Property Overview: 74 Laval Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's established Fort Richmond neighbourhood. Built in 1965, its key characteristic is its efficient, manageable size at just over 1,000 square feet of living space, complemented by a renovated basement and an attached garage. The lot is a practical size, offering outdoor space without excessive maintenance.
The primary appeal lies in its position as an affordable entry point into a mature, convenient area. The renovated basement adds functional living space, making the home feel larger than the main floor suggests. It suits first-time buyers seeking a foothold in the market, downsizers looking for a low-maintenance property without leaving the neighbourhood, or pragmatic investors searching for a straightforward rental property. A less obvious perspective is its potential for buyers who value financial predictability; with an assessed value that is modest for the city, it may offer relative tax efficiency compared to higher-valued homes.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 1,012 sqft, the living area is below average for both Laval Drive and the wider Fort Richmond area, placing it among the more compact homes in the locality. This is a key factor in its accessible price point.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home's full functional space and quality of updates.
3. Is the assessed value a reliable indicator of the likely selling price?
The home's assessed value is $35,800. Historically, assessed values for tax purposes often differ from market value. The provided sales history shows it last sold in early 2019 for an estimated $25.5k-$28.5k, indicating market value can fluctuate significantly. Current market conditions will be the ultimate determinant.
4. What are the implications of the home's age (built 1965)?
As a home from the mid-60s, prospective buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems, even with a renovated basement. A thorough inspection is highly recommended.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly displayed. As noted on the detail page, you can request the precise history by emailing the listing service; they provide this data manually without using your email for marketing.