6 Miami Place

Property Overview: 6 Miami Place, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond is defined by its substantial, above-average lot and a well-maintained vintage. Built in 1974, the house itself offers 1,338 sqft of living space, which is functional and typical for the area. The key standout is the property's 10,391 sqft land area, which places it in the top 6-13% when compared to homes locally and citywide. This presents a rare opportunity for a large yard, garden, or future expansion in a mature neighbourhood. The home features an attached garage and a renovated basement, adding practical living space.

Its appeal lies in this land-to-building ratio, offering space and privacy that is increasingly uncommon. The assessed value is consistently above average for its immediate street and wider area, suggesting the property is well-regarded in the market. It would suit a buyer looking for a solid, no-fuss bungalow layout with exceptional outdoor space—perfect for families, gardeners, or those who value room to breathe. It’s also a sensible option for someone comfortable with a home from the 1970s who may see potential in the existing structure or the generous lot itself.

Section 2: Frequently Asked Questions

1. How does the living area compare to the neighbourhood?
At 1,338 sqft, the living space is slightly below the average for Miami Place itself but is very close to the citywide average for similar homes. The interior space is balanced by the significant lot size and the additional renovated basement area.

2. Why is the assessed value higher than many neighbours?
The assessed value is in the top 15-25% for Fort Richmond, likely reflecting the desirable combination of a large, prime lot, a renovated basement, and the overall maintained condition of a property that is newer than many in the city.

3. What is the significance of such a large lot?
Beyond the obvious benefits of a large yard, a lot of this size (over 10,000 sqft) in a mature neighbourhood like Fort Richmond is a long-term asset. It offers unparalleled privacy and space for recreation, and may provide future potential, subject to zoning and bylaws.

4. The home was last sold in 2020. What does that price range indicate?
The sold price range from mid-2020 provides a historical benchmark, but market conditions have evolved. The current above-average assessment suggests the property's market value has been strong relative to its peers since that last sale.

5. What are the less obvious considerations for a home from 1974?
While the basement is renovated, the core systems (plumbing, electrical, roof) of a 52-year-old home should be a focus of inspection. Conversely, homes from this era are often praised for their sturdy construction and room layouts. The large lot also means higher exterior maintenance—consider the cost and time for lawn care, landscaping, and snow clearing.