Property Overview
This one-storey home at 83 Mount Allison Bay in Fort Richmond is a compact, well-situated property that presents a practical opportunity. Built in 1971, it features 980 sqft of living space and sits on a 6,154 sqft lot, with a detached garage and a renovated basement. Its assessed value is $38,100.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficient scale and its position within a stable, established neighbourhood. While its living space is below the area average, the renovated basement adds functional space, making it a manageable property for those looking to avoid the upkeep of a larger house. The lot size is notably above average citywide, offering good outdoor potential relative to many Winnipeg properties. Its assessed value is around average for its immediate street and the city, suggesting it is priced appropriately within its context rather than standing out as exceptionally high or low.
This property would suit first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance entry into the Fort Richmond area. It’s for someone who values a larger yard over a larger house and sees potential in a home that is already partially updated. A less obvious perspective is that its "around average" metrics across the board indicate a property less likely to be subject to bidding extremes, potentially offering a more straightforward purchase process.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 44%") actually mean for living area?
It means this home's living area is larger than 44% of comparable homes on the same street. So, on its own block, it's slightly above the middle, but within the wider Fort Richmond area, it's below average in size.
2. The assessed value seems low. What does this indicate?
The $38,100 figure is the city's assessment for property tax purposes, not the market price. It indicates the home is likely a more modest, affordable property within the city. The recent sold price history (in the $38.5k-$41.5k range) suggests the market price aligns closely with this assessment.
3. Is the renovated basement a full legal suite?
The provided details state it is "renovated," but do not specify if it is a legal secondary suite or has a separate entrance. This would be a key point to verify with the listing agent or through a municipal search.
4. How does the lot size compare practically?
At over 6,000 sqft, the lot is larger than the Winnipeg average. This is a significant asset, providing ample yard space for gardening, recreation, or future expansion like a shed or deck, which is a notable advantage for a smaller home.
5. Where can I find the exact historical sold prices?
The exact sold prices are not publicly displayed in detail here. As noted on the page, you can request the precise history via email from the service, which they provide manually without using your email for marketing.