Property Overview: 127 Valence Avenue, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This 1976 four-level split home in Fort Richmond stands out for its generous proportions and strong market position. Its primary appeal lies in its substantial living space of 2,345 sq ft, which ranks in the top 2% of homes on its own street and the top 4% city-wide. The home features a renovated basement, adding to its functional space. While the lot size is slightly below average for the immediate area, this is balanced by the home's elite ranking in both living area and assessed value, suggesting a well-regarded and sizable property. Recent sale history indicates steady value appreciation.

The property is ideally suited for buyers who prioritize interior space over expansive yard maintenance. It’s a strong fit for growing families or those who value distinct living zones afforded by a four-level split layout. The data suggests it appeals to a buyer looking for a home that outperforms most peers in its category—not just a standard family home, but one with standout square footage and assessment value for the neighbourhood.

Frequently Asked Questions

1. How does the lot size impact the property?
While the land area is noted as below average for Valence Avenue and Fort Richmond, it is near the city-wide average. This often translates to less yard maintenance while still providing private outdoor space. The trade-off is more living space on a slightly more compact lot.

2. What does the "Elite" ranking for Assessed Value mean?
An assessed value in the top 2% on its street and top 10% in Fort Richmond indicates the municipal property assessment is significantly higher than most comparable homes. This generally reflects the home's size, condition, and renovations, but it's important to review this in context of actual market prices and property taxes.

3. Is the renovated basement included in the living area square footage?
Typically, finished basement area is included in the total living area (sq ft) reported in Canadian real estate listings, especially if it is a legal, permitted renovation. The listing confirms the basement is renovated, which adds valuable functional space.

4. The home sold recently in 2023. What does that indicate?
The 2023 sale provides a very recent market price benchmark, which is valuable for understanding current value. The data shows the sale price was in the top 6-8% of comparable sales at the time, confirming the home's premium positioning.

5. What are the implications of a "4 Level Split" building type?
This style offers multiple levels, creating natural separation between living, sleeping, and recreational areas. It can be ideal for separating noise and activity. Buyers should be mindful that it involves more stairs than a bungalow or two-story home, which is a consideration for accessibility and daily life.