67 Mount Allison Bay

Property Overview: 67 Mount Allison Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Fort Richmond is a compact, single-level dwelling built in 1972, featuring a renovated basement and a detached garage. With 864 square feet of living space, it is notably smaller than most homes in its immediate neighborhood and the wider Fort Richmond area. However, it sits on a decently sized lot of over 5,700 square feet, which is more in line with city-wide averages and offers valuable outdoor space.

The primary appeal lies in its efficiency and lot potential. It represents a more affordable entry point into the established Fort Richmond community, which is close to the University of Manitoba and major transportation routes. The renovated basement adds functional living space, a key upgrade for a home of this size. This property would best suit first-time buyers, downsizers looking for minimal stairs and maintenance, or investors seeking a rental property in a high-demand student and family area. A thoughtful perspective is that while the house itself is modest, the lot provides a canvas for future expansion or landscaping, offering long-term value that the current living area doesn't fully reflect.

Section 2: Frequently Asked Questions

1. Is the price competitive for the area?
Based on its last sold price and current assessed value, this home is positioned below the average for Fort Richmond. This reflects its smaller size, making it a more budget-conscious option in the neighborhood.

2. What does "renovated basement" typically mean here?
While specifics should be verified, in a home of this era and style, a renovated basement in Winnipeg often means it has been finished into a livable space, potentially adding bedrooms, a family room, or a secondary suite, which significantly increases the home's utility.

3. Who might find the smaller living area challenging?
The living area is well below the local average. Growing families or those who need multiple dedicated work-from-home spaces might find the main floor layout limiting without utilizing the basement.

4. What are the advantages of a detached garage?
A detached garage provides flexibility. It can be used for parking, storage, or as a workshop without impacting the home's living space for noise or fumes. It also presents future potential, though any structural changes would require proper permits.

5. How does the year built affect this home?
Built in 1972, the home is older than the city-wide median. Buyers should budget for potential updates to major aging components like the roof, windows, or heating system, while also appreciating the established character and mature lot.