Property Overview: 700 Grierson Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home built in 1964, situated on a notably spacious lot in the established Fort Richmond neighbourhood. With 1,062 sqft of living space and a renovated basement, it offers functional, no-frills living. Its key appeal lies in its generous 7,002 sqft land area, which is well above the Winnipeg city-wide average, providing significant outdoor space and potential in a mature community.
The home’s assessed value is modest compared to others on its street and in Fort Richmond, suggesting it may present an accessible entry point into the area. The detached garage adds practical utility. This property would best suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint without sacrificing yard size. Its value is grounded in the land and location rather than the size or modernity of the dwelling, offering a canvas for future updates or simply enjoying a larger-than-typical lot in a convenient university-area neighbourhood.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value is below the average for both Grierson Avenue and the wider Fort Richmond area, while the lot size is significantly larger than the city average. This indicates you are paying more for the land than the structure, which is a common dynamic in older, established neighbourhoods.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent, as renovations can range from cosmetic updates to full legal suites or significant family room additions.
3. Is the lot size a potential advantage?
Yes. The lot is in the top 17% city-wide for size. This not only allows for more private outdoor space but also provides flexibility for future additions, landscaping projects, or even subdivision potential, subject to city zoning bylaws.
4. The home is described as "around average" in size for the city. Who would it suit?
At just over 1,000 sqft above ground, the living space is compact. It would suit individuals, couples, or small families comfortable with efficient living, especially if the renovated basement provides additional usable space. It may feel cramped for those accustomed to larger, open-concept modern layouts.
5. What is the significance of the sold price history shown?
The data shows a sale in March 2021 in the $38.5k-$41.5k range, which is close to the current assessed value. This provides a recent benchmark, but market conditions have likely shifted since. The listing service offers to provide the exact sold price upon request, which is a useful data point for understanding market trends and formulating an offer.