661 Patricia Avenue

Property Summary: 661 Patricia Avenue, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This 1965-built, four-level split home at 661 Patricia Avenue offers a practical and spacious layout in the established Fort Richmond neighbourhood. With 1,742 sqft of living space, it provides significantly more room than many comparable homes on its street and in the wider area, ranking in the top 16-21% for size. A key feature is its renovated basement, adding functional living space. The property sits on a 5,827 sqft lot, which is more compact than many in Fort Richmond but is close to the city-wide average.

Its primary appeal lies in its efficient use of space and its position as a larger-than-average home in the area without a corresponding premium in its assessed value, which sits around the local average. This creates a value proposition for buyers seeking room to grow without moving to a newer, more expensive suburb. The home would suit practical buyers—such as young families, multi-generational households, or those needing a home office—who prioritize interior space over a large yard. Its average assessment for the street and neighbourhood suggests it's a stable, mid-range property without extreme taxes or valuation, appealing to those seeking predictability.

Section 2: Frequently Asked Questions

1. How does the living space compare to nearby homes?
This home is notably larger than many in the immediate vicinity. It ranks in the top 16% on Patricia Avenue for living area, offering about 460 sqft more than the street's average comparable home.

2. Is the assessed value typical for the area?
Yes. The assessed value is around the average for both Patricia Avenue and the broader Fort Richmond neighbourhood, ranking it in the middle third of comparable properties. This suggests its municipal taxes are likely in line with similar homes.

3. What should I know about the lot size?
The lot is 5,827 sqft, which is below the average for Fort Richmond. This means the yard space is more compact, but it may translate to less exterior maintenance. The lot size is closer to the Winnipeg city-wide average.

4. The home was built in 1965. What does that imply?
As a home from the mid-60s, it is older than many in Fort Richmond (ranking in the top 80%, meaning 80% of area homes are newer). Buyers should budget for age-related updates, but the renovated basement is a positive modernizing feature.

5. How has its value changed based on past sales?
Public data shows it sold in late 2021 and early 2018. The 2021 sale price range placed it in the top 15% of values for the street at that time, indicating a period of strong value growth following its 2018 sale, which was around the area average.