602 Townsend Avenue

Property Overview

602 Townsend Avenue is a well-maintained one-storey home in Fort Richmond, built in 1962. With 1,108 sqft of living space and an attached garage, it sits on a 6,472 sqft lot. The home features a renovated basement. Its assessed value of $410k positions it above average for its immediate street but around the middle range for the wider neighborhood and city.

Section 1: Key Characteristics & Appeal

This home’s primary appeal lies in its balance of established character and practical updates within a mature neighborhood. Its above-average assessment value on Townsend Avenue suggests it is a standout property on its street, likely due to the renovated basement and overall condition. The lot size is a notable asset—while average for Fort Richmond, it is above average citywide, offering good outdoor space for the footprint.

The property would suit first-time buyers or downsizers looking for a manageable, single-level layout without sacrificing yard space. It’s also a pragmatic choice for value-focused buyers who appreciate a home that already has key renovations done, particularly in the basement, and who see potential in a property that outperforms its direct street peers. The data suggests you’re paying more for the condition and lot than for sheer square footage, making it ideal for those who prioritize lot size and move-in readiness over having a larger, newer-built home.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others?
At 1,108 sqft, the living area is slightly below the average for both Townsend Avenue and the Fort Richmond area, but it is close to the citywide average. This indicates a comfortable, mid-size home for the market.

2. Why is the assessed value higher than many on the same street?
The assessment ranks in the top 25% on its street. This is typically driven by factors like the renovated basement, overall upkeep, and the property’s lot value, suggesting it is in better condition or has more desirable features than many of its immediate neighbors.

3. Is the older build year (1962) a concern?
While older than most homes on its street and in Fort Richmond, its year of build is near the citywide average. The renovated basement indicates some systems have been updated. A thorough inspection is always recommended for homes of this age.

4. What is the significance of the lot size?
The 6,472 sqft lot is above average compared to all homes in Winnipeg. For the neighborhood, it’s about average. This means you get a very typical yard for Fort Richmond, but more outdoor space than you would in many other parts of the city.

5. Where can I find the exact historical sale price?
The listed sale history shows a range. The exact sale price is available by request from the website, which provides the accurate figure manually via email at no cost and without marketing spam.