Property Overview: 84 Mount Allison Bay, Fort Richmond
Key Characteristics & Appeal
This 844 sqft bi-level home, built in 1971, sits on a generous 6,376 sqft lot in Winnipeg's Fort Richmond neighborhood. Its key appeal lies in its position as a competitively priced entry point into a well-established area. The home features a renovated basement, adding functional living space. While the living area is modest and below the local averages for both the street and the wider area, this translates to a lower assessed value, offering a clear value proposition for budget-conscious buyers.
The property would suit first-time homebuyers, investors, or downsizers seeking a lower-maintenance footprint without sacrificing outdoor space. The lot size is notably above average citywide, providing a relative rarity for the price: valuable green space and potential for gardening, expansion, or simple privacy in a mature setting. A thoughtful perspective is that this home represents a "land-value play" in many ways—you're acquiring a sizable parcel in a stable neighborhood, with the house itself offering a functional, renovated foundation. Its recent sale history suggests it's a market-resilient property that holds its fundamental value.
Frequently Asked Questions
1. Is the living space too small?
At 844 sqft, the living area is below the average for Fort Richmond. However, the renovated basement provides additional functional space, and the efficient bi-level layout can work well for individuals, couples, or small families who prioritize lot size and location over square footage.
2. What does the assessed value indicate?
The assessed value of $35,300 is below average for the immediate street and Fort Richmond, which is reflected in the asking price. Citywide, however, it sits around the median. This suggests the property is priced appropriately for its specific locale, offering an affordable option within a desirable larger city.
3. How does the lot size compare?
The 6,376 sqft lot is a standout feature. It's above the citywide average and provides significantly more outdoor space than many newer properties. This is a key asset for privacy, recreation, or future outdoor projects.
4. What can recent sale history tell us?
The home sold previously in 2021 and 2017. The sale price ranges show consistent value retention and incremental growth over time, indicating a stable, non-volatile property history in line with market trends for well-located, modest homes.
5. Who are the most likely buyers for this property?
This home is ideally suited for pragmatic first-time buyers entering the market, investors looking for a manageable rental property, or empty-nesters seeking to downsize their living space but not their outdoor area. Its appeal is grounded in fundamentals: location, lot size, and renovated essentials at an accessible price point.