Property Overview & Key Characteristics
This well-situated one-storey home in Fort Richmond offers a practical and comfortable living proposition. Its primary appeal lies in a combination of a generous, above-average lot size (over 6,800 sq ft) and a recently renovated basement, providing immediate livable space and potential. Built in 1969, the home presents a solid, established foundation in a mature neighbourhood.
The property’s data suggests a balanced profile: it sits on a larger-than-typical lot for the area, yet the living area is modest, indicating potential for expansion or a focus on outdoor space. Its assessed value is competitive within the local market, positioning it as a value-conscious entry into a desirable neighbourhood close to the University of Manitoba and major amenities. This home would suit first-time buyers seeking a move-in-ready base with a renovated basement, downsizers looking for single-level living on a private lot, or value-focused investors attracted by the neighbourhood's stability and rental demand from the academic community. A thoughtful perspective is that the large lot offers a rare commodity—space for gardens, play, or future additions—in a neighbourhood where many properties are more densely packed.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 6,817 sq ft lot is a standout feature, ranking in the top third for size on its own street and above the neighbourhood average. This offers more private outdoor space than many comparable homes in Fort Richmond.
2. What does the "renovated basement" entail?
While specific finishes aren't detailed, the listing confirms the basement is renovated and habitable. This adds immediate functional living space, such as for a recreation room, home office, or additional bedrooms, without the need for a major project.
3. Is the home older than others in the area?
Built in 1969, it is of a similar vintage to many homes in this part of Fort Richmond. While not a new build, its age is typical and the renovated basement suggests key updates have been made. Buyers should still consider a thorough inspection for systems like roofing, plumbing, and electrical.
4. How does the assessed value inform the likely selling price?
The assessed value of $40,400k is for municipal tax purposes and is typically lower than market value. It serves as a useful benchmark for comparing property taxes against similar homes, but the final sale price will be determined by current market conditions, the home's condition, and buyer demand.
5. What is the neighbourhood like for families or commuters?
Fort Richmond is a mature, family-friendly neighbourhood with excellent access to schools, the University of Manitoba, and major routes like Bishop Grandin Boulevard. The specific street appears quiet and well-established, offering a suburban feel with convenient urban access.