111 Laval Drive

Property Overview

This well-situated one-storey home in Fort Richmond offers a practical and comfortable living proposition. Its key appeal lies in the combination of a generous, above-average lot size and a recently renovated basement, providing immediate livable space and future potential. The house itself is a manageable size, suitable for downsizers, first-time buyers, or small families who prioritize low-maintenance, single-level living. While the home is from the 1960s, its ranking as newer than most on its street and in the neighbourhood suggests it may have been built later in the area's development cycle, possibly offering a slightly more modern initial layout. The detached garage and sizable yard are significant assets in this established community, appealing to those seeking outdoor space without the upkeep of a massive property. The assessed value positions it as a mid-range option in Winnipeg, indicating a balanced entry point into a desirable neighbourhood known for its proximity to the University of Manitoba and major routes.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
The 5,828 sqft lot is a standout feature, ranking in the top 15% for size within the entire Fort Richmond neighbourhood. This means you're getting more outdoor space than most properties nearby.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it's a finished living space, a rental suite, or updated utility and storage areas.

3. Is the house smaller than others on the street?
With 1,120 sqft of living area, it ranks in the middle third on Laval Drive. It's not the largest, but it's also not the smallest, representing a fairly typical footprint for the street. The renovated basement effectively adds to the usable space.

4. How does the assessed value relate to the likely selling price?
The assessed value of $37,600 is for municipal tax purposes and is typically significantly lower than market value. For context, similar-sized homes in Fort Richmond currently listed as "worth viewing" have market prices far above this assessment. The selling price will be determined by current market conditions.

5. What is the neighbourhood character like?
Fort Richmond is an established, mature neighbourhood with a mix of original owners and newer residents. Its streets, including Laval Drive, feature homes primarily from the 1960s and 70s, offering a settled feel with convenient access to academic, retail, and recreational amenities.