Property Summary: 72 Point West Drive, Richmond West, Winnipeg
Key Characteristics & Appeal
This 1,808 sqft bungalow, built in 1985, presents a compelling opportunity defined by its generous space and land. Its primary appeal lies in offering above-average room to grow, both inside and out, within a well-established neighbourhood.
The home’s living area is notably spacious, ranking in the top 11% on its own street and outperforming the majority of comparable homes across Winnipeg. This is complemented by a substantial 8,529 sqft lot, which places it in the top 8% within Richmond West, providing exceptional outdoor space for gardens, recreation, or future expansion.
While the assessed value is strong compared to the city average, it sits around the typical mark for the immediate neighbourhood, suggesting a solid value proposition. The home’s age is a mix: it’s newer than most city-wide comparables but older than many in Richmond West, indicating a mature, settled streetscape.
This property would best suit buyers prioritizing interior space and a large yard over a brand-new build. It’s ideal for families seeking room to spread out, hobbyists or gardeners who value the extensive lot, or those looking for a home with established character and potential in a mature community.
Frequently Asked Questions
1. Is the house significantly larger than others nearby?
Yes. With 1,808 sqft of living area, it is larger than approximately 89% of comparable homes on its street and 75% in the wider Richmond West area.
2. How does the lot size compare?
The lot is a key feature. At over 8,500 sqft, it is significantly larger than most, ranking in the top 10% city-wide and the top 8% within the neighbourhood.
3. Is the assessed value high for the area?
The assessed value of $490k is above average for the street and the city. Within the broader Richmond West neighbourhood, however, it is very close to the average, suggesting it is priced in line with local expectations.
4. The house was built in 1985. Is that older than the neighbourhood norm?
It is slightly older than the Richmond West average for comparable homes (1993), but newer than the Winnipeg city-wide average (1966). This points to a street with well-maintained homes from the 1980s era.
5. What do these rankings mean for resale value?
The strong rankings for living and land area highlight enduring, desirable features that typically support value. The around-average assessment for the neighbourhood suggests there may be less risk of being over-built for the area compared to a vastly larger or more expensive property.