Property Overview & Key Characteristics
This one-storey home at 7 Acadia Bay in Fort Richmond is a practical and straightforward property. Built in 1967, it features 1,312 sqft of living space and sits on a 6,267 sqft lot, which is notably larger than the average city lot. A key update is its renovated basement, adding functional living space. The home does not have a garage or pool.
Its appeal lies in its simplicity and value. The renovated basement offers immediate utility without the need for a major project, and the above-average lot size for Winnipeg provides good outdoor space and potential. The home’s assessed value is positioned below average for its immediate street and neighbourhood, which could represent a value opportunity in the Fort Richmond area.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a established neighbourhood. It’s also a sensible fit for a value-conscious buyer who prioritizes land size over a recently built home and is comfortable with a property from the 1960s.
Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is below the average for both Acadia Bay street and the wider Fort Richmond neighbourhood, but sits close to the citywide average. This suggests it may be priced more accessibly than many direct neighbours.
2. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes added bedrooms, a living area, or a legal suite.
3. Is the lack of a garage a major concern?
The home has no garage. This is a common feature in older neighbourhoods and may mean relying on driveway parking or street parking. For some buyers, this is a trade-off for the larger lot.
4. The home is older—what should I be aware of?
Built in 1967, major systems like the roof, plumbing, electrical, and foundation should be carefully inspected. Its age is typical for the area, but being older than most on its street means maintenance history is key.
5. Why is the lot size noteworthy?
At over 6,200 sqft, the lot is larger than the average Winnipeg lot. This offers more private outdoor space than many newer properties and could be a long-term asset for gardening, expansion, or simply more distance from neighbours.