Property Overview
This two-storey home on a quiet street in Richmond West presents a balanced, move-in-ready opportunity. Built in 2003, it sits on a generous, nearly 5,000 sqft lot and offers 1,809 sqft of living space. Its key appeal lies in its established yet modern foundation, with a renovated basement adding valuable finished space. The data suggests a well-maintained property that outperforms many of its local peers; it ranks in the top quarter of its street for lot size and living area, and its last sale price in 2022 was notably higher than most comparable homes in the wider neighbourhood and city. The attached garage and absence of a pool point to a practical, low-maintenance lifestyle.
Its profile suits first-time buyers or young families looking for a spacious, turn-key home in a mature community without the premium of a brand-new build. It also appeals to value-oriented buyers who appreciate a home that has already seen significant updates, like the basement renovation, and who find reassurance in its strong performance in assessed value and past sale metrics relative to the area.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly among its immediate neighbours. It's in the top 30% for lot size, the top 22% for living area, and is one of the newer homes on the street (top 11%). Its last sale price in 2022 was the highest on the street in its recorded history.
2. What does the "renovated basement" entail?
The listing confirms the basement is finished and renovated, adding functional living space to the home's total footprint. Specific details on the renovation's scope, permits, or features should be verified through a viewing or direct inquiry with the listing agent.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value of $54.3k is for municipal tax purposes. The home last sold for $65.5k in 2022, which is a more relevant market benchmark. The current listing price will be based on current market conditions.
4. What is the neighbourhood like for families?
Richmond West is an established, family-oriented neighbourhood in Winnipeg. The property's rankings show it is a above-average home within a stable area, suggesting a community of well-kept homes. Prospective buyers should explore the area to assess amenities, schools, and traffic patterns firsthand.
5. Are there any obvious concerns not mentioned in the basic info?
The core systems (roof, furnace, etc.) of a 23-year-old home will be at a stage where inspection is prudent. While the basement is renovated, understanding the quality of that work and ensuring proper waterproofing and drainage is important. The "low-maintenance" appeal should be balanced with the standard upkeep expected for a home of this age.