Property Overview
This 1971 bi-level home at 59 Wadham Bay in Fort Richmond presents a practical opportunity in a well-established Winnipeg neighbourhood. With 933 sqft of living space, it is a more compact home compared to many in the area, but it features a renovated basement and an attached garage. The lot is a notable aspect at 6,870 sqft, offering above-average outdoor space citywide. The assessed value of $410k is around the average for the immediate street and neighbourhood. Its appeal lies in its efficient layout, updated lower level, and the potential of its generous lot. This property would suit first-time buyers, downsizers, or investors looking for a lower-maintenance home with a solid foundation in a convenient location, where the value may be more in the land and location than in the square footage.
Frequently Asked Questions
Is the living area too small?
At 933 sqft, the home is below the average size for Fort Richmond. However, the renovated basement effectively adds usable living space, making the layout more functional than the main floor square footage alone might suggest.
What does the assessed value ranking mean?
The $410k assessment is ranked around average for the street and neighbourhood, but in the top 36% citywide. This suggests the property holds its value well in a broader Winnipeg context, likely due to its lot size and location.
How does the lot size compare?
The 6,870 sqft lot is a key feature. It's above average compared to the entire city, providing significant outdoor space that is less common in newer developments, offering room for gardening, play, or expansion.
What is the significance of the Year Built ranking?
Built in 1971, this home is newer than many on its street (top 21%). This can imply potentially fewer immediate major repairs compared to older peers, though a full inspection is always recommended.
Can I find out the exact historical sale price?
The listed sale price range is based on public data. The exact sold price from October 2021 is available by request via email from the listing service, which they provide manually without using your email for marketing.