Property Overview: 90 Acadia Bay, Fort Richmond
Key Characteristics & Appeal
This is a well-maintained, one-storey home from 1969, offering a practical and straightforward living space. With 1,158 sqft of living area and a renovated basement, it provides functional room to spread out. The lot is a notable feature—at over 6,200 sqft, it is larger than the typical city lot, offering valuable outdoor space for gardening, play, or future expansion in a mature neighbourhood.
Its primary appeal lies in its value proposition and location. The home’s assessed value is modest relative to its street and neighbourhood, suggesting a potentially accessible entry point into the stable Fort Richmond area. It suits first-time buyers or downsizers looking for a manageable, single-level layout without a major renovation project. The updated basement adds immediate livable space, a key perk. A thoughtful perspective is that while the home ranks below average in size and value within its immediate, desirable area, it holds its own city-wide, indicating you’re buying into a solid location at a relative value. The lack of a garage is a trade-off for the larger lot, appealing to those who prioritize outdoor space over vehicle storage.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value is below the average for both Acadia Bay and the wider Fort Richmond neighbourhood, which can represent a value opportunity in a sought-after area.
2. Is the lot size a significant advantage?
Yes. At 6,267 sqft, the lot is substantially larger than the Winnipeg average. This provides more private outdoor space than many newer properties and could be a long-term asset.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify during a viewing to understand the quality and use of the additional space.
4. How does the lack of a garage affect practicality?
The property has no garage, so parking and storage will rely on the driveway. This is a common feature in older neighbourhoods and is often factored into the price.
5. The home sold in 2021 and 2020. What can we learn from that?
The sold price ranges show steady appreciation between the 2020 and 2021 sales. Requesting the exact sold prices can provide a clearer picture of its recent market trajectory.