6 Prescot Road

Property Overview: 6 Prescot Road, Fort Richmond, Winnipeg

Key Characteristics & Buyer Profile

This 1973 bi-level home at 6 Prescot Road presents a specific and practical value proposition. Its key characteristic is a clear contrast: while the 955 sqft living area is notably compact—ranking in the bottom 5% on its own street—it sits on an above-average, spacious lot of nearly 7,000 sqft city-wide. The home features a renovated basement and an attached garage. Its assessed value of $400k is positioned around the average for the area.

The appeal lies in this land-to-structure ratio. It suits a buyer who prioritizes land space and location in Fort Richmond over interior square footage. It’s a practical entry point into the neighbourhood, ideal for a minimalist household, a first-time buyer comfortable with a cozy layout, or an investor who sees potential in the generous lot. The renovated basement adds functional living space, offsetting the smaller main floor. A thoughtful perspective is that this property represents a "land play" in a mature neighbourhood—the value is anchored more in the property's location and lot size than in the current structure, which could appeal to those with long-term renovation or expansion plans.

Frequently Asked Questions

1. Is the living area truly sufficient for daily life?
At 955 sqft, the main living space is compact. However, the inclusion of a renovated basement effectively doubles the usable space, making it more functional than the square footage alone suggests. It’s best suited for individuals, couples, or small families.

2. How does the assessed value compare to recent sales?
The current assessed value is $400k. Public data indicates a sale in July 2019 for approximately $335k-$365k. For the exact historical sold price, you can request the information via email from the listing source.

3. What are the implications of the large lot size?
The nearly 7,000 sqft lot is a significant asset, offering ample outdoor space for gardening, recreation, or future additions like a deck or shed. It provides a sense of openness uncommon for homes at this price point in the city.

4. Is the age of the home (1973) a concern?
Built in 1973, the home is newer than many in Winnipeg. While it will have standard maintenance needs for its age, its construction date is above average for its immediate street, suggesting it may have benefited from slightly newer building standards and materials when built.

5. Who would this property not suit?
This home would likely not suit buyers who require substantial, open-concept living areas on one level or those with a larger family needing multiple bedrooms and bathrooms in the main footprint. The value here is in the land and location, not in spacious, modern interiors.