Property Overview: 651 Pasadena Avenue, Fort Richmond, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1961, situated on a notably generous lot in Winnipeg's Fort Richmond neighborhood. The primary appeal lies in the balance between its modest, renovated living space (954 sq ft) and its expansive, above-average land area (7,560 sq ft). While the house itself is smaller and older than many in the immediate area, it offers a renovated basement and represents a more accessible price point, as reflected in its below-average assessed value for the street and neighborhood.
This property would best suit practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a smaller footprint, or an investor looking for a land-advantaged property in a established area. The large lot is a standout feature, offering significant outdoor space for gardening, recreation, or future expansion—a rarity compared to newer subdivisions. It appeals to those who prioritize land size and location over a large or modern house, and who see potential in the existing renovations and the lot itself.
Frequently Asked Questions
1. Is the house too small for a family?
While the living area is compact, the renovated basement provides additional flexible space. The large yard effectively extends the living area, especially in warmer months, making it suitable for a small or young family that values outdoor space.
2. Why is the assessed value lower than the neighborhood average?
The assessment reflects the home's smaller size and older age compared to many homes in Fort Richmond. The value is primarily anchored by the desirable lot size and location, with the dwelling itself contributing a smaller proportion of the total value.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finish quality, permits, and the nature of the renovation (e.g., cosmetic updates versus structural/foundation work) to understand its value and condition.
4. How does the lack of a garage affect daily living?
The property has no garage, which is a consideration for vehicle storage, workshop space, and winter weather. The large lot, however, may provide ample space for adding a parking pad or future garage, subject to local zoning regulations.
5. The home is older—what should I be most concerned about?
Given its age (1961), key focus areas during an inspection would include the roof, original plumbing and electrical systems, foundation integrity, and insulation. The recent basement renovation may have addressed some of these items, but due diligence is essential.