Property Overview
This one-storey home at 62 St Edmund's Bay in Fort Richmond is a solid, mid-century property that offers practical living in a well-established neighbourhood. Built in 1972, it features 1,266 sqft of living space, a renovated basement, and an attached garage on a 6,589 sqft lot. Its assessed value is approximately $428,000.
Key Characteristics & Appeal
The home’s primary appeal is its balance and established location. It sits comfortably within the averages for its street and neighbourhood in terms of size and value, representing a stable, known quantity in the market. A key, less obvious strength is its lot size: while it's below average for St Edmund's Bay, it ranks in the top 21% city-wide, offering more outdoor space than most Winnipeg homes. The renovated basement adds functional living space, and the one-storey layout is a significant advantage for those seeking accessibility or single-level living.
This property would suit practical buyers—first-time homeowners, downsizers, or investors—who value a move-in ready home in a mature neighbourhood without extreme premiums or compromises. It’s for someone who appreciates a larger-than-city-average yard and the potential of a 1970s build that is among the newer homes on its own block.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
A nearby, very similar home at 87 Leeds Avenue (built 1973, 1,274 sqft) sold in early 2020 for between $325,000 and $355,000. Given the current assessed value and market trends, this provides a useful benchmark for price progression.
2. Is the lot size a disadvantage?
While the lot is smaller than others on St Edmund's Bay, it is actually larger than the typical Winnipeg lot. This means you get a decent-sized yard compared to the broader city, even if it’s not the largest on the street.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent to understand the finish quality, layout, and whether it includes a legal suite or additional bedrooms.
4. How does the age of the home affect maintenance?
Built in 1972, major components like the roof, windows, and mechanical systems may be nearing or past their typical lifespan. A thorough inspection is recommended to budget for potential updates, though the home's age is typical for the area.
5. Why is the year built ranked so highly on this street?
The data shows this 1972 home is the newest or among the newest on its block, ranking in the top 4% on St Edmund's Bay. This suggests the surrounding houses are older, which can be an advantage for relative modernity but may also indicate a neighbourhood with slower turnover and fewer recent builds.