Property Overview: 596 Townsend Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is defined by a compelling contrast between its generous land and its modest, efficiently designed living space. Sitting on an 8,524 sqft lot that ranks in the top 10% city-wide for size, the property offers significant outdoor potential—a rarity that appeals to those valuing space for gardens, recreation, or future expansion. The 1,290 sqft living area is above average for its immediate street and provides practical, single-level living. A key modern update is the renovated basement, adding functional space without the need for a major project.
Built in 1960, the home is older than most in the neighborhood, which may hint at classic construction quality but also suggests buyers should be mindful of the age of major systems. The detached garage offers flexible storage or workshop space. Its assessed value is notably lower than many area comparables, which could indicate a more accessible entry point into the market or reflect the home’s vintage. This property would best suit practical buyers or downsizers looking for a manageable single-level layout without sacrificing yard space, or value-oriented purchasers who see potential in the large lot and are prepared for the considerations that come with an older home.
Frequently Asked Questions
1. What does the assessed value tell us about the listing price?
The assessed value is a municipal valuation for tax purposes and is often lower than market value. While it suggests the home may be priced below many area comparables, the final sale price is determined by current market conditions, the home’s updated features (like the basement), and buyer demand.
2. How significant is the large lot size?
Very. A lot of this size (over 8,500 sqft) in a established neighborhood is uncommon. It provides ample private outdoor space, potential for landscaping, gardening, or adding structures like a shed or deck, and is a long-term asset that adds to the property’s value.
3. Are there any concerns with a home built in 1960?
As with any home of this age, a thorough inspection is essential. While the basement has been renovated, attention should be paid to the condition of the roof, windows, plumbing, electrical systems, and the foundation, as some original components may be nearing the end of their service life.
4. Who would benefit most from the single-storey layout?
This layout is ideal for those seeking accessibility and ease of living, such as empty-nesters, retirees, or individuals with mobility considerations. It also suits buyers who prefer having all living spaces on one level without stairs.
5. What is the neighborhood (Fort Richmond) like?
Fort Richmond is a mature, well-established community in Winnipeg, often associated with proximity to the University of Manitoba, good schools, and extensive park pathways along the Red River. It offers a blend of residential quiet and convenient amenities.