Property Overview: 938 Summerside Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Fort Richmond presents a practical and affordable entry point into the Winnipeg market. Its key characteristics include 895 sqft of living space, a renovated basement, and a manageable 3,888 sqft lot, all built in 1986. The home’s assessed value of $360k is average for the city but sits below the norm for the Fort Richmond area, suggesting a relative value opportunity within this desirable neighbourhood.
The primary appeal lies in its location and efficiency. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property in a mature, established community without the premium often attached to larger homes on bigger lots. A thoughtful perspective is that while the living space is modest, the renovated basement adds functional space, and the home’s age ranks it among the newer 3% of properties in Fort Richmond, potentially implying fewer immediate major updates compared to older stock. It’s a home for those who prioritize location and community amenities over sheer square footage.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The assessed value is below average for both Summerside Avenue and the broader Fort Richmond area, but aligns with the Winnipeg city-wide average. This indicates you may be getting more house for your money within this specific neighbourhood context.
2. Is the living space sufficient for a small family?
At 895 sqft, the main floor living area is compact. However, the presence of a renovated basement significantly increases the usable space, making it a viable option for a small family or couple who utilizes space efficiently.
3. What does the "Elite" ranking for Year Built in Fort Richmond mean?
This statistical badge means this 1986-built home is newer than approximately 97% of properties in Fort Richmond. In practical terms, it suggests the neighbourhood is established, and this home may have components (like roofing, windows) that are relatively younger than many around it.
4. Is the lack of a garage a significant drawback?
The property has no garage, which is a consideration for vehicle storage or workshop space. However, this is reflected in its pricing and may be a reasonable trade-off for buyers seeking a lower-maintenance yard and home.
5. How can I find out the exact historical sold price?
The exact sold price is not publicly displayed. As noted on the listing, you can request this information via email from the service, which provides the accurate figure manually without using your email for unsolicited marketing.