Property Overview & Key Characteristics
This 4-level split home in Fort Richmond offers a practical layout on a generously sized lot. Its key appeal lies in the combination of a renovated basement, a detached garage, and above-average living space for its street. The home was built in 1968, placing it among the older quarter of homes on Acadia Bay, but it compensates with a living area that ranks in the top 15% locally. The assessed value positions it squarely in the middle of the market for the area.
The property would suit buyers looking for established-character homes with room to grow, both inside and out. It's a strong match for those who value a larger, private yard over a brand-new build, and who appreciate the potential that a renovated basement and a detached garage offer for hobbies, storage, or future projects. It's a grounded choice in a mature neighbourhood, likely appealing to practical-minded families or investors who see value in solid square footage and land size.
Frequently Asked Questions
1. How does the age of the home affect its value?
While built in 1968, the renovated basement is a key update. The value comes from the lot size, living space, and this improvement, balancing the older building age.
2. Is the lot size a significant advantage?
Yes. At over 6,400 sq ft, the lot is larger than most in Winnipeg and on its street. This provides ample outdoor space, a rarity that often holds long-term value.
3. The home is a 4-level split. What does that mean for daily living?
This style creates distinct zones, which can be great for separating living and sleeping areas. However, it involves more stairs than a bungalow or two-storey, a factor for mobility.
4. How does the assessed value compare to likely selling price?
The $400k assessment is a municipal valuation for tax purposes. In Fort Richmond, sale prices can differ based on market conditions, the home's condition, and specific buyer demand.
5. What is the significance of the detached garage?
It offers excellent storage or workshop space separate from the house. For some, it's a major perk; for others, it means going outside in winter weather to access the vehicle.