Property Overview
This 1964 bi-level home at 737 Townsend Avenue in Fort Richmond offers a practical, value-oriented entry into the Winnipeg market. Its key appeal lies in its balance of space and price, featuring a renovated basement and a detached garage on a notably large lot for the city. With 1,063 sqft of living space, the home is compact but efficiently laid out. The data suggests it is a solidly average property in its immediate area in terms of size and value, but it stands out for its generous land area, which ranks in the top 19% city-wide. The recent sale in mid-2024 at a price point similar to its assessed value indicates a stable, transparent market valuation.
This home would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing outdoor space. It’s also a candidate for buyers with a longer-term vision, as the large lot presents a less obvious but valuable opportunity for future expansion, gardening, or simply enjoying more privacy than typical city lots allow. The renovated basement adds immediate functional living space, making it move-in ready for those who prioritize practicality over high-end finishes.
Frequently Asked Questions
1. How does the home’s size compare to others in Winnipeg?
At 1,063 sqft, the living area is slightly below the city-wide average but is fairly typical for the Fort Richmond neighborhood and Townsend Avenue specifically. The layout of a bi-level can often make efficient use of the square footage.
2. What is the significance of the lot size?
The land area of 6,759 sqft is a standout feature, ranking above average both on its street and across Winnipeg. This means more yard space, potential for landscaping, and greater distance from neighbors compared to many city properties.
3. What does the assessed value tell me?
The assessed value of $40,600 is a municipal valuation for tax purposes. It is consistently around the average for the local area, and the 2024 sale price was very close to this figure, suggesting the home is priced in line with market expectations.
4. Is the age of the home (1964) a concern?
Built in 1964, the home is older than many in Fort Richmond. While this means maintenance items like the roof, windows, and major systems should be carefully inspected, the data shows the home is in good company on its street, where the average build year is the same.
5. What is the neighbourhood like?
Fort Richmond is a mature, established neighbourhood near the University of Manitoba. It offers a mix of student renters and long-term residents, with good access to amenities, parks, and major routes. The listing of several nearby properties on the same street suggests a stable, residential setting.