Property Overview: 664 Patricia Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a practical opportunity centered on its lot and location. Built in 1964, the 1,038 sqft house is modest in size compared to others on the street and in the neighbourhood, but it sits on a notably generous 6,602 sqft lot—ranking above average city-wide. This significant land area is the property's standout feature, offering ample outdoor space and future potential in a mature area. The home includes a renovated basement and a detached garage.
Its appeal lies in its straightforward, no-frills footprint and the value of the land itself. It suits a buyer looking for an entry point into a stable neighbourhood like Fort Richmond, who values private outdoor space over a large interior, or who is comfortable with a home that may require updates. It could also attract an investor or builder who sees long-term value in the lot size. The assessed value is below average for the immediate area, which may indicate a value-conscious starting point, but the exact sale price history requires a direct inquiry.
Section 2: Frequently Asked Questions
1. Is the house in move-in condition?
While the basement is noted as renovated, the main living area is a modest size for the neighbourhood and the home is over 60 years old. Buyers should be prepared for potential updates to the main floor systems and finishes.
2. What can I do with such a large lot?
The lot is significantly larger than many city-wide. This allows for extensive gardening, recreational space, or the potential for future additions like a shed, workshop, or expanded decking, subject to local bylaws.
3. How does the assessed value relate to the likely selling price?
The assessed value for municipal taxes is often different from market value. Here, it's below the average for Fort Richmond, but recent sold prices on the street have varied. For an accurate comparison, you need to request the exact sold price history for this address.
4. What are the implications of a detached garage?
A detached garage provides flexible use separate from the house but means dealing with snow removal and maintenance on an additional structure. It may also be situated to allow for better use of the large lot elsewhere.
5. How does the living area size impact daily life?
At 1,038 sqft, the living space is compact. This efficiency can mean lower utility costs and less upkeep, but it requires thoughtful space management, especially if the basement is not fully developed as everyday living space.