Property Overview: 97 Greyfriars Road, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This one-storey home in Fort Richmond is a practical property that presents a clear value proposition. Built in 1971, it is notably newer than most homes on its street. The house itself is compact at 989 sq ft, with a renovated basement adding functional living space. A key asset is the generous 6,485 sq ft lot, which is larger than the typical Winnipeg property, offering significant outdoor potential. The detached garage adds utility. Its assessed value is modest relative to the city, yet it sits in a stable, established neighbourhood.
The appeal lies in its efficiency and land value. It suits first-time buyers seeking an entry point into homeownership without a premium price tag, or downsizers looking for a manageable, single-level layout with a low-maintenance footprint. The large lot is a standout feature for those who value private outdoor space for gardening, recreation, or future expansion, offering more potential than the home’s interior square footage might suggest. It’s a property where the land may be a more compelling asset than the structure itself.
Frequently Asked Questions
1. Is the price competitive for the area?
Based on recent sales data and assessed value, this property is positioned below the average for the Fort Richmond neighbourhood. This suggests a potentially more accessible entry point, though the smaller living area is a factor in that valuation.
2. What does "renovated basement" typically mean here?
While specifics should be verified by a viewing and inspection, in homes of this era a renovated basement often means finished living space, possibly including additional rooms, a family area, or a secondary entrance. It effectively increases the usable space beyond the main floor square footage.
3. How does the lot size compare?
The lot is a significant feature. It is above average for Winnipeg, but slightly below the average for Greyfriars Road itself. This means you get a substantial yard compared to many city properties, though some immediate neighbours may have larger plots.
4. What type of neighbourhood is Fort Richmond?
Fort Richmond is a mature, primarily residential neighbourhood in southwest Winnipeg, known for its convenience to the University of Manitoba, major transportation routes, and a mix of local amenities and shopping plazas.
5. Why is the year built considered an "Elite" ranking on its street?
The data indicates 97 Greyfriars Road is one of the newest houses on its block. On a street where many homes were built around 1970 or earlier, a 1971 build date places it in the top tier for relative modernity, which can be positive for certain building materials and design norms.