Property Overview: 83 Michigan Avenue, Fort Richmond, Winnipeg
Key Characteristics & Buyer Appeal
This 1974 four-level split home in Fort Richmond offers a practical layout with 1,770 sqft of living space and an attached garage. The property sits on a 6,593 sqft lot, providing good outdoor space for the city. Its core appeal lies in its positional value: while the home itself is modest relative to its immediate street, it represents a solid, above-average offering for the broader Fort Richmond area and Winnipeg overall. The assessed value of $420k is around the citywide average, suggesting a fair market entry point.
The home suits buyers looking for a functional property in a well-established neighbourhood without a premium price tag for the specific street. It’s a sensible choice for those who value space and lot size over a modern, renovated finish, as the basement is noted as not renovated. It may particularly appeal to value-conscious buyers or those willing to take on cosmetic updates over time to increase the home's value relative to its immediate neighbours.
Frequently Asked Questions
1. How does this home compare to others on Michigan Avenue?
The data shows this home is more modest than most on its street. It ranks below the street average for living area, assessed value, and land size. This can represent an opportunity to own on a desirable street at a relatively accessible point.
2. Is the assessed value a reliable indicator of the selling price?
The $420k assessment is around the citywide average. While assessments are a guide, the final sale price is determined by the market. The provided sales history from 2020 shows a previous sale in the $365k-$395k range, but market conditions have likely changed since then.
3. What does "above average for Fort Richmond" mean for me?
While the home is below average for its specific street, it is above average when compared to all homes in the Fort Richmond neighbourhood, particularly in living area. This indicates you are getting more interior space than many area homes, which is a key advantage.
4. What should I consider about the "not renovated" basement?
This indicates the basement is in original or functional condition, not updated. It offers potential for future customization but may require an investment to modernize. Ensure a viewing to assess its current state and suitability for your needs.
5. How does the year built (1974) affect this property?
Built in 1974, the home is of average age for its area. Buyers should be mindful of maintenance items common to houses of this era, such as the age of the roof, windows, and major mechanical systems (furnace, water heater), and budget accordingly.