Property Overview
71 Valence Avenue is a well-maintained one-storey home in Fort Richmond, built in 1974. Its key features include a renovated basement and a private pool, set on a spacious 6,380 sqft lot. The home’s living area of 1,204 sqft is modest for the immediate street but aligns with broader city averages. The property’s assessed value consistently ranks above average for both the neighbourhood and Winnipeg overall, suggesting a solid investment in a stable area. Notably, the lot size is larger than most city properties, offering valuable outdoor space.
The appeal lies in its move-in readiness with recent updates, the rarity of a pool in this climate, and the generous, usable yard. It suits first-time buyers looking for a manageable single-level layout, downsizers seeking low-maintenance living without sacrificing space, or anyone valuing a private outdoor oasis for summer. A thoughtful perspective is that while the house itself is average in size, its above-average valuation on a larger lot indicates the premium is placed on land and amenities rather than square footage—a smart buy for those who prioritize outdoor living and future potential over a large interior.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home is currently assessed at $46.10k. The last known sale was in May 2017 for an estimated $28.50k–$31.50k, indicating significant appreciation in assessed value over seven years. For the exact sale price, you can request the information via email from the listing source.
2. Is the pool a major factor in maintenance and cost?
Yes. While a private pool is a standout luxury in Winnipeg, it requires seasonal opening/closing, regular upkeep, and contributes to higher utility costs in the summer months. It’s a major appeal for some but a consideration for those weighing ongoing maintenance.
3. What are the implications of not having a garage?
The lack of a garage means vehicles are exposed to winter weather, and storage or workshop space must be found within the home or basement. This is a common trade-off in older neighbourhoods and something buyers should plan for.
4. How does the home’s size fit with the neighbourhood?
At 1,204 sqft, the living area is slightly below the average for Valence Avenue itself but is very typical for the wider Fort Richmond area and the city. It’s a comfortable size for a smaller household but may feel compact for larger families.
5. The lot is larger than city average—what are the advantages?
The 6,380 sqft lot (ranked in the top 24% citywide) provides excellent outdoor space for gardening, recreation, and the pool. It also offers greater privacy from neighbours and potential for future expansions, like a garage or deck, subject to local bylaws.