Property Overview
58 Newcastle Road is a well-situated bi-level home in Fort Richmond, offering a practical layout with a renovated basement and an attached garage. Its key appeal lies in its balance of a generous, above-average city lot with a manageable, efficient living space. The home presents a clear value proposition, particularly for specific buyer profiles.
Key Characteristics & Buyer Suitability
The home’s living area of 933 sq ft is compact, placing it below average for both the immediate street and the wider Fort Richmond area. This positions it as an efficient, lower-maintenance property rather than a spacious family home. Its strongest asset is the land: at nearly 7,000 sq ft, the lot size is above the Winnipeg average, offering excellent outdoor potential. Combined with a renovated basement, this creates a balance of usable indoor and outdoor space.
The appeal here is grounded in value and potential. With an assessed value that is average citywide but below average for its own neighbourhood, it represents a more accessible entry point into the desirable Fort Richmond area. The "elite" ranking for its year built on Newcastle Road (top 3%) is a notable, less obvious point; it suggests this home is among the very newest on its street, which can be advantageous for systems and upkeep.
This property would best suit first-time buyers seeking a foothold in a strong community, downsizers looking for minimal interior upkeep but who still value garden space, or value-oriented investors attracted by the neighbourhood's fundamentals and the renovated basement suite potential (subject to verification).
Frequently Asked Questions
1. Is the home particularly small?
Yes, at 933 sq ft, the living area is below the average for both Fort Richmond and the immediate street. It’s a compact, efficient layout ideal for those seeking simpler living or looking to maximize the value of the larger lot.
2. What does the "elite" ranking for year built mean?
This statistical note indicates that, compared to its 34 direct neighbours on Newcastle Road, this 1973 home is the newest or among the very newest. This is a relative positive for maintenance compared to older homes on the same block.
3. How does the lot size compare?
The lot is a significant feature. At 6,956 sq ft, it is larger than the typical Winnipeg lot, offering more private outdoor space than many city properties—a key advantage for gardening, recreation, or future expansion.
4. Why is the assessed value below the neighbourhood average?
The below-average assessment for Fort Richmond likely reflects the home's smaller living area. This can be an opportunity, as it may translate to a relatively lower property tax burden while still providing access to the area's amenities and community.
5. Where can I find the exact historical sale price?
The listed sale price range is based on public data. To obtain the precise sale price from March 2023, you must request it directly via the email link provided on the listing page. The service is manual but prompt, with no attached marketing spam.