Property Summary: 71 Baldry Bay, Fort Richmond
Section 1: Key Characteristics & Appeal
This is a well-situated bi-level home in Fort Richmond, built in 1967. Its key characteristic is a generous, above-average lot size of over 7,100 sqft, offering more outdoor space than most homes in the city. The living area is modest at 1,073 sqft, making it one of the smaller homes on its street, but it features a renovated basement and a detached garage.
The primary appeal lies in its land value and location. The large lot presents opportunities for gardening, expansion, or simply enjoying more private outdoor space—a growing priority for many. While the home itself is compact, the renovated basement adds functional living space. Its assessed value is positioned around the average for the area, suggesting it may offer a more accessible entry point into the neighbourhood compared to larger homes.
This property would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space. It’s also a practical candidate for those who value potential over perfection, as the lot allows for future projects. Buyers seeking a move-in-ready home with a modest interior but a focus on outdoor living will find it aligns well with their priorities.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,073 sqft, this is a smaller home for Fort Richmond and is notably the smallest by living area on Baldry Bay itself. This often translates to a lower price point, allowing entry into a desirable area.
2. What does the “above-average” lot size actually mean for me?
The lot of 7,125 sqft is larger than approximately 84% of residential lots city-wide. This means more room for decks, play structures, gardens, or even a future addition, which is a significant asset not easily found in newer developments.
3. The home was last sold in 2017. What might have changed since then?
While the exact sale price is available upon request, the public data shows a sale between $34.5k and $37.5k in mid-2017. The current assessed value is $41.5k. This change reflects market trends and possibly the value added by the basement renovation noted in the listing.
4. Is a detached garage a benefit or an inconvenience?
This depends on your lifestyle. A detached garage provides excellent storage or workshop space separate from the house. However, it means a walk to your vehicle in Winnipeg winters, which some buyers factor into their decision.
5. The assessed value seems low compared to typical home prices. Why?
In Manitoba, property assessments for tax purposes are not market valuations. They are based on a mass appraisal system and are typically significantly lower than what a home would sell for on the open market. The assessed value is useful for comparing relative worth against other homes in the system, not for determining list or sale price.