Property Overview: 58 Rice Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1977, offering a practical and updated living space in the established Fort Richmond neighbourhood. Its key appeal lies in its balance of a renovated basement, attached garage, and a manageable 1,262 sqft footprint, all positioned on a standard city lot. The home presents as a solid, move-in-ready property without extreme highs or lows in its metrics—its living area, assessed value, and lot size are all around the average for the city, but it stands out on its street for being newer than most comparable homes.
This property would suit first-time buyers or downsizers seeking the convenience of single-level living with the added flexible space of a finished basement. It’s also a pragmatic fit for an investor or buyer who values a recent, modern renovation over original character, and who prefers a home that doesn’t require immediate work. A less obvious perspective is that its "average" rankings across the board suggest a stable, predictable value proposition in a neighbourhood context, potentially offering a lower-risk entry point into the market compared to more unique or outlier properties.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 5,826 sqft is below the average for both Rice Road and the wider Fort Richmond area. This means the yard space may be more compact than some neighbours, but it is still very close to the Winnipeg city-wide average for comparable homes.
2. Is the home older or newer than others nearby?
Built in 1977, this home is actually newer than most comparable houses on its street and in Fort Richmond, ranking in the top 16% locally. This can be an advantage for systems and structure relative to other homes of a similar style in the area.
3. What does the "around average" assessed value indicate?
With an assessed value around $430k for similar homes on its street, the property sits in a middle range. This suggests it is unlikely to be over-improved for the area, which can be positive for property taxes and resale, but buyers should always verify with a current market evaluation.
4. What is included in the renovation?
The listing specifies a renovated basement. Prospective buyers should inquire about the scope, quality, and permits for this renovation, as well as the condition and age of major mechanical systems (roof, furnace, etc.) in the main home, which was built nearly 50 years ago.
5. How can I find out the exact historical sale price?
The listed sale price range is based on public data. The page states that you can request the exact sold price history by providing your email to the site, which promises to send the accurate figure manually without using your information for unsolicited marketing.