Property Overview: 10 Tulane Bay, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-established, one-storey home in the Fort Richmond neighbourhood. Built in 1965, it offers 1,057 sqft of living space with a renovated basement, situated on a 5,606 sqft lot. There is no garage or pool. The home’s assessed value is $360k.

Its primary appeal lies in its solid, no-frills foundation within a mature community. The renovated basement adds functional living space, making it a practical choice. The lot size, while below average for the immediate street and area, is still generous by wider city standards, offering good outdoor potential. The property presents as a value-conscious entry into a stable neighbourhood, particularly when compared to some neighbouring homes with higher assessments.

This home would suit first-time buyers or downsizers looking for a manageable, single-level layout without the premium of a newer build or extensive upgrades. It’s a home for someone who sees value in the existing structure and location, and who is prepared to make gradual updates to the main living areas over time. Investors may also see potential given the below-average assessment for the area, depending on the rental market.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to its neighbours?
The home’s assessed value ($360k) is below the average for both Tulane Bay and the broader Fort Richmond area. This suggests it may offer a more affordable point of entry compared to other homes on the street.

2. What does "renovated basement" typically mean for a home of this age?
While specifics require a viewing, in a 1965 home this usually indicates updated finishes (like flooring and paint) and potentially a modernized bathroom or living space. It’s important to verify the quality of the renovation and whether any necessary structural or moisture-proofing work was completed.

3. Is the lack of a garage a significant drawback?
This depends on the buyer’s needs. Many older homes in established neighbourhoods lack garages. The large lot does provide space for off-street parking and the potential to add a garage or carport in the future, subject to local bylaws.

4. The living area is noted as below average for the street. How will that affect daily life?
At 1,057 sqft (plus the basement), the home is compact but functional for a small household. The floor plan’s efficiency will be more important than the square footage alone. The renovated basement effectively doubles the usable space.

5. Where can I find the exact historical sale price?
The listed sale history shows an estimated range. To obtain the precise sale price from November 2016, you can request it directly via the email tool provided on the listing page. The service commits to providing the accurate figure without using your email for unsolicited marketing.