Property Overview: 63 Magdalene Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a compelling blend of space, value, and location. Its primary appeal lies in its generous 8,469 sqft lot, which ranks within the top 10-14% of properties in the area and city-wide, offering significant outdoor space that is increasingly rare. The home itself, at 1,076 sqft, is comfortably sized and sits on a street with homes of similar scale. A key feature is the renovated basement, adding valuable finished living space. The attached garage provides convenience, especially during Winnipeg winters.
The property’s assessed value is notably strong for its immediate street, ranking in the top 8%, suggesting it is a standout property on Magdalene Bay. Built in 1972, it is slightly newer than many area comparables. This combination suits buyers looking for a manageable single-level layout without sacrificing yard size—ideal for families, gardeners, or those who value privacy and room to expand outdoors. It’s a grounded choice for someone prioritizing land over a large interior footprint, offering a sense of value and potential in a mature neighbourhood.
Frequently Asked Questions
1. What does the assessed value ranking mean for this property?
The assessment ranks in the top 8% on its own street, indicating it is valued higher than most direct neighbours. This often reflects the home’s condition, the renovated basement, and its large lot. City-wide, its assessment is around average, suggesting it is priced consistently with the broader market for its type.
2. Is the living space sufficient for a family?
At just over 1,000 sqft plus a renovated basement, the home offers a functional layout for a small to medium-sized family. The single-storey design is accessible and easy to maintain. The true advantage is the substantial yard, which provides crucial extra "living" space for children and entertaining.
3. How does the lot size compare to typical properties?
The lot is a significant feature. It is larger than approximately 90% of homes in Winnipeg and 86% in Fort Richmond. This offers exceptional outdoor potential, from gardening to additions, and generally provides more privacy than newer subdivisions.
4. What is the neighbourhood like?
Located in the established Fort Richmond area, it offers mature landscaping and a settled community feel. The data shows homes on this street are very similar in age and living area, contributing to a consistent streetscape. Proximity to the University of Manitoba is a key draw for many.
5. Where can I find the exact historical sale price?
The listed sale history shows a range. To obtain the precise sale price from August 2022, you can request it via email through the listing portal. This service is provided manually without marketing spam, with details typically sent by the end of the same business day.