Property Overview: 90 Dalhousie Drive, Fort Richmond
Key Characteristics & Appeal
This two-storey home at 90 Dalhousie Drive is a practical entry-point into Winnipeg’s established Fort Richmond neighbourhood. Built in 1978, it is newer than many area comparables. The 1,188 sqft living space is squarely average for the street and area, offering a functional layout without excess. A key characteristic is its very low assessed value, which sits well below neighbourhood and city averages. This suggests a potentially lower property tax burden and a price point accessible for first-time buyers or investors.
The appeal lies in its straightforward, no-frills proposition. It has a full, unrenovated basement offering storage or future expansion potential, but no garage or pool, keeping maintenance simpler. The lot is notably compact at 2,510 sqft, the smallest on the street—this means minimal yard upkeep but little private outdoor space. It last sold in early 2022 in the $305k-$335k range.
This property would best suit a budget-conscious buyer seeking a functional starter home in a mature area, or an investor looking for a rental property with fundamentals in place. It’s for those who prioritize location and floor space over turn-key condition or outdoor amenities, and who see potential in a home that may require updates over time.
Frequently Asked Questions
1. What does the low assessed value mean for me?
A lower assessed value typically translates to lower municipal property taxes compared to similar-sized homes in the area. However, it can also reflect the home’s condition, lack of updates, or its compact lot size.
2. Is the small lot size a major drawback?
It depends on your lifestyle. It greatly reduces yard maintenance, which can be a plus. The trade-off is very limited private outdoor space for gardening, play, or entertaining.
3. The home is noted as having an unrenovated basement. What should I consider?
This indicates the basement is likely in original condition. It provides usable space for storage or utilities, but any finished living area, moisture management, or updates would be a future project for the buyer.
4. How does this home compare to others on the same street?
It has an average living area for Dalhousie Drive but sits on the smallest lot and has one of the lowest assessed values on the street. This positions it as a more affordable option among its direct neighbours.
5. The home sold recently in 2022. What does that indicate?
The relatively recent sale suggests the current market price will be closely influenced by that transaction and market changes since. It’s important to understand why it was sold after a short period, which a home inspection and title review can help clarify.