Property Overview: 71 Laval Drive, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a solid, grounded opportunity. Built in 1965, its 1,220 sqft living area is comfortably average for the neighbourhood, but the property stands out for its generous 7,479 sqft lot, which is significantly larger than many nearby homes. A key feature is the renovated basement, adding valuable finished space, and the convenience of an attached garage. The home’s assessed value is notably strong for its immediate street, suggesting it has been maintained or updated in ways that official metrics recognize.
Its primary appeal lies in this combination of ample outdoor space and move-in-ready interior space, including the basement. It suits practical buyers looking for a single-level layout in a mature neighbourhood, possibly downsizers or young families valuing a large yard over a massive house. A thoughtful perspective is that while the home itself is of average size, the above-average land parcel offers future potential—whether for gardening, expansion, or simply enjoying more privacy than typical lots in the area. It’s a property where the land may be the long-term asset.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. The home’s assessed value is above average on its street, indicating it’s in good standing, but the final sale price will be determined by current market conditions.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, moisture control, and the current layout to understand how it functions as living space.
3. Is the large lot a common feature in this area?
No, the lot size is a standout feature. It ranks in the top 9% on Laval Drive itself, meaning you get more outdoor space than most direct neighbours, which is a valuable differentiator.
4. What are the typical property taxes for this home?
While not listed here, property taxes can be estimated using the assessed value of $43,800k and Winnipeg’s current mill rate. Your real estate agent or the City of Winnipeg can provide a precise calculation.
5. Are there any known issues with homes of this age?
Homes built in the mid-1960s may have original components nearing the end of their lifespan, such as the roof, windows, or plumbing. A thorough home inspection is recommended to identify any needed updates or maintenance.