Property Overview: 240 Fortier Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 240 Fortier Avenue in River East is a study in solid, middle-of-the-road value. Built in 1970, it features 1,090 square feet of living space on a notably generous 6,202 square foot lot. With an assessed value of $347k, it sits comfortably around the average for its street and the wider city, while being priced below the average for the River East neighborhood itself. This creates a subtle value proposition: you're acquiring a property with a larger-than-average yard in a neighborhood where it is assessed for less than many peers.
The primary appeal lies in its balance and potential. The lot size is a standout, offering more outdoor space than most comparable homes in Winnipeg, which is ideal for gardening, play, or future expansion. It suits practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize space and a stable investment over high-end finishes or a brand-new build. It’s a home for someone who sees a sturdy foundation and appreciates the financial headroom of a property valued below its immediate area's average, allowing for personalization without overcapitalizing.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($347k) is for municipal tax purposes and is a historical snapshot. The last known sale was between $250k-$300k in March 2018. The selling price will be determined by current market conditions, the home's state, and buyer demand.
2. Is the living space small for the neighborhood?
At 1,090 sq ft, it is below the River East neighborhood average (1,399 sq ft). However, it is very close to the average for its own street (1,139 sq ft) and near the citywide average. It represents a typical size for many Winnipeg homes from its era.
3. What does the large lot size mean for me?
The 6,202 sq ft lot is above average for the city. This offers more privacy, outdoor utility, and future potential (like a shed, deck, or addition) than many properties in this price range. It's a key feature that may offset the modest interior square footage.
4. The home is older. What should I consider?
Built in 1970, it is of a typical age for the area. Buyers should budget for a thorough inspection focusing on aging components like the roof, windows, plumbing, and electrical systems, which may be due for updates or replacement.
5. How can I get the exact past sale price?
The provided data shows a sale price range. Due to industry rules, exact historical sale figures are not published automatically. You can request the exact sold price history by emailing the site directly for a manual lookup.