Property Overview: 708 Pasadena Avenue, Fort Richmond
Section 1: Key Characteristics & Appeal
This one-storey home in Fort Richmond is defined by a compelling balance of modest living space and generous outdoor potential. Its key characteristic is an above-average land area of over 8,100 sqft, placing it in the top 15% of the neighbourhood—a notable advantage for a 1960s-built property. The home itself, at 1,094 sqft with a renovated basement, offers functional living space that is typical for the street and area. Its recent sale in late 2024 suggests a market-tested value.
The primary appeal lies in its lot size. This isn't just a backyard; it's a substantial canvas for gardening, expansion, or recreational space, a feature increasingly rare in mature neighbourhoods. The detached garage adds practical utility. It suits first-time buyers or downsizers looking for a manageable single-level layout with the rare bonus of significant land, as well as value-oriented investors or long-term owners who see potential in the property's underlying land value relative to its footprint. A thoughtful perspective is that while the home is comfortably average in many metrics, the land offers a form of "quiet equity"—a hedge against inflation and a tangible asset that may appreciate independently of the dwelling.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a standout feature. At 8,169 sqft, it is significantly larger than the city-wide average (approx. 6,570 sqft) and ranks in the top 10-15% for both the street and the broader Fort Richmond area.
2. What is the condition of the home, given its age?
Built in 1966, the home's age is typical for the street. The listing notes a renovated basement, suggesting some updates. A standard home inspection is recommended to assess the condition of major systems, the roof, and the foundation common to homes of this era.
3. Is this a good investment compared to others on the street?
Based on assessed value and recent sale price, this property sits around the middle of the range for Pasadena Avenue. Its investment appeal would be less about outperforming the street in the short term and more about the long-term value of its larger lot and the potential it allows.
4. What is the neighbourhood like?
Fort Richmond is a well-established, family-friendly neighbourhood near the University of Manitoba. It offers a mix of residential streets, schools, parks, and convenient access to amenities and major routes.
5. Can I get the exact historical sale price?
The precise sale price from December 2024 is not publicly displayed in the data. The listing service provides an estimated range and offers to supply the exact figure via email upon request, which they handle manually.