Property Overview: 756 Pasadena Avenue, Fort Richmond
Section 1: Key Characteristics & Appeal
This is a well-situated, modestly-sized bi-level home built in 1968. Its key characteristic is its generous 7,277 sqft lot, which is notably larger than many city-wide and neighbourhood averages, offering valuable outdoor space and potential. The living area, at 804 sqft, is compact, but the home features a renovated basement, adding functional space. With a detached garage and an assessed value of $390k that sits around the average for the area, it presents a grounded entry point into the Fort Richmond community.
The appeal lies in its balance of a substantial, private yard with a home that is manageable in scale. It suits practical buyers—first-time homeowners, small families, or downsizers—who prioritize land size and location over a large interior footprint. A thoughtful perspective is that this property represents an opportunity to invest in the land itself; the house, while updated in the basement, could be lived in as-is or viewed as a candidate for future expansion or renovation, with the lot size being the enduring asset.
Section 2: Frequently Asked Questions
1. Is the house too small at 804 sqft?
While below average in living area for the street and neighbourhood, the renovated basement significantly adds to the usable living space, making the home more functional than the main floor square footage alone suggests.
2. What does the assessed value tell us about the price?
The $390k assessment is around the average for comparable homes in Fort Richmond. It suggests the property is priced in line with the market fundamentals of the area, not inflated, which can provide a sense of stability for a buyer.
3. How does the lot size compare?
The lot is a standout feature. At over 7,200 sqft, it ranks in the top 15-28% city-wide and in Fort Richmond. This is a significant asset, offering more privacy, recreation space, and future potential than many similarly priced properties.
4. 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.
5. What should I consider about the home's age?
Built in 1968, the home is of average age for the area. While the basement has been renovated, a prospective buyer should budget for standard maintenance and updates expected of a home from this era, such as windows, roof, or mechanical systems.