Property Overview
This bi-level home at 70 St Edmund’s Bay in Fort Richmond presents a specific and compelling profile. Its key appeal lies in offering a renovated, amenity-ready package—including a pool and attached garage—on a good-sized lot, within a home that is more compact and efficiently sized than the neighbourhood norm.
Key Characteristics & Ideal Buyer
The home’s living space of 933 sq ft is notably below average for the street, area, and city, positioning it as a more manageable footprint. This is balanced by desirable features: a renovated basement, a private pool, and an attached garage. The lot size of 6,591 sq ft is solid, ranking above average city-wide, offering good outdoor potential. With an assessed value of $440k, it sits around the average for its immediate area but above the Winnipeg average, reflecting its updated condition and amenities.
Its primary appeal is to buyers seeking a lower-maintenance interior space without sacrificing outdoor amenities or lot size. It would suit a small household, empty-nesters looking to downsize from a larger home but not ready to give up a garage and private pool, or an investor/landlord attracted to a renovated property with strong rental demand in Fort Richmond. A less obvious perspective is that its "below average" square footage, paired with a "above average" city-wide lot size, represents an interesting value proposition for someone who prioritizes yard space and outdoor living over a large interior.
Frequently Asked Questions
1. How does the home’s smaller living area impact its value?
While the square footage is below average for the area, the assessed value is supported by the renovated condition, the inclusion of a pool and garage, and the above-average city-wide lot size. It appeals to a specific buyer looking for these features in a more efficient layout.
2. Is the pool a major factor in the property’s assessment and appeal?
Yes, a private pool is a significant amenity that adds to the lifestyle appeal and is reflected in the property’s above-city-average assessed value. Buyers should factor in associated maintenance and insurance costs.
3. What does the "Elite" ranking for Year Built on its street mean?
Built in 1972, this home is the newest on its specific block (ranked 1 of 28), suggesting it may have newer core components compared to its immediate neighbours, though it is around the average age for the wider area.
4. How current is the sold price data shown?
The last recorded sale was in November 2019. For the exact sold price and any more recent, non-public sales data, you must request the information directly via the provided email service.
5. Who are the most likely competing buyers for this property?
Given its profile, competition is likely to come from practical first-time buyers who value the renovations and garage, downsizers from within the neighbourhood seeking similar amenities with less space, and possibly investors due to the turnkey condition and strong rental location.