Property Overview
This two-storey home at 94 Magdalene Bay in Fort Richmond presents a practical opportunity in a mature Winnipeg neighbourhood. Built in 1971, it features 1,203 sqft of living space and sits on a 4,040 sqft lot, with a renovated basement and a detached garage.
Its primary appeal lies in its relative value and functionality within its immediate area. While the home's living space is above average for Magdalene Bay, its assessed value is notably below the street's average, suggesting a potentially more accessible price point for the location. The renovated basement adds usable space, a significant asset in a home of this size. The property would likely suit first-time buyers or practical downsizers seeking a solid, no-frills home in a well-established neighbourhood without a premium lot size. It’s a home that prioritizes interior living space over expansive outdoor area, appealing to those who value a straightforward, manageable property.
Frequently Asked Questions
Is this a good value for the street?
Based on the data, the home's assessed value is in the bottom 15% on Magdalene Bay, while its living area is in the top 18%. This discrepancy could indicate a value opportunity, but it's essential to understand the reasons, which may include the home's condition, specific features, or the below-average lot size.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of the renovation, whether it includes a proper secondary suite or a recreational space, and if necessary permits were obtained.
How does the lot size impact the property?
At 4,040 sqft, the lot is below average for both the street and the wider Fort Richmond area. This means smaller outdoor maintenance but also limited potential for expansions like large decks or additions. It emphasizes the home itself and its interior space over the yard.
What is the typical buyer for this home?
Given its size, configuration, and value positioning, this home is well-suited for first-time homeowners, small families, or downsizers looking for a manageable property in a mature neighbourhood without a large yard to upkeep.
Why is the sold price history presented as a range?
The sold price is shown as a range based on publicly available data. For the exact historical sale price, you must request it directly from the site, which provides the precise figure via email as a verified service.