Property Overview: 676 Patricia Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical property that balances a modestly sized, renovated living space with a generous lot. Built in 1964, its 1,035 sqft living area is below average for the immediate street and neighbourhood, but its 6,601 sqft land area is notably larger than many city-wide and street-level comparisons. The home features a renovated basement and a detached garage.
Its primary appeal lies in its efficient use of space on a larger-than-average lot, offering room for expansion, gardening, or outdoor living without the upkeep of a larger house. The renovated basement adds functional living space. It would suit first-time buyers or downsizers looking for a manageable home with outdoor potential, or investors attracted to a solid lot size in a stable neighbourhood. A thoughtful perspective is that while the house itself is compact, the land represents a significant portion of the property's long-term value and flexibility, which is a less common find in this price segment.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
The living area is somewhat smaller than the average home on Patricia Avenue and in Fort Richmond, but is close to the Winnipeg city-wide average. The lot size, however, is larger than most comparable city lots and is above average for the street.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent or during a viewing to understand the quality and functionality of the space.
3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is often different from market value. Recent sold price data for the area and similar homes, like the provided 2017 sale of this property, should be used as a more current reference point alongside a professional appraisal.
4. What are the implications of a larger lot?
A larger lot (6,601 sqft) provides more private outdoor space and potential for additions like a shed, deck, or garden. It may also offer future development potential, subject to local zoning bylaws, but typically comes with slightly higher property taxes and maintenance.
5. The home was last sold in 2017. What can be inferred from this?
The seven-year ownership period suggests the sellers were not short-term flippers, which could indicate a period of stable occupancy and possibly consistent maintenance. It’s a reasonable point to inquire about updates made during their tenure.