Property Overview: 627 Pasadena Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 1,220 sqft one-storey home, built in 1986, presents a practical and modernized living space in the established Fort Richmond neighborhood. Its key appeal lies in its recent, high-quality updates and its strong standing relative to the local market. The home features a renovated basement and an attached garage. While the living area is average for the street and city, the property excels in other metrics: its assessed value ranks in the top 15-24% across all comparison levels, indicating a premium valuation for its condition and updates. Notably, its 1986 build year is significantly newer than most neighbors, placing it in the top 3% of homes in Fort Richmond for age—a less obvious advantage that suggests more contemporary construction standards and potentially lower immediate maintenance costs. The lot, at 5,641 sqft, is smaller than most on the street but is close to the city-wide average.
This home would suit buyers looking for a move-in-ready, single-level layout without the upkeep of an older property. It’s ideal for downsizers, first-time buyers seeking a modernized home, or investors attracted by its above-average assessment and recent sale history. Its location offers the convenience of nearby University Crescent.
Frequently Asked Questions
1. How does the home’s age compare to others in the area?
Built in 1986, this home is notably newer than most in Fort Richmond, ranking in the top 3% for its recent build year. This often translates to modern wiring, plumbing, and insulation standards.
2. The lot size seems smaller than others on the street. Is that a concern?
The lot is below average for Pasadena Avenue but is close to the Winnipeg average. This typically means less yard maintenance and can be a positive for those prioritizing interior space and updates over extensive outdoor space.
3. What does the "above average" assessed value indicate?
With an assessed value ranking in the top 15% on its street and top 19% in Fort Richmond, the property is officially valued higher than most comparable homes. This often reflects recent renovations, desirable features, or overall condition, though it also influences property tax.
4. Has the home been sold recently?
Yes, public records indicate a sale occurred in May 2023. Exact sale prices are not publicly listed in detail, but the provided range suggests market activity was consistent with the home’s assessed value.
5. What are the main advantages of this specific location on Pasadena Avenue?
The location offers the quiet of a residential street with immediate proximity to major routes like University Crescent, providing quick access to the University of Manitoba, retail plazas, and perimeter highway connections.