Property Overview: 596 Patricia Avenue, Fort Richmond, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This well-situated one-storey home in Fort Richmond presents a compelling blend of space, value, and potential. Its standout feature is the exceptionally large lot—over 10,300 square feet—which ranks in the top 4% on its street. This offers rare privacy and room for gardens, play, or future expansion in a mature neighbourhood. The living area is a comfortable 1,476 sqft, supported by a renovated basement, and the home includes an attached garage. Built in 1965, it is a classic, solid property.
The appeal lies in its strong value proposition and versatility. The assessed value consistently ranks above average for the area, suggesting good municipal valuation. The generous lot size is a long-term asset not easily found in newer subdivisions. It suits practical buyers looking for a single-level layout, possibly downsizers or young families seeking outdoor space. It’s also a fit for value-oriented purchasers who see potential in a home that may benefit from modern updates over time, all set on a truly premium-sized parcel of land.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The land area of 10,332 sqft is a major advantage. It is significantly larger than the average lot on Patricia Avenue (~6,775 sqft) and city-wide (~6,570 sqft), offering substantial outdoor space.
2. What does the "above average" assessed value indicate?
The assessed value of $46,500k ranks in the top 22% for Fort Richmond. This generally reflects a favourable municipal assessment compared to similar homes, which can be a positive indicator, though market value is determined by buyer demand.
3. Is the living space suitable for a growing family?
With nearly 1,500 sqft of living space plus a renovated basement, the home provides ample room. Its single-storey layout may appeal to those preferring minimal stairs, but the large lot offers room for an addition if needed.
4. What is the neighbourhood context for this 1965 home?
While the home itself is older, its build year is around the neighbourhood average. Fort Richmond is an established area, meaning this home fits the community’s character, with the trade-off being potential future maintenance or update projects common for homes of this era.
5. What was the recent sale history?
Public records indicate a sale between $50.50k and $53.50k in February 2022. For the exact sale price, you can request details via email from the listing source.