Property Overview: 76 Mount Allison Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This is a compact, single-storey home built in 1971, offering a renovated basement and a notably generous 6,376 sqft lot. With 954 sqft of living space, it is smaller than many area homes, positioning it as a more manageable and potentially affordable option in the established Fort Richmond neighborhood. Its assessed value of $360k is around the citywide average but is below the typical value for Fort Richmond, suggesting a value-oriented entry point into the area.
The primary appeal lies in its balance of a lower-maintenance footprint with a large, usable yard—a combination that can be rare. The renovated basement adds functional living space. It suits first-time buyers seeking a foothold in a mature community, downsizers looking to maintain a garden without the upkeep of a larger house, or pragmatic investors interested in a property with solid land value. A thoughtful perspective is that while the home itself is modest relative to the neighborhood, its above-average citywide land ranking indicates the parcel itself is a significant asset, offering future potential or simply more private outdoor space than a typical city lot.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 954 sqft, the living area is below the average for both the Fort Richmond area and the city overall. This makes it one of the more compact options on the street and in the neighborhood.
2. Is the assessed value in line with the area?
The $360k assessment is actually below the average for Fort Richmond. This indicates the property may be valued lower than many in the area, potentially due to its smaller size, which can represent a value opportunity for buyers.
3. What is the significance of the land size?
The lot of 6,376 sqft is a key feature. It ranks above average citywide, meaning you get more yard space than most Winnipeg properties, a notable advantage for gardening, recreation, or future expansion.
4. What can recent sale prices on the street tell me?
Nearby homes on Mount Allison Bay have sold recently, with the last known sale for this property occurring in September 2023. This provides a concrete benchmark for current market values on this specific street.
5. Who would this property be best suited for?
It's an excellent match for those prioritizing land size and neighborhood over a large interior. It fits first-time buyers, downsizers, or those who see value in a renovated basement and a large yard, even if the main floor is cozy.