Property Overview: 159 Bayridge Avenue, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1983, presents a practical and efficient living space in the established Fort Richmond neighbourhood. Its key appeal lies in its balance of above-average interior space and a recently renovated basement, all within a manageable footprint. With 1,200 sqft of living area, the home offers more space than most on its street and is competitively sized for the area. The detached garage adds flexibility for parking or storage.

The property’s standout characteristic is its context: it sits on a smaller, low-maintenance lot (3,392 sqft). This is a defining feature that will appeal to buyers seeking minimal yard work but may give pause to those wanting extensive outdoor space. The home’s assessed value positions it as a solid, mid-range property in the city, suggesting a history of stable value without extreme peaks or valleys.

This home would suit first-time buyers, downsizers, or pragmatic investors looking for a turnkey property in a mature neighbourhood. It’s for those who prioritize efficient, updated living space over a large yard, and who appreciate the value of a home that consistently performs well against its immediate neighbours in terms of size, age, and value.

Frequently Asked Questions

1. How does the lot size impact daily living?
The lot is notably smaller than average for both the street and the wider city. This translates to very low-maintenance yard work, which is a significant advantage for busy professionals or those not interested in gardening. However, it limits potential for large additions, pools, or extensive private outdoor recreation space.

2. The assessed value seems low compared to typical sale prices. Why?
Manitoba uses a market value assessment system for property taxes, but the assessed value is not an appraisal or an expected sale price. It’s a baseline for taxation, often calculated from historical data. The sale history provided (a range of $37.5k-$40.5k in 2022) is a more relevant, though dated, indicator of market value.

3. What does the "above average" ranking for Year Built mean?
Built in 1983, this home is newer than most in Fort Richmond and on its street. This often suggests more modern construction standards, wiring, and plumbing compared to much of the housing stock in the area, potentially reducing the need for major foundational or system updates in the near term.

4. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. Buyers interested in rental income or a separate in-law suite should verify its legal status, proper egress, and compliance with local zoning and building codes with the city or a professional inspector.

5. The home sold in 2022. What can that history tell me?
The previous sale provides a benchmark, but the market has likely shifted since mid-2022. This history is most useful for understanding the property’s turnover rate and past market activity, not for pinpointing a current price. It’s a starting point for comparative market analysis with a real estate professional.