Property Overview: 78 Newcastle Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This 4-level split home, built in 1973, stands out for its generous proportions both inside and out. With nearly 2,000 square feet of living space, it ranks in the top 3% of homes on its own street for size. The property sits on a large, 10,281 sqft lot, which is notably above average for the neighbourhood and city, offering ample outdoor space. A key feature is the renovated basement, adding modernized living area, and the home includes a detached garage. Its assessed value is consistently above average across local comparisons.
The appeal lies in a combination of space, established location, and value. It offers significantly more room and land than typical homes in Fort Richmond, providing room to grow or simply enjoy. The renovated basement suggests some updates have been made to the original build. This property would best suit buyers looking for a spacious family home in a mature neighbourhood who value larger lot sizes over a brand-new build. It’s also a strong candidate for those who see potential in the established structure and generous yard, perhaps for gardening, expansion, or long-term value tied to land size.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 3%") actually mean for a buyer?
It contextualizes the home against its immediate peers. For example, ranking 1 of 34 for living area on Newcastle Road confirms this is the largest home on the street, a significant advantage in that specific location.
2. The home was last sold in 2020. What might have changed since then?
While the core structure and lot remain the same, the renovated basement likely occurred under the current ownership. A pre-purchase inspection would be crucial to assess the quality of that renovation and the condition of other major systems typical of a 1970s home.
3. How does a detached garage compare to an attached one in this climate?
A detached garage offers flexibility for workshops or noise isolation but requires braving the elements in winter. For this specific property, the large lot likely provides a good pathway or potential for a sheltered walkway.
4. The assessed value is listed, but what about the likely selling price?
The assessed value ($46.10k) is for municipal tax purposes and is not a market valuation. The 2020 sold price range provides a historical anchor, but current market conditions will determine the final price. The above-average rankings in key metrics typically support a strong market value.
5. What are the practical implications of a 4-level split design?
This style offers good separation of living and sleeping areas, often with distinct zones on different half-levels. It can be ideal for families seeking defined spaces. However, it involves more stairs than a bungalow or 2-storey, which is a consideration for mobility or very young children.