Property Overview: 80 Magdalene Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a compelling blend of space, location, and modern updates. Built in 1973, it stands out on its street as one of the newer homes, offering a renovated basement and an attached garage. With 1,317 sqft of living space, it is notably larger than most comparable homes on Magdalene Bay, providing ample room. The lot size of 6,486 sqft is above average both for the street and city-wide, offering generous outdoor space.
The primary appeal lies in its move-in ready condition with a modernized basement, its position on a quiet bay, and its strong value metrics. The home’s assessed value ranks above average for the street, suggesting it is a premium property in its immediate neighborhood. Recent sale data indicates strong market performance.
This property would ideally suit first-time buyers or downsizers seeking single-level living without compromising on interior space or yard size. It’s also a practical choice for those who value a renovated, low-maintenance home in a mature, established neighborhood with a clear sense of community.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
At 1,317 sqft, the living area is in the top 3% for Magdalene Bay, meaning it is significantly larger than most direct neighbors. It is competitively sized when compared to the wider Fort Richmond area and Winnipeg city averages.
2. What is the significance of the lot size?
The 6,486 sqft lot is above average, offering more private outdoor space than 79% of homes on the street and 77% of homes across Winnipeg. This is a key feature for gardening, recreation, or future expansion.
3. The home was built in 1973. What should I consider?
While it is one of the newer homes on the block, it is over 50 years old. A thorough inspection of the roof, major systems, and windows is recommended. The renovated basement is a positive update, but understanding the scope and quality of that renovation is important.
4. What do the recent sold prices indicate?
The home sold in August 2024 for an estimated $455,000-$485,000. This price was in the top 6% for the street, demonstrating strong buyer demand for this specific property and likely reflecting the value of its renovations and above-average characteristics.
5. Who are the typical neighbors or buyers in this area?
Fort Richmond is a mature neighborhood popular with university staff, students (due to proximity to the University of Manitoba), and young families. This particular street, with its consistent, well-kept homes from the same era, tends to attract long-term residents, creating a stable community atmosphere.