Property Summary

Key Characteristics & Buyer Fit

This is a 1973 home in Fort Richmond, Winnipeg, with roughly 1,204 square feet of living space on a slightly above-average lot of 6,595 square feet. Its assessed value sits around $387,000, which is modest relative to the area—most nearby homes are valued higher. The living area is average for the city but slightly below the Fort Richmond average of 1,421 square feet, and the lot is larger than many citywide properties but on the smaller side within its own street.

The appeal here is subtle. It’s not a standout by the numbers, but that can work in a buyer’s favor. The home offers a solid, functional footprint on a decent-sized lot in an established neighbourhood, without commanding a premium for recent renovations or oversized square footage. The year built—1973—places it in the top 3% of homes on Ryerson Avenue, meaning the street has a mix of older and newer builds, which can add character and variation.

This property would suit a buyer who values a stable, mid-century Winnipeg neighbourhood over flashy finishes. It’s a logical choice for someone looking for a home that’s comfortable but not extravagant, with room to update over time. First-time buyers, small families, or those downsizing from larger homes might find it practical—especially if they want more lot space than typical newer infills offer but don’t need a large interior.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The assessed value is about $387,000, which is roughly 11% below the Fort Richmond average of $435,700. On Ryerson Avenue specifically, it falls in the bottom 15% of home values, so it’s one of the more affordable options on the street.

2. Is the lot size actually useful for gardening or outdoor projects?
At 6,595 square feet, the lot is above average citywide but below average for the immediate street and neighbourhood. It’s big enough for a decent garden, a playset, or a small shed, but not oversized. You won’t have a sprawling yard, but there’s room to work with.

3. Why is the home’s year built listed as “elite” for its street?
Homes built in 1973 are among the oldest on Ryerson Avenue, where the average home is newer. The ranking reflects that only a small percentage of homes on the street are older than this one—so it’s considered well-established relative to its neighbours, not necessarily in terms of condition or style.

4. Does “average living area” mean the home feels cramped?
No. Average for Winnipeg is about 1,342 square feet, so this home is just slightly below that. The layout will matter more than the raw number. For a three-bedroom home, 1,200 square feet can feel perfectly comfortable if the floor plan is efficient. It’s not a spacious open-concept home, but it’s not tiny.

5. How should I interpret the rankings that show “bottom 40%” for the area?
Those rankings compare this property to all homes in Fort Richmond and on Ryerson Avenue. Being in the bottom portion for assessed value and living area simply means it’s a more modest home in a neighbourhood with many larger, higher-valued properties. That can be an advantage if you’re looking for entry-level pricing in a well-regarded area—you’re getting less house, but also less competition from other buyers.