Property Overview: 780 Pasadena Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, one-storey home built in 1964 on a generous 7,277 sqft lot in Fort Richmond. Its key characteristics include 1,091 sqft of living space and a renovated basement. A detached garage completes the picture.
The primary appeal lies in its land size and location. The lot is significantly larger than the Winnipeg city average, offering ample outdoor space and potential in a mature neighbourhood. While the house itself is modest in size compared to some in the immediate area, its assessed value is consistent with the local market, suggesting a solid, no-surprises foundation. The renovated basement adds functional living space.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout with a low-maintenance footprint, but who still value a sizable yard. It’s also a practical candidate for value-conscious buyers looking for a home with baseline updates in a stable neighbourhood, where the land itself represents a substantial portion of the asset.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,091 sqft, the living area is below the current average for Fort Richmond. This indicates a more compact, efficient layout rather than a sprawling home, which can be appealing for those seeking easier maintenance and lower utility costs.
2. What does the assessed value tell me?
The assessed value of $40,100 is around the average for both the street and the wider neighbourhood. This suggests the property is priced consistently within its market context, neither an outlier nor a standout, which can provide a sense of stability and fair market positioning.
3. Is the large lot typical for the area?
Yes and no. The lot is above average for the city and the Fort Richmond neighbourhood, which is a significant advantage. However, on Pasadena Avenue itself, it’s actually slightly below the street average. This nuance means you get a great-sized yard overall, but there may be even larger lots directly nearby.
4. The home was built in 1964. What should I consider?
While the basement has been renovated, the core structure is over 60 years old. Prospective buyers should prioritize a thorough inspection of major aging components, such as the roof, foundation, plumbing, and electrical systems, to understand any impending updates or maintenance needs.
5. Who are the likely neighbours?
The nearby comparable sold properties and similar assessed values on the street indicate a neighbourhood of long-term residents in similar vintage homes. This often points to a stable, established community with a mix of original owners and newer households who appreciate the mature setting.