Property Overview
This well-situated Fort Richmond home at 713 Patricia Avenue presents a practical opportunity in a mature neighbourhood. Built in 1970, it is a one-storey house with a renovated basement and a detached garage. The key data points reveal a property that stands out for its generous land size, offering a larger-than-average lot both for its immediate street and city-wide. Its living space and assessed value are consistently above average for the local area, suggesting a solid, established home in its context.
Key Characteristics & Appeal
The primary appeal of this property lies in its space and established location. The 7,258 sqft lot is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion—a feature becoming rarer in many city neighbourhoods. With a renovated basement, the home offers flexible living space that can adapt to various needs, from a family room to a separate suite. The detached garage adds practical utility for vehicle storage or a workshop.
This home would suit a buyer looking for a grounded, no-frills property where value is derived from land size and functional space rather than modern luxury. It’s ideal for first-time buyers seeking a foothold in a stable community, or for downsizers who want a manageable single-level layout but still desire a substantial private yard. The above-average rankings on its street suggest it’s one of the better-maintained or more desirable properties on the block, offering a sense of relative value within the immediate area.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes and is typically lower than market value. Recent sold price data for the area, provided in the history, is a more relevant guide for current market expectations.
2. What are the implications of a larger lot?
Beyond private outdoor space, a larger lot can offer better privacy, more landscaping potential, and future development options (subject to zoning bylaws). It may also mean slightly higher maintenance or landscaping effort.
3. The home was built in 1970. What should I consider?
While the basement is noted as renovated, a home of this age may have original components like windows, roofing, or major systems (plumbing, electrical) that are nearing or past their typical lifespan. A thorough inspection is advised to budget for potential updates.
4. What is the neighbourhood like?
Fort Richmond is a mature, established neighbourhood near the University of Manitoba. This often brings a mix of long-term residents, academic staff, and students, creating a stable yet vibrant community feel with good access to amenities and green spaces.
5. How can I find out the exact past sold prices?
Exact sold prices are not publicly displayed in detail here due to data licensing. As noted, you can request the precise historical sale data by email, which will be provided manually without obligation.