Property Overview: 82 Tulane Bay, Fort Richmond, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home in Fort Richmond is a practical, no-frills property built in 1965. Its key appeal lies in its straightforward, renovated basement and a manageable 1,040 sqft of living space on a 5,716 sqft lot. The home presents a grounded value proposition: while its living space and lot size are below the averages for its immediate street and neighbourhood, its assessed value is consistently around the average for the area. This suggests it is priced appropriately within its market context, without the premium often attached to larger properties. The detached garage adds functional utility.
The home would suit first-time buyers, downsizers, or investors seeking an entry point into the established Fort Richmond neighbourhood without a major renovation project. Its recent sale history indicates stable value, and the renovated basement offers immediate usable space. A thoughtful perspective for a buyer is that a home with "below average" square footage on its street can represent an opportunity for efficient living with lower heating and maintenance costs, while still providing access to the community's amenities and stability.
Frequently Asked Questions
1. Is the price fair for the size?
Based on the data, the assessed and recent sold prices are consistently around the average for Fort Richmond, even though the living area is below average. This indicates the market has priced the home with its overall characteristics—including its renovated basement and lot—in mind.
2. What does "renovated basement" mean here?
The listing confirms the basement is renovated, but the scope and quality of the renovation are not detailed. A prospective buyer should clarify what work was done, when, and if appropriate permits were obtained.
3. How does the lot size affect potential future plans?
At 5,716 sqft, the lot is smaller than many in Fort Richmond. This may limit options for large additions, pools, or extensive outdoor structures, but it also means less yard maintenance.
4. The home has sold several times recently. Is that a concern?
The property has changed hands a few times since 2016. This isn't inherently negative but warrants asking about the reasons for sale to understand if there are transient factors or simply a property that appeals to investors or short-term owners.
5. How does the detached garage impact winter usability?
A detached garage is common for homes of this era. While it provides secure storage and parking, it requires going outside in winter weather, a consideration for some buyers compared to an attached garage.