Property Overview: 98 Leeds Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home presents a practical opportunity in a mature neighbourhood. Its key appeal lies in its balance of space and value. The 1,204 sqft bungalow sits on a notably large, above-average lot of over 7,600 sqft, offering more outdoor space than most homes on its street and across the city—a significant asset for gardening, play, or future expansion. The basement has been renovated, adding functional living space. A detached garage provides flexible storage or workshop potential.
Built in 1973, the home is among the newer properties on its block, which can suggest more modern construction standards compared to immediate neighbours. Recent sale data indicates steady market activity. This property would suit first-time buyers or downsizers looking for a manageable single-storey layout in a established area, and is particularly compelling for those who prioritize generous outdoor space over a larger interior footprint. It’s a home that offers room to breathe and personalize without the premium often attached to such lots.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
The living area is modest but competitive. At just over 1,200 sqft, it is slightly below the average for Fort Richmond bungalows, but its renovated basement effectively expands the usable space. The true standout is the land size, which places it in the top 20% of lots in the neighbourhood.
2. What does the assessed value indicate?
The assessed value is consistent with similar homes on the street and in Fort Richmond. It’s important to note that assessed value for tax purposes is a different metric than market value, which is better reflected in the recent sold price history provided.
3. Is the lot size a future advantage?
Potentially, yes. A lot of this size in an established neighbourhood is increasingly rare. It provides flexibility for adding a deck, shed, or landscaping features that wouldn’t be possible on a standard lot, and could be a long-term asset.
4. The home sold recently in 2024. What does that suggest?
The relatively quick resale could indicate strong investor interest or a desirable, move-in ready condition. It also provides a very current and reliable benchmark for its market value, which is helpful for setting realistic price expectations.
5. Who are the typical neighbours?
The listing shows several nearby homes were built around the same time (early 1970s), suggesting a neighbourhood with residents at similar life stages. The consistent year of construction on the street can indicate uniform maintenance needs and a cohesive streetscape.