Property Overview: 134 Valence Avenue, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Fort Richmond home presents a practical opportunity in a mature neighbourhood. Built in 1975, it is newer than many city-wide comparables and sits on a notably generous lot for its street, offering above-average outdoor space. The 1,370 sqft living area is comfortably in the middle range for the area, suitable for a small family or those looking to downsize without sacrificing room. A key feature is the renovated basement, which adds functional living space. The home’s assessed value positions it above average for the neighbourhood, suggesting solid inherent value.

Its appeal lies in its balance and stability. It’s not an outlier in any single category but performs reliably well across the board—size, lot, age, and value. This makes it a straightforward, lower-risk consideration in its market segment. The property would suit first-time buyers seeking a move-in-ready foundation with a renovated basement, or pragmatic investors attracted by its consistent metrics and the steady demand in established academic communities like Fort Richmond. A less obvious perspective is that a home ranking consistently "around average" in living space but "above average" in lot size hints at potential for future expansion or landscaping, offering a blank canvas within a stable setting.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to recent sales on the street?
Based on available data, the home’s assessed value is above the average for Fort Richmond. While exact sale prices for this address are not publicly listed, nearby homes on Valence and Rochester Avenues with similar assessments have sold in recent years, providing a relevant market context.

2. What does "renovated basement" typically include?
The listing confirms the basement is renovated, which generally means it is finished as livable space. For specific details on the quality, permits, or the nature of the renovation (e.g., bathroom, flooring, ceiling height), a viewing and inquiry with the seller or listing agent is recommended.

3. Is the lot size a significant advantage?
Yes. The land area of 6,818 sqft ranks in the top 12% on Valence Avenue, meaning it is larger than most direct neighbours. This provides more private outdoor space, potential for gardening, or room for additions like a shed or deck, which is a premium in mature neighbourhoods.

4. The home was built in 1975. Are there any common concerns for houses of this age?
Homes from this era may have original components nearing the end of their service life, such as the roof, windows, or certain plumbing/electrical systems. A professional home inspection is advised to evaluate the condition of these elements and the quality of the basement renovation.

5. Who are the typical buyers in Fort Richmond?
Fort Richmond is a established neighbourhood with proximity to the University of Manitoba. It often attracts a mix of university staff, students seeking family housing, young professionals, and long-term residents drawn to the area’s amenities and convenience. The profile of this home—a one-storey with a renovated basement—offers flexibility for this diverse buyer pool.