Property Summary: 616 Avila Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a classic, one-storey home built in 1965, situated on a generous 6,466 sqft lot in the established Fort Richmond neighbourhood. With 1,104 sqft of living space, the home is compact and manageable, featuring a renovated basement and a detached garage. Its appeal lies in its solid foundation and potential. The lot size is notably above the city-wide average, offering valuable outdoor space for gardening, play, or future expansion that is less common in newer subdivisions. While the living area is modest compared to some neighbours, the renovated basement adds functional space.
The property suits first-time buyers or downsizers looking for an entry point into a mature community without a massive footprint to maintain. It’s also a sensible fit for value-oriented investors or handy buyers who see potential in the solid lot size and the character of an older home, viewing it as a canvas for gradual updates. The assessed value is stable and in line with the local area, suggesting a fair market entry point rather than a premium for flashy finishes.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,104 sqft, the living area is below the average for both Avila Avenue and the Fort Richmond area, but close to the Winnipeg city-wide average. It’s a comfortably sized bungalow, with the renovated basement providing additional usable space.
2. Is the lot size a significant feature?
Yes. The 6,466 sqft lot is a standout, ranking in the top 23% city-wide. This is a substantial parcel for the city, offering more private outdoor space than many newer properties.
3. What does the assessed value tell me?
The assessed value of $40,200 is consistently around the average for the immediate street, the neighbourhood, and the city. This indicates the property is priced in line with fundamental market valuations for its type and area.
4. The home was built in 1965. What should I consider?
While the systems and structure of a 59-year-old home will require diligent inspection, the data shows it is actually newer than many on its street. Its age is typical for the mature Fort Richmond community. The renovated basement is a positive update.
5. What is the recent sales history?
The home sold in July 2022 for between $38,500 and $41,500. This recent sale provides a concrete benchmark, showing the current assessed value is consistent with its market price from just a few years ago.