Property Overview: 84 Wadham Bay, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a solid, above-average offering in several key areas. Its primary appeal lies in its combination of generous living space and a highly desirable assessed value. With 1,503 sqft of living area, it ranks in the top 21% of homes on its own street and the top 30% city-wide, providing more room than many comparable properties. Notably, its assessed value places it in an elite tier on Wadham Bay (top 5%) and above average both in the neighbourhood and across Winnipeg, suggesting strong intrinsic value for the area.
The home sits on a 6,812 sqft lot, which is above average city-wide, offering good outdoor space. A renovated basement adds modern, functional living area, and the property includes a detached garage. Built in 1971, it is a typical age for the area.
This property would suit practical buyers looking for value and space without compromising on location. It’s ideal for those who appreciate a home that stands out statistically in its immediate vicinity for its value proposition, or for someone seeking a single-level layout with a renovated lower level and room to grow outdoors. It may also attract buyers who see potential in a property that already has a strong assessment foundation relative to its peers.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sold price?
The home was last sold in October 2021 for a price range estimated between $46.50k and $49.50k. The current assessed value is $45.70k. This close alignment suggests a stable valuation history.
2. Is the living space larger than most homes in Winnipeg?
Yes. With 1,503 sqft, this home’s living area is above the city-wide average for comparable homes and ranks within the top 30% city-wide, meaning it offers more interior space than roughly 70% of similar properties in Winnipeg.
3. What does the "elite" ranking for assessed value on the street mean?
This ranking indicates that, on Wadham Bay itself, this home’s assessed value is in the top 5% of the 39 comparable properties. It signifies that for this specific street, the property is considered among the most valuable.
4. The lot size ranking seems average for the area but above average city-wide. Why is that?
Fort Richmond generally features homes on larger lots. So, while this property’s lot is around the middle of the pack within its own neighbourhood, it is still larger than the lot of the average comparable home across the entire city, ranking in the top 19%.
5. Where can I find the exact historical sold price?
The provider offers a manual service to obtain the precise sold price. You can submit your email via the button on the listing page to request this information, which they aim to provide by the end of the same business day.