Property Overview: 623 Dalhousie Drive, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This well-situated Fort Richmond home, built in 1974, presents a practical and grounded opportunity. Its key strength lies in the generous 7,197 sqft lot, which is notably larger than many in the immediate area and ranks within the top 15-17% of comparable properties. This offers valuable outdoor space and potential. The home itself is a manageable 1,162 sqft one-storey layout with a renovated basement and an attached garage, fitting a classic Winnipeg family neighbourhood profile.
The appeal here is one of solid fundamentals rather than flashy features. The assessed value is strong for the street, suggesting the property is well-regarded relative to its direct peers. It suits buyers looking for a established neighbourhood with larger lot sizes, who may prioritize space for gardening, children, or future additions over a brand-new build. It’s also a sensible match for those seeking a single-level living layout or a home where a basement suite (post-renovation) could be a possibility. The data indicates you’re buying into a street of similar vintage homes, offering neighbourhood consistency.
Frequently Asked Questions
1. How does the lot size compare to newer subdivisions?
This lot is significantly larger than those typically found in modern suburban developments, offering more privacy and yard space—a key advantage in this established area.
2. What does the "above average" assessed value on the street indicate?
It suggests that, according to municipal assessment, this property holds more value than most on its block. This can be a positive sign of its condition or features, but it's always wise to understand how this might relate to property taxes.
3. Is the living area smaller than average?
At 1,162 sqft, it is slightly below the city-wide average for homes. This highlights that the property’s value is more weighted toward its land and location. Buyers should ensure the interior layout meets their spatial needs.
4. The home sold in March 2020. How relevant is that price today?
The 2020 sale price provides a historical benchmark, but market conditions have evolved. It’s most useful for understanding price progression rather than determining current value.
5. What are the implications of the renovated basement?
A renovated basement adds functional living space. Potential buyers should inquire about the nature of the renovation, whether permits were obtained, and how the space is currently used (e.g., recreation room, potential suite).