Property Overview: 151 Baylor Avenue, Fort Richmond

Key Characteristics & Appeal

This is a compact, one-storey home built in 1972, offering a practical and affordable entry point into Winnipeg's Fort Richmond neighbourhood. With 840 square feet of living space and a recently renovated basement, it presents a low-maintenance footprint. The lot is modest at just under 3,840 square feet, which translates to less yard work.

Its primary appeal lies in its value and simplicity. The home sits in the middle of the pack for its immediate street in terms of size and assessed value, suggesting it's a typical, no-frills property for the block. For the wider area and city, its assessed value is notably below average for Fort Richmond but around the citywide median, highlighting it as a more budget-conscious option within a desirable neighbourhood known for its proximity to the University of Manitoba and major routes.

This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, functional home. It’s for those who prioritize location and financial accessibility over size or modern luxury. A thoughtful perspective is that while the lot is smaller than many in the area, it offers a manageable outdoor space that aligns with the home's low-maintenance ethos. The renovated basement adds valuable flexible space, which is a significant asset in a smaller main-floor footprint.

Frequently Asked Questions

1. How does the property's value compare to the area?
The home's assessed value is significantly below the Fort Richmond average, but aligns closely with the average for its specific street. This indicates it's priced accessibly for the neighbourhood, but is typical for Baylor Avenue itself.

2. Is the smaller lot size a disadvantage?
It depends on your priorities. While well below the neighbourhood average for land area, the lot requires less upkeep. For buyers seeking minimal yard maintenance or who value a shorter driveway, it can be a practical benefit rather than a drawback.

3. 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 seller or agent to understand the quality and use of this additional space.

4. The home last sold in late 2023. Why is it back on the market so soon?
This is not uncommon and isn't inherently a red flag. Reasons can range from a change in the owner's life circumstances to an investment property being flipped. It warrants asking the seller for the context behind the quick turnaround.

5. There's no garage. What are the parking options?
The listing shows no garage. Parking would be via the driveway, and street parking regulations should be verified with the city. The proximity of neighbouring homes, as shown in the nearby properties list, suggests a close-knit street pattern.