Property Overview: 78 Celtic Bay, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 1967 bi-level home at 78 Celtic Bay presents a distinct profile. With 950 sqft of living space, it is notably compact compared to most homes on its street and in the wider area, positioning it as one of the smaller properties available. This characteristic is balanced by a renovated basement and an attached garage. The assessed value of $420k is strong for its immediate street, ranking well above the local average.
The primary appeal lies in its efficiency and value within a desirable location. It suits buyers looking for a manageable footprint without sacrificing the benefits of a mature neighborhood like Fort Richmond. It’s an ideal match for first-time homeowners, downsizers, or investors seeking a lower-maintenance property where the value is driven more by land and location than by square footage. A thoughtful perspective is that this home may offer a unique opportunity to live in a well-regarded area at a potentially more accessible entry point, with the renovated basement providing flexible space that offsets the modest main floor area.
Frequently Asked Questions
1. How does the home’s size impact its value?
While the living area is below average for the area, the property’s assessed value is bolstered by its location, lot size, and the renovated basement. The value is competitive, suggesting the market recognizes factors beyond pure square footage.
2. What does the sold price history indicate?
Public records show sale ranges in 2017 and 2020, with prices that were competitive for their respective times. This indicates steady market interest. For precise historical sold prices, you can request the exact figures via email from the listing source.
3. Is the older year of build (1967) a concern?
The age is typical for the neighborhood. Being one of the older homes on the street simply means it’s part of the area’s original fabric. A thorough inspection is always recommended to understand the condition of major systems and the quality of the basement renovation.
4. Who would this property not suit?
It may not be the best fit for buyers requiring extensive main-floor living space or multiple large bedrooms. Those prioritizing brand-new construction or maximum square footage for the price might find better options elsewhere in the city.
5. How does the lot size compare?
The land area of 5,607 sqft is fairly average city-wide but is below average for the Fort Richmond area specifically. This means you get a standard urban lot in a neighborhood where many properties are on larger plots.