Property Overview: 14 Fordham Bay, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This one-storey home, built in 1965, presents a practical opportunity in the established Fort Richmond neighbourhood. With 1,279 sqft of living space and a renovated basement, it offers functional, single-level living. The lot is a notable feature—at 6,711 sqft, it is above average for Winnipeg, providing generous outdoor space uncommon in many city properties. A detached garage adds utility.

The home’s primary appeal lies in its value proposition within its immediate area. The data indicates its living space, assessed value, and year built are below the averages for Fordham Bay itself, suggesting it may be one of the more accessible entry points onto this specific street. For the wider Fort Richmond area and city, however, its metrics are generally around average, positioning it as a solid, mid-range home. This creates a potential sweet spot: a chance to secure a home in a mature neighbourhood with a sizable yard, where the investment is more in the land and location than in premium interior square footage.

This property would suit first-time buyers or downsizers seeking single-level living without a condo fee, and who prioritize private outdoor space over a larger modern footprint. It’s a home for a buyer comfortable with the character of a 1960s build and who sees potential in the already-renovated basement and the substantial lot.

Frequently Asked Questions

1. How does this home’s value compare to others on the street?
The assessed value is in the lower tier (top 91%) for Fordham Bay, meaning it is one of the more modestly valued homes on this particular street, which could represent a value opportunity.

2. Is the lot size a significant feature?
Yes. While the lot is slightly below average for the street, it ranks in the top 20% city-wide. This above-average urban yard is a key asset, offering space for gardening, recreation, or future expansion that is harder to find in newer developments.

3. What does the "renovated basement" typically mean for a home of this age?
In a 1965 home, a renovated basement often includes updated finishes, but buyers should inquire about the scope, permits, and, crucially, any updates to foundational elements like insulation, moisture management, and electrical systems that are common concerns in older properties.

4. The home last sold in 2021. What might have changed since then?
Given the sale was nearly four years ago, the current condition may reflect further updates or wear. It’s worthwhile to investigate what, if any, improvements the sellers have made during their ownership.

5. How does the detached garage impact winter usability?
A detached garage is a valuable asset for storage and vehicle protection. However, in a Winnipeg winter, the walk from the garage to the house is a practical consideration. The short 19-meter distance to a neighbouring property at 18 Fordham Bay suggests the lot and placement likely allow for a reasonably convenient pathway.