Property Overview: 67 Macalester Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond presents a compelling mix of space, value, and potential. Its standout feature is the exceptionally large lot—at nearly 11,850 square feet, it ranks in the top 5% of the neighbourhood and city. This offers rare privacy and room for expansion, gardens, or recreation that is hard to find in newer developments. The home itself, built in 1965, has a renovated basement and a living area that is modest for the street but average for the wider city. It also includes a pool, adding a recreational amenity not found in every property.
The appeal lies in a value proposition centered on land. The assessed value is above average for the area, suggesting the property is well-regarded, yet the lot size offers disproportionate value for that assessment. It suits a buyer looking for a solid, move-in-ready bungalow with immediate outdoor living space via the pool, but whose real vision is for the future—whether that's extensive landscaping, a major addition, or simply enjoying one of the largest private yards in the community. It’s a practical home with a standout asset.
Frequently Asked Questions
1. How does the lot size compare to a typical new build?
This lot is approximately 80% larger than the current city-wide average for comparable homes, offering a significantly more generous outdoor space than most modern subdivisions.
2. The living area is noted as "below average" for the street. How significant is this?
While smaller than some direct neighbours, the home’s footprint is very close to the Winnipeg average. The renovated basement and the massive lot effectively expand the usable living and recreational space beyond the main floor square footage.
3. What does an "above average" assessed value indicate?
It generally reflects that the municipal assessment—used for calculating property taxes—considers this property more valuable than many peers in the area. This is likely influenced by the renovated basement, the pool, and particularly the premium lot size.
4. Is the pool a factor in the value and maintenance?
Yes. It adds immediate summer utility and appeal but requires seasonal maintenance and consideration for safety and operating costs. It contributes to the property's above-average assessment and unique character.
5. Who would this property not suit as well?
Buyers seeking a modern, low-maintenance property with a small yard may find the lot size more responsibility than advantage. Similarly, those whose primary need is for a very large interior living space on one level might find the layout modest without considering the basement and outdoor potential.