Property Overview: 641 Grierson Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1959, situated on a notably generous lot in the Fort Richmond neighborhood. Its primary appeal lies in the significant land size—over 8,000 sq ft—which ranks well above average for both the area and the city, offering substantial outdoor space and future potential. The home itself is modest at 912 sq ft of living area, placing it below average in size for the immediate street and neighborhood, but it features a renovated basement. There is no garage or pool.
The property suits practical buyers looking for a solid foundation in a well-established area. It’s ideal for a first-time homeowner comfortable with a smaller, older footprint who values a large yard for gardening, recreation, or future expansion. It also appeals to value-focused investors or downsizers seeking a manageable property with land assets that outperform many city lots. The assessed value of $370k is around the city-wide average, suggesting the price reflects the trade-off between the older, smaller home and the premium lot size.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 912 sq ft, the living area is below average for Grierson Avenue, Fort Richmond, and even the wider city. This indicates a cozier, more efficient layout rather than a spacious one.
2. What is the significance of the lot size?
The 8,032 sq ft lot is a key feature. It ranks above average for Fort Richmond and is in the top 11% city-wide, offering much more outdoor space than typical Winnipeg lots.
3. Has the property’s value been stable?
Based on available sold price ranges, the property has appreciated since 2017. Its current assessed value of $370k sits around the city-wide average for comparable homes.
4. What should I consider about the age of the home?
Built in 1959, the home is older than most on its street and in Fort Richmond. While the basement has been renovated, prospective buyers should budget for potential updates to major aging components like the roof, wiring, or plumbing.
5. Who are the most likely buyers for this property?
It best suits first-time buyers or downsizers who prioritize land size over interior square footage. The large lot also makes it a candidate for those with long-term renovation or addition plans, subject to local zoning.