhaps first-time homeowners, downsizers seeking single-level living, or investors attracted by the land value and the area's stability. It’s a property where the future possibilities of the lot may be as compelling as the existing house. The recent basement renovation adds modern livability, making it move-in ready while leaving room for the next owner to imprint their vision, particularly on the expansive outdoor space.
Frequently Asked Questions
1. How does the property’s size compare to the neighbourhood?
The living area is slightly below average for Fort Richmond, but the land area is in the top 20% for the neighbourhood, offering a larger-than-typical yard.
2. What is the significance of the assessed value being "around average" citywide?
While the assessed value is around the Winnipeg average, it's below average for Fort Richmond specifically. This can indicate a more affordable entry into the neighbourhood compared to other local options.
3. Has the property value increased?
Based on available sold price ranges, the property sold for significantly more in 2023 than in 2022, suggesting a notable increase in market value over that period.
4. What are the practical implications of a "renovated basement"?
This adds immediate finished living space without the need for initial investment. It’s important to clarify the scope of the renovation, including permits, moisture control, and the quality of finishes.
5. Who might the detached garage benefit most?
It’s ideal for owners with a vehicle, needing workshop space, or seeking extra storage. It also offers flexibility that an attached garage does not, potentially appealing to hobbyists or those with multiple vehicles.